Contact Us

Region’s Farmland Values Up 25% Despite Drought

Scott Olson/Getty Images

OMAHA, Neb. (AP) — The average value of farmland in several Midwest and Western states soared 25 percent over last year in the third quarter.

The Federal Reserve Bank of Kansas City, Mo., said Tuesday that bumper crops and strong farm income in northern Plains states, like Nebraska, helped the region overcome drought and flooding.

The Federal Reserve says this new survey of 243 banks showed the largest annual increase in land values in the survey’s history.

The 10th Federal Reserve District covers Kansas, Nebraska, Oklahoma, Wyoming, Colorado, northern New Mexico and western Missouri.

Nebraska farmland values increased the most with a roughly 40 percent jump over the previous year.

The gains were more modest in drought-stricken Oklahoma where nonirrigrated farmland values grew about 11 percent.

More News from K2 Radio

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://k2radio.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on K2 Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on K2 Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!