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(NAFB) – The Federal Reserve Survey of Agricultural Credit Conditions shows that farmland values rose in the third quarter of this year.

The value of non-irrigated cropland rose by at least 12 percent in all of the participating Districts in the survey. The rapid increase was consistent in most states, with annual increases of more than 20 percent in some areas. Supporting farm real estate markets, interest rates on farm loans remained at historic lows, and strong farm finances also led to further improvement in agricultural credit conditions.