The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.
Issue link: http://landreport.epubxp.com/i/582499
W I N T E R 2 0 1 5 | The LandReport 29 LANDREPORT.COM MIDWEST – FOCUS The following conclusions are based on survey responses of 221 agricultural bankers in the Seventh District. The rally in corn and soybean prices toward the end of the second quarter may have temporarily quelled the decline in farm values. Then crop prices slid again in July. The 3 percent year-over-year decrease in farmland values for the second quarter of 2015 could also be the flip side of the rapid gains during the past few years. One percent of respondents expected farmland values to increase during the current quarter, while 40 percent projected them to decrease, and 59 percent projected them to stabilize. For a complete copy of the Seventh Federal Reserve District's AgLetter, go to www.ChicagoFed.org . April 1, 2015 July 1, 2014 to to July 1, 2015 July 1, 2015 Illinois -2 -6 Indiana +2 +4 Iowa 0 -7 Michigan * +6 Wisconsin -2 -2 SEVENTH -1 -3 DISTRICT Percent change in dollar value of "good" farmland *Not reported due to small sample size. SOURCE: Chicago Fed