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Midwest farmland values continue to rise in First Quarter

Midwest farmland values continue to rise in First Quarter David B. Oppedahl A report from the Seventh Federal Reserve District shows that agricultural land values continued to strengthen in the first quarter of 2021, rising 7 percent from a year ago. Moreover, “good” farmland values moved up 3 percent from the fourth quarter of 2020 to the first quarter of 2021, according to the survey responses of 143 District agricultural bankers. Annual cash rental rates for District farmland increased 4 percent in 2021, bucking the downward trend of the previous seven years. There was a lower amount of farmland for sale in the three- to six-month period ending with March 2021 than in the same period ending with March 2020.

COVID-19 Update: State Encourages Schools to Safely Open by March 1, Beaumont Health Triples Server Capacity to Meet Demand for COVID-19 Vaccine, and More

COVID-19 Update: State Encourages Schools to Safely Open by March 1, Beaumont Health Triples Server Capacity to Meet Demand for COVID-19 Vaccine, and More Here is a roundup of the latest news concerning the COVID-19 pandemic in addition to announcements from local, state, and federal governments, as well as international channels. To share a business or nonprofit story, please send us a message. Courtesy of Bridge, as of Jan. 9 Here is a roundup of the latest news concerning the COVID-19 pandemic in addition to announcements from local, state, and federal governments, as well as international channels. To share a business or nonprofit story, please send us a message.

Low interest rates, government payments fuel land values

Dec 15, 2020 Farmland values were up 2% from a year earlier in the third quarter in the Seventh Federal Reserve District, according to the November 2020 AgLetter (available for download below). Lower interest rates, additional government payments and rising agricultural prices aided the price increase. However, values for good agricultural land were the same in the third quarter of 2020 as in the second quarter, according to the 144 bankers who responded to the Oct. 1 survey. A majority of respondents, 82%, anticipated the district s farmland values would be stable in the fourth quarter of 2020. The 2% increase in land value was a surprise as the district hadn t seen that large of an increase during the past six years. Indiana reported a 6% jump in farmland value and Wisconsin reported a 3% increase.

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