S P R I N G 2 0 1 7 | The LandReport 29
LANDREPORT.COM
October 1, 2016 January 1, 2016
to to
January 1, 2017 January 1, 2017
Illinois -1 -2
Indiana -2 +2
Iowa 0 -2
Michigan -1 -8
Wisconsin -2 +3
SEVENTH
-1 -1
DISTRICT
Percent change in dollar value of "good" farmland
NATIONAL – TREND
At 15.1 billion bushels, US corn production in 2016 jumped 11 percent
over 2015 to set a new record. Soybeans enjoyed a similar uptick to
4
.3 billion bushels
, a gain of nearly 10 percent over 2015.
Plentiful supplies of corn and soybeans put a downward pressure on prices.
But lower prices also stoked export demand. In fact, soybeans exports
reached an all-time high.
MIDWEST –
FOCUS
Of the 192 bankers who responded to the Seventh District's survey,
nearly 60 percent predicted farmland values to remain stable. More
than 40 percent forecast a decrease in farmland values.
Download a complete copy of the Seventh Federal Reserve District's
AgLetter at
www.ChicagoFed.org .
