Iowa Farmland Values Increase

December 15, 2017 02:06 PM
 
 

Farmland values have been one casualty of the struggling agriculture economy. However, a recent survey from Iowa State University shows farmland values in Iowa have increase $143 per acre to an average price of $7,326. The survey found high quality farmland increased $175 an acre and the highest price paid for farmland in the survey was $10,497 per acre.

While the survey only saw a decline in four of Iowa’s 99 counties, the economists who conducted it warn that it is not an indication the farm economy has “turned the corner.”

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C.K
bad axe, MI
12/18/2017 06:07 AM
 

  The last three sales in mid-Michigan sure fell , they were all under $5,000.00 per acre . Far cry from the 8 to 10 thousand we were seeing the last 5 years. With interest rates rising ,and a new tax break coming, and the economy taking off. Land's really going to drop . The lenders , merchants, and dealers want you to buy into the fact it's going to increase , because there in trouble if it don't . Were in for a massive correction in farm country, just remember new JD and CIH combines trashing crops in Russia on $300.00 an acre ground.

 
 
bill
central ill, IL
12/18/2017 09:03 AM
 

  I agree with you C K had some land sold here for 15 k an acre about 1/12 years ago the less productive ground is going for less then half of that with the feds saying the interest will continue to climb there should be a rude awakening coming in the next 1 to 2 years if we keep producing good crops

 
 
Craig
Kearney, NE
12/18/2017 12:24 PM
 

  You know things are in a bubble when $3.00 corn and $9.00 beans result in an INCREASE in already over valued land instead of a decrease. Thank-you to the Federal Reserve and its success in blowing asset bubbles via way too low interest rates. If we keep producing huge crops, eventually prices will not support high rental rates. At that point reality will set in, and land prices will revert to a value that that level of prices will support. High land prices are not now, and have never been, "farmer" friendly, high property values are mainly "local taxing entity" friendly, plus those high valuations keep the cost of everything that we must purchase to run our businesses more expensive-which is never good in an environment where you need to be a low cost operator.

 
 

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