Chicago Fed AgLetter Reports Midwest Farmland Values Continued to Soar in First Quarter

CHICAGO - The Chicago Fed's AgLetter reports that farmland values for the Seventh Federal Reserve District in the first quarter of 2022 were 23 percent higher than a year ago.

Values for “good” agricultural land in the first quarter of 2022 were 4 percent higher than in the fourth quarter of 2021.

Looking ahead to the second quarter of 2022, 48 percent of survey respondents anticipated farmland values to rise, 51 percent anticipated them to be stable, and 1 percent anticipated them to fall.

Read the complete May AgLetter here.