MIDWEST CROPLAND PULLS BACK 3 PERCENT IN 2015.

Landreport.com
Reporting that farmland values in the Seventh District
retreated 3 percent last year, matching the
yearly decrease for 2014 and marking the first consecutive annual
decline since the late 1980s. According to the district’s agricultural
newsletter, which was prepared by Senior Business Economist David
Oppedahl from responses submitted by representatives of 199
agricultural banks, the decrease in Corn Belt values was 7.5 percent
from their peak in 2013 to the end of 2015. Although agricultural land
values fell again in 2015, the total corn harvest in the five states that
comprise the Seventh District was the third largest ever; the soybean
harvest was an all-time record, besting the record-setting harvest of
2014. The Seventh District includes all of Iowa, the northern portions
of Illinois and Indiana, the southern portion of Wisconsin, and the
Lower Peninsula of Michigan.