Corn Boom Sends Farmland Value Up Most Since 2012 in Midwest
Corn is planted in a field outside Henry, Illinois.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
The global pandemic isn’t hurting the value of farmland in the heart of the U.S. Corn Belt.
Agriculture land values rose 6% last year, the biggest gain since 2012, across the Seventh Federal Reserve District, a five-state region including all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin. Bankers say more gains are expected this quarter, according to the Chicago Fed’s latest AgLetter.