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...

Credit plays a critical role in the agricultural sector, but many studies suggest that farmers are credit constrained. We examine the degree to which changes in non-real estate agricultural loans at commercial banks are driven by changes in supply and demand, using information provided by...

On October 2, 2008, the Federal Reserve Bank of Chicago held a conference that focused on the economic impacts of volatile agricultural prices and food policy, especially their intersection with the macroeconomy through food price inflation.

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...