Wednesday, November 19, 2008

FARMLAND VALUES CONTIUE TO INCREASE IN VALUE

(AP) -- The Federal Reserve says the value of cropland in the Plains region jumped 20% in the third quarter compared to the same time a year ago. The Federal Reserve Bank of Kansas City's report released Monday covers Colorado, Kansas, Nebraska, Oklahoma, Wyoming and parts of New Mexico and Missouri. It estimates how much land values have increased over a year, but the report doesn't include an estimated price per acre. The value of Nebraska farmland increased the most in the region. Non-irrigated land jumped 28%, irrigated land gained 26% and ranchland gained 17%.