Report: Iowa farmland values fell 2.7 percent over past year

DES MOINES, Iowa (AP) — A new report says Iowa farmland values fell 2.7 percent over the past year, in part because of trade disputes.

The Iowa Chapter of the Realtors Land Institute says the decline occurred despite the federal government’s trade bailout program, limited land and higher yields in some parts of Iowa.

The statewide average was nearly $6,800 an acre.

The institute says trade wars with Canada, China, Mexico and other countries tugged on farmland values, especially last fall, as did tightening cash for operations and higher interest rates.

Here in the north-central Iowa crop reporting district, land values according to the report stayed steady between March and September of last year but slipped 2.8 percent between September and this month.

See the report by clicking on this link

SHARE

RELATED CONTENT

Former Mason City Police Department employee pleads guilty to taking prescription drugs from drop-off site Search continues for missing Marshalltown woman who has ties to Mason City Charles City School Board approves new baseball & softball complex Grassley wants Mueller report made public Iowa ag secretary urges farmers to prepare for flooding in north-central Iowa, other parts of state Land owners advised to check with FSA office for flood recovery help