Successful Farming asks
Will farmland values in the Seventh Federal Reserve District be higher in the first quarter of 2017 than they were in first quarter of 2016?
Started
Oct 28, 2016 05:00PM UTC
Closed Mar 31, 2017 05:00PM UTC
Closed Mar 31, 2017 05:00PM UTC
Challenges
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Falling commodity prices have prompted a decline in the value of agricultural land (Agriculture.com, CropLife). The Seventh Federal Reserve District, which includes all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin (Federal Reserve Bank of Chicago), saw farmland values decline by 4% in the first quarter of 2016 compared to the same period in 2015. This question will be resolved by data from the Federal Reserve Bank of Chicago (Federal Reserve Bank of Chicago). Changes in land values are reported in the quarterly newsletter and recorded in their historical data as "Seventh District Land Values." Question will be suspended on 31 March 2017 and closed when the data for the first quarter of 2017 are released, typically in May.
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Possible Answer | Correct? | Final Crowd Forecast |
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Yes | 10.00% | |
No | 90.00% |
Crowd Forecast Profile
Participation Level | |
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Number of Forecasters | 246 |
Average for questions older than 6 months: 187 | |
Number of Forecasts | 552 |
Average for questions older than 6 months: 542 |
Accuracy | |
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Participants in this question vs. all forecasters | average |