CHICAGO Feb 13 Quality farmland prices in the
southern Midwest and mid-South region of the U.S. crop belt
edged higher in the fourth quarter, bouncing back from a
third-quarter slide which halted years of gains, the Federal
Reserve Bank of St Louis said on Thursday.
"Quality farmland values across the district averaged $5,868
per acre in the fourth quarter of 2013, which was modestly
higher than the third-quarter average of close to $5,300 per
acre," the bank said in its quarterly survey of 49 district
"When measured against figures from a year earlier, quality
farmland values in the eighth district increased by 12.2
The district comprises state of Arkansas and portions of
Illinois, Indiana, Kentucky, Mississippi, Missouri and
The region is a top producer of corn, soybeans, hogs, winter
wheat and other cash crops.
(Reporting By Christine Stebbins; Editing by Sophie Hares)