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NATIONAL – TREND
Neither Election Day uncertainties nor drought conditions slowed the
nonstop rise in agricultural land values as ultra-low interest rates continue
to spur investors to turn to hard assets.
MIDWEST – FOCUS
Iowa's farmland values continued to lead the Seventh District, with a
year-over-year increase of 18 percent for the third quarter of 2012.
The year-over-year gain for the Seventh District agricultural land values
was 13 percent — the smallest increase since 2010.
According to the survey responses, the drought was predicted to more
adversely affect the net farm earnings of livestock farm operators than
those of crop farmers.
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According to the 223 responses provided for the October 1 survey,
the Seventh District's agricultural land values were expected to
continue rising in the fourth quarter of 2012.
For a copy of the complete AgLetter, go to www.ChicagoFed.org.
Percent change in dollar value of "good" farmland
July 1, 2012
to
October 1, 2012
October 1, 2011
to
October 1, 2012
Illinois
+1
+15
Indiana
*
+11
+6
+18
Michigan
*
+7
Wisconsin
-2
+8
SEVENTH
DISTRICT
+5
+13
Iowa
*Insufficent Response
LANDREPORT.COM
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W INTER 20 12
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