The Chicago Fed is reporting the largest rise in farmland values in the past decade.
Senior business economist David Oppedahl tells Brownfield values in 2021 were up 22 percent with Iowa seeing the largest gains.
“Iowa was a 30 percent increase from a year ago,” he says. “Indiana was right at the average of 22 percent.”
Farmland values in Michigan were up 19 percent, Illinois 18 percent, and Wisconsin 12 percent year over year.
