“The average value of Iowa farmland declined 6 percent over the past year”
For the first time since the 1980’s farm crisis, Iowa farm values have dropped for the third year in a row.
The Des Moines Register reports that Iowa State’s annual survey of Iowa land values showed that farmland fell by 6% in 2016. On average, Iowa farmland was valued at $7,183 per acre.
Source: Iowa State University via the Des Moines Register