NEWS
Thu Nov 14, 2013 02:27 PM CST

(Dow Jones) -- More Midwestern bankers expect the farm economy to slow as 2013 winds down, according to a Federal Reserve survey, reflecting a sharp drop in grain prices thanks to this year's bumper corn crop.

Farmland prices were seen heading lower even as momentum from last year's record corn and soybean prices helped lift values across farm states such as Illinois and Iowa in the third quarter, according to a quarterly survey from the Federal Reserve Bank of Chicago.

"The respondents' expectations tended to indicate a reversal of fortunes for farmland values," wrote David Oppedahl, senior business economist at ...

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