(Reuters) — Irrigated farmland prices in the central U.S. surged more than 25 percent over the past 12 months despite lower farm income.
Prices paid for irrigated cropland in Kansas, Nebraska, Missouri and Oklahoma jumped 25.2 percent from a year ago, said a report by the Federal Reserve Bank of Kansas City. Non-irrigated cropland rose 18 percent from a year ago, while ranch land rose 14 percent.
