NEWS
Farmland Boom Cooling
Thu May 16, 2013 07:18 AM CDT

(Dow Jones) -- Farmland values in parts of the U.S. Great Plains and the Rocky Mountains continued to rise in the first quarter, but at a more moderate pace, as higher costs and falling commodity prices slowed growth in farm incomes, the Federal Reserve Bank of Kansas City said Wednesday.

The value of non-irrigated farmland rose 19% above year-earlier levels, with the biggest increase coming in portions of Missouri, the bank said in a quarterly report. That put the bank's farmland survey at record levels for the first quarter as a boom in farmland prices continued, fueled in recent years ...

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