Indiana farmland values continue to rise
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe latest data from the Seventh Federal Reserve District in Chicago shows the value of good quality Indiana farmland continues to skyrocket, climbing 29% year over year. It is the highest increase throughout the Chicago Fed’s Midwest region, which includes all or part of Indiana, Illinois, Iowa, Michigan and Wisconsin.
Indiana’s values also increased 8%, compared to last quarter.
Districtwide, farmland values climbed 20% in the third quarter of 2022 from a year ago, and up 4% compared to the second quarter of 2022.
The data is based interviews with approximately 160 bankers throughout the five-state region that serve a farming clientele.
The Chicago Fed says 25% of the bankers surveyed expect district farmland values will go up again in the fourth quarter of this year, 7% expect them to go down, and about two-thirds of the respondents say prices will remain stable.