Midwest Farm Prices Rise 10 Percent
Midwest farm prices rose 10 percent compared to the third quarter a year ago, the Federal Reserve Bank of Chicago said Thursday. The Fed attributed the increase to rising agricultural prices and low interest rates.

"Just two years after a string of double-digit increases, district farmland values increased 10 percent in the third quarter of 2010 relative to the same period last year," the Chicago Fed said in its quarterly survey of 227 agricultural bankers in the five-state area.

"With the value of 'good' agricultural land rising so quickly, there were reports of more farms put up for sale than in recent quarters," the bank said.

Source: Reuters News (11/18/2010)