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Archive for Tuesday, February 15, 2011

Farmland values continue rising in Kansas, surrounding states

February 15, 2011

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— The Federal Reserve Bank of Kansas City says farmland values continued to rise during the fourth quarter because of strong demand from farmers and investors.

The biggest increases came in Kansas, where dryland areas jumped nearly 20 percent, irrigated land increased 18 percent and ranchland jumped 14 percent. Nebraska saw similar increases with irrigated and dryland values soaring 18 percent and ranchland increasing 13 percent.

The Federal Reserve says farm income remained strong in the last three months of 2010.

Across the entire district, irrigated land increased 15 percent, dryland value grew 13 percent and ranchland rose 9 percent, on average.

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

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