Federal Reserve Bank of Chicago “7th District Land Values up 25% in 2011″

Friday, February 17th, 2012
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Record gains even when adjusted for inflation, no surprise there.  Yesterday the Federal Reseve Bank of Chicago released its figures for 2011 farmland values in the 7th district which includes Iowa, part of Illinois, Wisconsin, Michigan and part of Indiana.  The report says that overall the 7th district gained 25% value in 2011 but slowed with only 4% growth in the 4th quarter of the year.  If you recall Iowa alone gained 32% in 2011 and this report shows us Iowa is ahead of neighbors in land values.  The 4% growth in Q4, while characterized as “slowing” is still growth and when you consider famland values in average years gain 6% per year you can easily see 4% in a quater is still great growth on the investment.  You also have to consider that these are district wide averages and if Iowa gained 32% in 2011 while the whole district gained 25% on average that 4% likely is actaully higher in Iowa given the strong prices land auctions are achieving right now.  To read the report I have uploaded it and you can click the link below to view it.

 Chicago Federal Reserve Farmland Report

 

 

Related Posts on DreamDirt TV:

  1. The Iowa Farmland Bubble “Primed to Burst”
  2. Crazy Question “Are We in a Farmland Real Estate Bubble?”
  3. Farmland Values Continue to Move Higher in Iowa
  4. Iowa Farmland Rental Rates 2012 Survey Results
  5. Should Your Next Investment Be Farmland?

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Real Estate Term: Pocket Listings

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