CHICAGO, Feb 15 (Reuters) - The Federal Reserve Bank of Kansas City on Thursday issued its fourth-quarter 2017 report on the agricultural economy for the Tenth Federal Reserve District.
The district includes all or parts of Colorado, Kansas, Missouri, Nebraska, New Mexico, Oklahoma and Wyoming.
* On average, values for all types of farmland declined only 3 percent from a year ago, compared to an annual pace of 5 to 7 percent drop prior to fourth quarter. * Value of irrigated cropland fell 2 percent, compared to 8 percent drop in first quarter 2017. * Land values in western part of district rebounding because of economic improvements in livestock sector. * Of bankers surveyed, most said they expect the number of farmland sales in 2018 to increase over 2017.
To read the report: bit.ly/2HgLleS (Reporting By P.J. Huffstutter)