NEWS
Corn Belt Land Values Up 16% in 4Q 2012
Thu Feb 14, 2013 04:05 PM CST

(Dow Jones) -- Farmland values in the heart of the U.S. Corn Belt continued to surge in the fourth quarter of 2012, and could climb even further as farmer incomes remain strong, the Federal Reserve Bank of Chicago said Thursday.

The price of "good" farmland during the fourth quarter was up 16% versus a year ago, and climbed 7% during the last three months of the year, the Chicago Fed said. The bank said 2012 marked the third straight year farmland values have climbed substantially, gaining 52% during that time.

Historically high prices for crops such as corn and soybeans ...

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