The Chicago Fed says despite the pandemic farmland values in the district were the highest in eight years.

Senior business economist David Oppedahl says farmland values increased six percent compared to 2019 in their survey of ag bankers. “It’s really quite an extraordinary change from a year ago and that’s something that will give us a strong start for 2021,” he says.

Land values in the fourth quarter were the highest in Indiana and Wisconsin with overall values up six percent for the District, similar to the third quarter.

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