16-05-2014 01:42 AM | USA

U.S. farmland values fall in first quarter

Farmland values fell in the first quarter across much of the Midwest, the latest sign of a downturn in the market after a yearslong boom driven by rising commodity prices, according to Federal Reserve reports Thursday.

The average value of agricultural land in the Federal Reserve Bank of St. Louis's district, which includes parts of large corn-growing states Illinois and Indiana, fell 6% in the first quarter compared with the fourth quarter of last year, the bank said.
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