Have you heard the news? Farmland values continue to escalate at alarming rates. I’m pretty sure it doesn’t catch you by surprise.
The Ag Letter, published by the Federal Reserve Bank of Chicago, showed a 16 percent increase in farmland values in 2012 for the district. Their district includes Illinois, Indiana, Iowa, Michigan, and Wisconsin. Iowa saw the highest increase, a 20 percent gain from Jan 2012 to Jan 2013.