Federal Reserve Ag Credit Surveys- 2019 First Quarter Farm Economy Conditions

David Oppedahl, a Senior Business Economist at the Chicago Fed, explained in The AgLetter that, “District agricultural land values were the same in the first quarter of 2019 as in the first quarter of 2018, although they did move up 1 percent from the fourth quarter of 2018. Indiana and Iowa saw year-over-year decreases in farmland values, while Illinois and Wisconsin saw no changes.”