"Insights" on the Chicago Fed AgLetter Insights

We review some of the key findings from the latest Chicago Federal Reserve AgLetter Insights

Photo by Nathan Anderson on Unsplash

The Chicago Federal Reserve typically issues a quarterly AgLetter Insights article and in the most recent issue, certain items are of interest.

First, the rapid increase in land values in their district has slowed rapidly. After inflation, the increase in land values year-over-year was actually a negative 1%. This quarter is the first quarter out of the last 15 quarters where the nominal increase was less than 2%.