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Farmland values soar during fourth quarter of 2010

With booming farm income and robust demand for farmland, Tenth District farmland values soared in the fourth quarter of 2010, according to the Federal Reserve Bank of Kansas City's Survey of Agricultural Credit Conditions.

Agricultural commodity prices surged in late 2010, boosting farm income, especially for crop and cattle producers. Burgeoning farm profits accelerated cropland and ranchland value gains in the seven-state District, particularly in Kansas and Nebraska. Cropland values posted double-digit gains from year-ago levels, and ranchland values recorded their sharpest increase in two years.

You can read the entire release by clicking here.

 

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