Midwest Region Farmland Values Up 25-Percent
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Midwest Region Farmland Values Up 25-Percent

Date: November 15, 2011
By: Matt Evans
State Capitol Bureau

Intro: 
The average value of farmland in several states throughout the Midwest and West is up 25% more than last year, despite droughts and flooding.
Runtime:  0:38
Out Cue:  SOC

Wrap: According to a survey by the Federal Reserve Bank of Kansas City, that's the biggest annual increase in land value since it began keeping survey records in 1994. 

Kelly Smith with the Missouri Farm Bureau says Missouri's farmland value has seen steady gains.

Actuality:  SMITH.WAVE
Run Time:  00:11
Description: "Commodity prices have risen over the last few years and because of that I think it has had an effect on land values which have been increasing."

 

Smith says although some farmland values in Northwest and Southeast Missouri have decreased due to severe flooding, most of the state's values continue to rise.

Reporting from Jefferson City, I'm Matt Evans.

Intro: 
Missouri's farmland values continue to rise, despite droughts and flooding. And so does the value of most farmland throughout the Midwest - the region's land value is up 25-percent more than last year.
Runtime:  0:36
Out Cue:  SOC

Wrap: The value of farmland in several Midwest and Western states is up 25-percent from last year, according to a survey released by the Federal Reserve Bank of Kansas City.

That's the biggest annual increase in farmland values since the bank started the survey in 1994.

Kelly Smith with the Missouri Farm Bureau says Missouri's farmland has seen steady gains in value the past few years.

Actuality:  SMITH.WAVE
Run Time:  00:07
Description: "This would be across the state. Whether it's cropland, pasture land, forest, timberland. We have seen values rise."

Smith attributes the rise mostly to rising commodity prices.

Reporting from Jefferson City, I'm Matt Evans.


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