A new outlook report from Hertz Real Estate has upsetting news for farmers.
According to the report, farmland values are expected to continue to decline, but the pace of the decline should moderate.
It also expects price declines to vary by region as farmers face their lowest net farm incomes since 2009.
For example, the value of an acre of tillable cropland in Iowa is down nearly 4 percent over the last 6 months. The statewide average for high-quality cropland in Iowa is $8,811 an acre, its lowest value since the March 2012 survey.