Federal Reserve Says Farm Income Weaker in 1Q
OMAHA, Neb. (AP) - The Federal Reserve says farm income growth slowed across the Plains and western states in the first quarter as costs increased and the drought lingered.
The nation's central bank branch in Kansas City, Missouri, said Wednesday that the growth in farm income has slowed this year because farmers and ranchers are dealing with higher costs.
Bankers expect farm income to weaken further in the region over during the second quarter.
But land values continued to increase in the first quarter on top of several years of significant growth. Cropland values rose 20 percent over 2012, and ranchland values grew 14 percent.
The 10th Federal Reserve District covers Kansas, Nebraska, Oklahoma, Wyoming, Colorado, northern New Mexico and western Missouri.
© Associated Press
MOST VIEWED STORIES
Cold case investigation leads to Holton warrant
Horton City Clerk's resignation accepted Monday
Effingham owner regains truck following theft, arrest
Former Kickapoo Tribal chairman arrested
Winchester native named as Amberwell CEO
Holton property search concludes with arrest
Mayetta pair arrested on meth, child endangerment charges
Juveniles face charges following Atchison break-in
Rural Horton man charged in alleged beating
Atchison Co's Oswald named honorary bailiff for KS Court
McLouth man injured in Monday wreck
No injuries in early Sunday morning house fire in Falls City
KS prepares for severe weekend weather
Senator Slama on tax relief efforts
Commission approves agreement for budget help
Former AG Schmidt running for KS' 2nd Congressional District
Pawnee City School Board approves personnel changes
Council hears report from golf course
Richardson County accepted into managed call handling program
LATEST STORIES
Severe storms move through NE KS
NVCH receives $415,000 grant for expansion project
KS prepares for severe weekend weather
Richardson County Board approves pay raise for dispatchers
NPPD urges farmers to be safe around power lines
Arbor Day proclaimed in Atchison
Former AG Schmidt running for KS' 2nd Congressional District
Doniphan Co Commission approves overlay projects