The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Mike Walsten has covered major business trends in agriculture for more than 40 years.
The value of an acre of Iowa farmland rose 15.9% this year, according to the annual Iowa State University survey released today. The survey found an average acre rose $693 to a value of $5,064. The survey results are based on November 1. The survey found the highest crop reporting district was the northwest district which reported an average value of $6,356 per acre. The lowest crop reporting district was the south central which listed an average price of $2,690 per acre. The highest county was O'Brien which listed an average value of $7,148 per acre. The lowest county, according to the survey, was Decatur, which listed an annual price of $2,085 per acre.
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