The Land Report

Winter 2017

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: https://landreport.epubxp.com/i/915456

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W I N T E R 2 0 1 7 | The LandReport 29 LANDREPORT.COM NATIONAL – TREND With the exception of cattle producers, livestock operators saw improvements in prices during the third quarter of 2017 relative to the same quarter of a year earlier. According to the USDA, many prices for agricultural commodities remained fairly close to their levels of a year ago. Some actually rose. MIDWEST – FOCUS Difficult weather conditions during planting, a trying drought, and heavy rains during harvest all threatened production this crop year. District-wide corn and soybean yields (bushels per acre) were down from their all-time highs, set in 2016. Seventh District farmland values saw a year-over-year decrease of 1 percent in the third quarter of 2017. The Midwest did not experience a year-over-year decrease or increase in agricultural land values greater than 1 percent in the past four quarters. Such stability in farmland values had not occurred in the Midwest since 1970. Go to www.ChicagoFed.org to download a complete copy of the Seventh Federal Reserve District's current AgLetter as well as past issues. July 1, 2017 October 1, 2016 to to October 1, 2017 October 1, 2017 Illinois –1 –3 Indiana +1 –4 Iowa 0 +2 Michigan * * Wisconsin –1 +2 SEVENTH 0 –1 DISTRICT Percent change in dollar value of "good" farmland SOURCE: Chicago Fed *Insufficient response.

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