Midwest Land Values Move in Opposite Directions

Midwest Land Values Move in Opposite Directions

Divergent trends in farmland values are evident across the heartland, according to the Federal Reserve Banks of Chicago, Kansas City and St. Louis.

The Chicago Fed reports good agricultural farmland marked a small annual increase through the second quarter of this year, while the St. Louis Fed says farmland values eased less than 1% for the same period. This is not a confirmation of a bottom, but it suggests market steadiness. 

The Kansas City Fed reports land values continued to decline in the Central and Southern Plains.

Farmland values rose 1% across the Chicago Fed’s district through the first half of the year on both an annual and quarterly basis. This marks the first annual gain since mid-2014 and the second consecutive quarterly boost. But the gain was not spread evenly across the bank district. Illinois and Indiana, for example, report declines of 3% and 1%, respectively. Iowa, however, marked a 3% increase followed by a 1% boost in the Upper Midwest state of Wisconsin.

Farmland values slipped slightly in the southern Corn Belt and Upper Mississippi Delta, according to the St. Louis bank. The value of ranch and pastureland, meanwhile, rose 4.5%. But more than half of survey respondents expect farmland and pastureland values to ease going forward.

Crop and ranchland values declined across the Kansas City bank’s region through the second quarter. Irrigated and dryland cropland decreased 7% and 5%, respectively, while ranchland eased 4%.

 

Latest News

APHIS Now Thinks Wild Birds Are to Blame for Highly Pathogenic Avian Influenza's Arrival on Four U.S. Dairies
APHIS Now Thinks Wild Birds Are to Blame for Highly Pathogenic Avian Influenza's Arrival on Four U.S. Dairies

The livestock industry continues to grapple with the first confirmed cases of HPAI in cattle, while federal and state agencies continue to assure consumers there's no concern about the safety of the U.S. milk supply.

Success is All in the Details at Kansas Dairy Development
Success is All in the Details at Kansas Dairy Development

Kansas Dairy Development provides temporary housing for up to 80,000 head of cattle — from a few days old to springers nearly ready to calve. Their formula for success is all in the details.

Skills Survey Reveals U.S. Agriculture & Food Industry Workforce Needs and Gaps
Skills Survey Reveals U.S. Agriculture & Food Industry Workforce Needs and Gaps

U.S. employers report challenges in finding suitable job candidates with work-ready skills to fill open roles in ag. The AgCareers.com U.S. Skills Survey offers insights, data and trends to address skill development.

Built Out of Love: How Two Sisters Created a Super-Fast-Growing Yogurt Company
Built Out of Love: How Two Sisters Created a Super-Fast-Growing Yogurt Company

Travel to the rolling hills of Pennsylvania, and you’ll meet Hayley and Stephanie Painter who not only made the Forbes 30 under 30 list, but have also created one of the fastest growing yogurt company in the U.S.

"Boring" Technology Will Reshape Dairy Over the Next 10 Years
"Boring" Technology Will Reshape Dairy Over the Next 10 Years

Once a technology becomes a boring experience it means it has become proven, well-adopted, and easy to utilize. There are three "boring" technologies silently shaping the industry.

Influential Dairy Leaders Awarded World Dairy Expo Recognition Awards
Influential Dairy Leaders Awarded World Dairy Expo Recognition Awards

World Dairy Expo is delighted to announce the recipients of the 2024 Expo Recognition Awards. These individuals have made remarkable contributions to the dairy industry and their communities.