Quad-City Times: Farmland values increased by 22% in the Seventh Federal Reserve District in 2021, according to the Agricultural Newsletter issued Thursday by the Federal Reserve Bank of Chicago. Farmland values increased 7% in the fourth quarter of 2021 alone, according to 147 agricultural bankers who responded to the survey for the Agricultural Newsletter. The Seventh Federal Reserve District consists of Iowa, Illinois, Wisconsin, Indiana and Michigan. Iowa’s farmland values posted the biggest gain out of the five states in the district, climbing 30% during 2021. Indiana’s farmland values rose 22%, while Michigan’s rose 19%, Illinois’ rose 18% and Wisconsin’s gained 12%.