U.S. Plains farmland values hold steady in second quarter
Farmland prices in the U.S. central Plains held steady during the second quarter with the prior three months despite lower farm income, the Federal Reserve Bank of Kansas City said on Thursday.
Non-irrigated and irrigated cropland values rose by less than 1 percent from the first quarter and were up some 6 percent from a year earlier, the Kansas City Fed said in its quarterly survey of 218 farm bankers.
However, demand for high-quality pastures from livestock producers kept ranchland values rising. They were up more than 2 percent from the first quarter and 9 percent higher than a year earlier.
The bank's district, which includes Nebraska, Kansas, Oklahoma, Colorado and parts of Missouri, is the leading production area for bread wheat and a major producer of corn, beef, oilseeds and other farm commodities.
- Unmanned aerial vehicles advance agriculture
- Divergent livestock futures highlighted Wednesday's market action
- Update on corn and soybean acreage
- China's cotton growing area, yield expected to decline in 2014
- Farm auction in McLean County, Ill., drew 40 bidders
- Pesticide Safety Education program reaches a 50-year milestone
- Activists fighting Golden Rice even more in 2014
- U.S. GMO labeling foes triple spending in first half of this year
- Source shows half of GMO research is independent
- White House issues veto threat on bill to block WOTUS rule
- Stoller soybean research produces 214 bushels per acre
- USDA invites public comments on climate report