The average value of Oklahoma farmland increased 4 percent to $438 an acre in the first quarter of 1989, marking the ninth consecutive quarterly increase.
The average was the highest since an average price of $459 in the fourth quarter of 1985, according to a survey from the Federal Reserve Bank of Kansas City.
The average value of Oklahoma farmland for the first quarter was up from $421 in the fourth quarter and up 11.7 percent from $392 per acre for the first quarter of 1988.
According to the survey by the Kansas City Federal Reserve Bank:
- Non-irrigated farmland in Oklahoma in the first quarter had a value of $425 per acre, up 2.4 …