US DATA: Chicago Fed’s Nov farmland update – ” At 25 percent, the
year-over-year gain in agricultural land values in the third quarter of
2011 for the Seventh Federal Reserve District was the largest in just
over three decades. Moreover, at 7 percent, the quarterly increase in
the value of good farmland matched the highest since the late 1970s.
According to the 216 bankers who responded to the October 1 survey,
agricultural land values were poised to rise in the fourth quarter of
2011 as well.”