Due to low commodity prices, Iowa farmland values fall almost 9%

Iowa Farm

Des Moines, Iowa – RadioIowa – A survey from the Iowa Realtors Land Institute shows farmland values dropped almost nine-percent from a year ago. Iowa’s average farmland value is now just under 65-hundred dollars an acre. In September of 2013, the average acre was worth 87-hundred-50 dollars. Kyle Hansen, at Hertz Real Estate Services in Nevada, says the decrease is tied to lower commodity prices.

He says their projections indicate farmland values will continue on the down-swing for perhaps another year.

Hansen says the strongest farmland values in Iowa are still in the northwest, where there was a three-percent decrease.

He says the largest drop in farmland values was in southwest Iowa.

About Chris Berg 1089 Articles
Chris was born in Webster City and raised in Charles City. As a young kid, he would always be caught singing along to songs on the radio. He says he's good at karaoke but we think otherwise. ;) In his free time, he enjoys beginning new projects at home and hardly ever finishing them. Chris lives in Charles City with his wife Vicki and a daughter Brynlee.