The Land Report

Winter 2014

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.

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Page 30 of 131

W I N T E R 2 0 1 4 | The LandReport 29 LANDREPORT.COM April 1, 2014 July 1, 2013 to to July 1, 2014 July 1, 2014 Illinois +3 +3 Indiana -1 0 Iowa +1 -1 Michigan * * Wisconsin +6 +1 SEVENTH +2 +3 DISTRICT Percent change in dollar value of "good" farmland NATIONAL – TREND A springtime rally in corn and soybean prices buoyed farmland values. Those gains were tempered by a price pullback that began in May. Record harvests could push prices even lower. MIDWEST – FOCUS The 3-percent year-over-year increase in Midwest farmland values for the second quarter of 2014 was 1 percent larger than that for the previous quarter. But, according to Seventh District economists, this increase falls well below the double-digit gains seen in the past few years. Of the 230 agricultural bankers who responded, 68 percent expected Midwest farmland values to remain stable in the third quarter of 2014, 30 percent predicted them to fall, and just 2 percent said they would rise. REMINDER : On November 17, the Federal Reserve Bank of Chicago will hold a conference to examine the role of farm income in the economy of the rural Midwest. More details on the conference can be found at and in the next issue of the Seventh Federal Reserve District's AgLetter. *Insufficent Response

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