S U M M E R 2 0 1 6 | The LandReport 27
LANDREPORT.COM
*Not reported due to small sample size. SOURCE: Kansas City Fed
Nonirrigated Irrigated Ranchland
Kansas -8 -6 -3
Missouri -1 n/a* +2
Nebraska -2 -3 -2
Oklahoma -1 -10 -1
Mountain States -7 +13 +10
TENTH DISTRICT -4 -2 -1
Using responses from 213 banks, economists with the Kansas City
Federal Reserve Bank presented a survey of Agricultural Credit Conditions
covering the first quarter of 2016. A selection of observations by some of
these bankers follows:
"Good quality land has still brought a premium at auctions. Marginal soil
types have reduced in price or 'no sold' at auctions. Cash rents have
remained steady." — Southeast Nebraska
"
L e v e r a g e d
farmers are beginning to see their
d e b t l o a d
increase
and becoming harder to manage." — Southeast Colorado
"
P r o d u c t i o n e x p e n s e s
have not decreased in proportion to decreased
m a r k e t p r i c e s
." — Southeast Colorado
"
D e b t
repayment on real estate and equipment loans is a
b i g p r o b l e m
."
— Western Missouri
"
C o w - c a l f
areas have plenty of
m a r g i n
after annual debt service and
living costs." — Southeast Wyoming
Read the complete report at www.KansasCityFed.org .
Farmland Value Gains By State