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2016 Marks Third Consecutive Drop in Corn Belt Farm Values

The Seventh Federal Reserve District reported a 1% drop in agricultural land values in 2016. This follows decreases of 3% in both 2015 and 2014. Senior Business Economist David Oppedahl noted the following: • The decrease in the agricultural land

Annual Percentage Change Seventh District Farmland Values

The Seventh Federal Reserve District reported a 1% drop in agricultural land values in 2016. This follows decreases of 3% in both 2015 and 2014. Senior Business Economist David Oppedahl noted the following:

• The decrease in the agricultural land values from their peak in 2013 through the end of 2016 was 9.5% in real terms.
• The current multi-year downturn has been much more moderate than the previous such stretch during the 1980s.

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Posted in Agriculture, Feature, Federal Policy, Illinois, Indiana, Iowa, Midwest, Missouri, News Desk, Ohio

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