Kansas Farmland Price Value Index holding

The Farmland Price index is a monthly index value done by Creighton University and it is number from 0 to 100 and is based up surveys of rural banks in agriculture areas including Kansas. The states in the Farmland Price Index include Colorado, Illinois, Iowa, Kansas, Minnesota, Nebraska, North Dakota, South Dakota and Wyoming.

The overall reading is now 75 which is down from 77.6 last month. A number greater than 50 is indication that land prices are going up. Kansas is higher than the overall reading this month which coincides with the Federal Reserve Bank of Kansas City Fed report indicating that Kansas land values were up again for the first quarter of 2011. However, the prime land sales season is now cooling off as farmers are busy with fall crop plantings and gearing up for wheat harvest. Rents on farmland are also up along with values according to the banker surveys by the Feds. The Dakotas are still very strong with North Dakota at 84.1 the highest price index and South Dakota in second at 80.3 while all the other states are below 80 in the mid to upper 70s range on the index chart.

Chart of Recent Activity of Farmland Price Index for Kansas farmland values

The Confidence Index, which tracks bankers' expectations for the rural economy six months out bounced back up to 64 from its fall to 61 last month.

If you would like more information about Kansas land values in your county please contact us.