Although the drought’s effects on the Seventh Federal Reserve District lingered, the year-over-year increase in agricultural land values only eased to 13 percent in the third quarter of 2012. In addition, there was a quarterly gain of 5 percent in the value of “good” farmland—actually...

On September 29, 2006, the Federal Reserve Bank of Chicago and the Chicago Council on Global Affairs held a joint conference on the linkages between global competition in agriculture and the Midwest. This conference brought together industry experts and academics involved in agriculture to...

Since 2003, direct payments have accounted for a signifi cant portion of farm program payments. If direct payments were eliminated, many agricultural producers would be affected, both through the loss of income and potential declines in land values and rental rates. This report considers the...