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Land Resources / Financial / Values
US Plains farmland up despite drop in farm income
Source: Reuters, by Christine Stebbins
The value of farm land in the U.S. Central Plains rose nearly 4 percent in the second quarter as demand for farmland stayed strong from farmers and investors despite lower farm incomes, the Federal Reserve Bank of Kansas City said Friday. August 13, 2010 "Demand for farmland remained solid as buying by both farmers and non-farm investors was active," the Fed said in its quarterly survey of 240 regional bankers.
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