Kevin Kliesen

Agriculture
9:30 am
Tue August 20, 2013

Midwestern Farmland Values Continue To Rise

Originally published on Mon August 19, 2013 3:22 pm

Even though farm income only saw a slight increase between the second quarters of 2012 and 2013, there continued to be a rapid rise in the value of farmland, according to a new report from the Federal Reserve Bank of St. Louis, which surveyed agricultural banks in parts of seven Midwestern states, including Missouri and Illinois. 

Kevin Kliesen, business economist and research officer with the Fed in St. Louis, says there’s anecdotal reports that some of the money is coming from big, institutional, including foreign, investors.

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