Conflicting Opinions on Land Trends
Marcia Zarley Taylor DTN Executive Editor
Thu Aug 22, 2013 04:33 PM CDT

MANHATTAN, Kan. (DTN) -- After a string of double-digit annual gains this past decade, farmland could be poised to reverse its fortunes. Unfortunately, agriculture's most widely monitored farm real estate surveys will likely lag that reality, Kansas State University economist Mykel Taylor cautioned.

Just last week, three Federal Reserve Bank districts released glowing reports of farmland gains since July 2012. Based on surveys of ag lenders, the Kansas City Federal Reserve concluded that its district's irrigated cropland had surged 25% and non-irrigated land 17% from year-ago levels. The St. Louis Federal Reserve reported that high-quality land in its district surged ...

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