Farmland Prices Rise
(KANSAS CITY)--A quarterly review by the Federal Reserve Bank of Kansas City shows farmland prices have bumped up 25 percent over last year. Non-irrigated cropland
values in the district's seven-state area, which includes parts of Missouri, rose 25 percent in the first quarter of 2012, adding to the more than 20 percent gain in 2011. It was the first time the survey counted cropland value hikes of 20 percent for two years in a row.