Journal Article

The Outlook for Farmland Values amid Higher Interest Rates

Abstract: In 2018, the spread between returns to farmland owners and benchmark interest rates narrowed to its lowest level in more than a decade in the Tenth Federal Reserve District. At the same time, farmland sales increased in some states for the first time in several years. Together, the reduced spread and indications of increased sales in some regions suggest the potential for lower farmland values moving forward.

Keywords: Farmland; Interest Rates; Agriculture;

JEL Classification: Q10; Q14;

Access Documents


Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Economic Bulletin

Publication Date: 2019-04-10

Issue: April 10, 2019

Pages: 3