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Farmland values rise with crop prices

According to a survey done by the Federal Reserve Bank of Kansas City last week, for the first time in the history of the survey the annual value of the seven-state District cropland rose more than 20 percent for two consecutive years.

Crop prices are rising and drought conditions are easing, causing district farm income to increase sharply in the first quarter. The mild winter and steady amount of rain brings hope for income prospects in Oklahoma and Kansas.

Also, agricultural producers are continually paying down debt and are using more cash toward operating expenses, capital spending and farmland purchases.

To view the survey results, click here.

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