The following writing by Teri Gafford was published by the Federal Reserve Bank of Atlanta today. Her summary of their Birmingham Branch’s recent agricultural meeting is insightful and points to a few emerging trends, some of which apply to areas other than the Southeastern U.S., too.—K.M. Food for Thought I admit it. No matter how [...]
Last year’s drought, the worst in the Midwest since 1988, did not deter farmland price appreciation in 2012. Tenth District In the 4th Quarter of 2012, irrigated farmland jumped 13 percent in the Federal Reserve Bank of Kansas City’s District which includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, the northern half of New Mexico and the [...]
Annual price increases 3rd Quarter 2012 The above map showing third quarter 2012 price appreciation (from the prior year) of non-irrigated farmland was released in a new report from the Federal Reserve Bank of Kansas City. From the report: Surging farmland values strengthened farm balance sheets in 2012. In 2011, farmland values soared nationwide, fueled [...]
