Indiana farmland values continue to rise.
Recent data from the Seventh Federal Reserve District in Chicago shows that the value of good quality Indiana farmland continues to soar, increasing 29% year over year.
Inside Indiana Business reports that it’s the highest increase in the midwest region.
Farmland values in Indiana also increased 8%, compared to last quarter.
The data comes from interviews with bankers throughout the region. A majority of them expect prices to remain stable in the fourth quarter.