Browse Tag: Nebraska

Drought Fueling Surge In Farmland Prices

Drought
Source: CNN

On top of a doubling over the last five years, plains states farmland prices have risen 26% in the quarter ending June 30.  Current drought conditions are slowing the market down somewhat, but what’s the long-term picture for agriculture?

A report of survey published this week by the Kansas City Federal Reserve Bank  noted that farmland values across its region rose less than 3% versus the prior quarter, half the rate seen earlier this year. More than 75% of the survey’s respondents expected farmland values to stay roughly flat for the rest of the growing season, which ends in early fall.

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