Illinois farmland values continue at stable levels according to a March 19 report issued by the Illinois Society of Professional Farm Managers and Rural Appraisers (ISPFMRA).
The number of bankers reporting third quarter declines was larger than 3 months ago and they expect farm income and expenditures to decline again in the fourth quarter.
Agricultural lenders are keeping a close eye on farmer finances, which includes trends in farmland values. Federal Reserve Banks throughout Mid-America are reporting that land values generally trended downward in the second quarter of 2016.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.