The Land Report

FALL 2015

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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FA L L 2 0 1 5 | The LandReport 29 LANDREPORT.COM MIDWEST – FOCUS The following conclusions are based on the responses of 234 agricultural bankers in the Seventh District. According to the economic analysis of the Chicago Fed, "There was no year-over-year change in farmland values for the District as a whole in the first quarter of 2015 — in contrast to the slight decrease at the end of 2014." Almost half of the survey respondents predicted farmland values to decrease in the second quarter of 2015, while less than 1 percent expected farmland values to increase and 51 percent expected them to be stable. Only 8 percent of the survey respondents reported higher demand to purchase farmland, while 46 percent reported lower demand. The supply of farmland for sale was also lower For a complete copy of the Seventh Federal Reserve District's AgLetter, go to www.ChicagoFed.org . January 1, 2015 April 1, 2014 to to April 1, 2015 April 1, 2015 Illinois -1 -1 Indiana +1 -1 Iowa +2 -6 Michigan * +5 Wisconsin +1 +8 SEVENTH +1 0 DISTRICT Percent change in dollar value of "good" farmland *Not reported due to small sample size. SOURCE: Chicago Fed

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