Farmland Boom Weakening
Thu Feb 13, 2014 04:52 PM CST

(Dow Jones) -- Prices for agricultural land in some key states in the U.S. Farm Belt last year grew at the slowest pace in four years, according to a quarterly report Thursday from the Federal Reserve Bank of Chicago.

Values for farmland in the Chicago Fed's district -- which includes all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin, rose 5% in 2013, the report showed, down from 16% growth in 2012. Last year's growth was the slowest pace since 2009 and the second slowest in the past decade, the bank said.

Farmland values in the ...

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