Source: Chuck Abbott, SUCCESSFUL FARMING, 5/20/22


Persistently strong commodity prices in the opening months of the year fueled a sharp growth in farmland values throughout the Midwest and Plains, said a Federal Reserve report on Thursday. “Similar to the previous quarter, the value of nonirrigated cropland rose by more than 20% from a year ago in Federal Reserve Districts with a large agricultural concentration,” said the quarterly Ag Finance Update.

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