NEWS
U.S. Midwest Farmland Values Fall in 1Q
Thu May 15, 2014 10:56 AM CDT

(Dow Jones) -- Farmland values fell in the first quarter across much of the U.S. Midwest, the latest sign of a downturn in the market after a years-long boom driven by rising commodity prices, according to Federal Reserve data.

The average value of agricultural land in the Federal Reserve Bank of St. Louis's district, which includes parts of large corn-growing states Illinois and Indiana, fell 6% in the first quarter compared with the fourth quarter of last year, according to a report from the bank Thursday.

Prices for nonirrigated farmland in the Kansas City Federal Reserve's district, which includes Kansas ...

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