U.S. farmland values continued to climb in the first quarter, with the price of cropland in the heart of the Great Plains rising 20% in the first quarter, the Federal Reserve Bank of Kansas City said Friday.
High commodity prices and lack of good farmland for sale have kept prices paid for Illinois farmland on its continued upward trek, according to the report issued at the 2011 Illinois Farmland Values Conference held here today.
Ag bankers in the Federal Reserve Bank's Kansas City district say the overall farm economy remains solid, despite continued weakness in the hog and dairy sectors.
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