NEWS
Feds Say Farmland Values Cooling
Fri Nov 15, 2013 01:47 PM CST

(Dow Jones) -- A multiyear run-up in the value of farmland in the U.S. Midwest may be running out of steam, according to the Federal Reserve.

Agricultural bankers expect average cropland prices across the Farm Belt to slide as 2014 approaches because big harvests this fall have driven grain and soybean prices sharply lower, according to separate reports released Friday by the regional Fed banks in St. Louis and Kansas City.

"[B]ankers expect a further erosion in District quality farmland values over the next three months," St. Louis Fed analysts wrote in their report, which identified a 6% decline in ...

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