According to the Federal Reserve farmland values appear to have stabilize in the first quarter of 2009.
The increase is promising after a the decline at the end of 2008.
The report released numbers for Colorado, Kansas, Nebraska, Oklahoma, Wyoming, New Mexico and Missouri.
Although overall farmland has increased, nonirrigated farmland did not change and ranchland declined 0.9 percent.
Demand for farmland has decreased with the economic crisis. However, it is important to realize that low rate loans are available today. Farm Plus has many farm loans available. Call 866-929-5585 or visit online to speak with a representative about farm loans today.