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The value of irrigated farmland in the Kansas City Fed's district jumps nearly 15% in Q4 from a...

The value of irrigated farmland in the Kansas City Fed's district jumps nearly 15% in Q4 from a year earlier. One red flag: cash rental rates rise just 6%, making much of the 15% pop a speculative bet, and maybe a reason banks are tightening lending standards. Full report here.
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