This document presents a comparison of farmland values and interest rates over time, highlighting the impact of economic events such as the Savings and Loan crisis in the mid-1980s on U.S. agriculture. It includes a table showing farmland values per acre and interest rates from 1970 to 2014, adjusted for inflation using the GDP chain-type price index. The document discusses the farm crisis of the 1980s, characterized by declining farm income, reduced export demand, and decreased real estate values, exacerbated by high debt levels and interest rates. It contrasts these conditions with the current economic environment of low interest rates and moderate leverage levels.
doj/DataSet10/EFTA01384976.pdf
{"title":"Farmland Values vs. Interest Rates","document_type":"tabular","key_locations":["U.S.","Soviet Union"],"key_organizations":["USDA","U.S. Bureau of Labor Statistics","Bloomberg","Bureau of Economic Analysis","Department of Commerce"],"reference_numbers":["DB-SDNY-0085716","SDNY_GM_00231900","EFTA01384976"]}