AgLetter: August 2007
Last Updated: 08/24/07
In the Seventh Federal Reserve District, farmland values for the second quarter of 2007 increased 11 percent relative to the second quarter of 2006, and agricultural credit conditions continued to improve. A survey of 263 agricultural bankers from April 1, 2007, to June 30, 2007, indicated that the value of "good" agricultural land in the District was up 2 percent for the quarter. Forty percent more of the responding bankers expected farmland values to move up rather than down in the third quarter.