Despite drought, Midwest farmland values still up in second quarter

So even with all of this terribly hot, dry weather we have had all summer, farmland values are still trending upwards. Granted, the increases aren’t as high as usual, but still increases nonetheless! According to the Federal Reserve Bank of Chicago’s AgLetter, Midwest farmland values for the second quarter of 2012 are up 15 percent from last year, and one percent from the first quarter. Iowa has shown the largest increase with an increase of two percent from the first quarter and 24 percent from last year.

Without a doubt (or should I say, “without a drought?”) Iowa farmland is some of the best in the world. I would love to show you what we have to offer here in the Cedar Rapids area, so give me a call!