Farmland dropped in value per acre in 2014 versus the previous year. Since 1941, Iowa State University in Ames, IA has surveyed land values in each of Iowa’s 99 counties. This year, the responsibility for the survey was transferred to the Center for Agricultural and Rural Development.
The survey results showed that the state of Iowa average value of farmland fell by $773/acre or 8.9% from last year’s record high value. The average acre of Iowa farmland in 2014 is $7,943/acre, but varies from county to county.
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