AgLetter: August 2008
Last Updated: 08/21/08
Farmland values in the Seventh Federal Reserve District rose faster in the second quarter of 2008—with both a 15 percent increase relative to the second quarter of 2007 and a 3 percent increase relative to the first quarter of 2008. The survey of 202 agricultural bankers covered the period from April 1, 2008, through June 30, 2008. Thirty-five percent more of the responding bankers expected farmland values to move up rather than down in the third quarter of 2008.