Farmers Thriving As Income, Land Value Grow

KSCB News - May 14, 2011 2:50 pm

The Federal Reserve Bank of Kansas City says the farm boom is continuing this year as high crop prices and improved livestock prices combine to drive farm income higher.

The Fed said Friday tha

The Federal Reserve Bank of Kansas City says the farm boom is continuing this year as high crop prices and improved livestock prices combine to drive farm income higher.

The Fed said Friday that robust farm income in region helped
drive cropland values up roughly 20 percent over last year.

The 10th Federal Reserve District, based in Kansas City, Mo.,
covers Kansas, Nebraska, Oklahoma, Wyoming, Colorado, northern New Mexico and western Missouri.

The Federal Reserve says farmers are using their improved income
to invest in land and equipment. Bankers throughout the district
reported an increase in the number of farmers using cash as a down
payment on land purchases.

And demand for loans remained weak in the first quarter because
many farmers had enough cash to cover their production expenses.
t robust farm income in region helped
drive cropland values up roughly 20 percent over last year.

The 10th Federal Reserve District, based in Kansas City, Mo.,
covers Kansas, Nebraska, Oklahoma, Wyoming, Colorado, northern New Mexico and western Missouri.

The Federal Reserve says farmers are using their improved income
to invest in land and equipment. Bankers throughout the district
reported an increase in the number of farmers using cash as a down
payment on land purchases.

And demand for loans remained weak in the first quarter because
many farmers had enough cash to cover their production expenses.

 

Latest Stories

Seward County to Move into Phase 3 of Reopening

Seward County Unified Command, in accordance with the approved plan of the Board of County Commissioners,...

New COVID Numbers for Friday June 5th

The latest statistics released by the KDHE, Seward County Health Department, and surrounding Counties for Friday...

National Beef Donates $10,000 to Bright Futures

National Beef has donated $10,000 to Bright Futures Liberal in an effort to support academic success...