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FARMLAND PRICES STEADY DESPITE FALLING CROP PRICES

A plunge in farmland values resembling the 1980s decline “remains unlikely,” with a shortage of acreage for sale helping to support prices, a Federal Reserve economist said Monday. Despite the drop in prices for corn, soybeans and wheat, land values haven’t fallen as much because of low interest rates, limited supply and generally favorable balance sheets for many producers, as reported by the Des Moines Register.

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