Seventh Federal Reserve District Seven includes Iowa, Michigan, and parts of Michigan, Wisconsin and Indiana.

News Release

CHICAGO – Agricultural land values for the Seventh Federal Reserve District (including much of Indiana) shot up 23 percent in the first quarter of 2022 from a year ago, continuing the recent streak of sharp year-over-year gains.

Furthermore, “good” farmland values in the District increased 4 percent from the fourth quarter of 2021 to the first quarter of 2022, according to the survey responses of 136 District agricultural bankers.

The report was issued by the Federal Reserve Bank of Chicago.

Seventh Federal Reserve District Seven includes Iowa, Michigan, and parts of Michigan, Wisconsin and Indiana.

With demand to purchase agricultural land up yet again this year, there was a larger amount of farmland for sale in the three- to six-month period ending with March 2022 than in the same period ending with March 2021.

Of the five states, Indiana had the highest quarterly increase, but Iowa had the largest annual increase at 28%, according to InsideIndianaBusiness.