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Federal Reserve ag credit surveys- 2022 second quarter, farmland values continued to rise
Story Date: 8/16/2022
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Source: CROP PRODUCER, 8/15/22
On Thursday, the Federal Reserve Banks of Chicago, Kansas City and Minneapolis released updates regarding farm income, farmland values and agricultural credit conditions from the second quarter of 2022. Federal Reserve Bank of Chicago David Oppedahl, a Senior Business Economist at the Chicago Fed, explained in the AgLetter that, “At 22 percent, the year-over-year increase in the value of District farmland for the second quarter of 2022 was nearly as large as the year-over-year increase for the first quarter. Indiana and Iowa exhibited the largest year-over-year gains in agricultural land values."
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