Agricultural land values

For all thoses worried about falling U.S. real estate prices, here is a positive side of the coin: agricultural land prices in the State of Texa have more than doubled since 2003.

Agricultural Survey, First Quarter 2012

Federal Reserve Bank of Dallas, 30.03.2012

Real Land Values in the State of Texas

"Agricultural land values generally rose across the board from the prior quarter. Compared with a year ago, irrigated land values rose substantially, up almost 9 percent. Dry cropland and ranchland values were nearly unchanged from last year’s levels. Bankers in the Central Texas region noted that land sales for agricultural purposes remained limited due to oil and gas activity in the Eagle Ford Shale area."