Rural Issue

Iowa farmland down 9% in past year

Iowa farmland values fell about three-and-a-half percent over the past six months and are down nearly nine percent in the past year.

That’s according to the latest survey of land values conducted by the Iowa Chapter of Realtors Land Institute.  The group’s chairman, Kyle Hansen with Hertz Farm Management, says the drop is not surprising given the dramatic decrease in commodity prices.

AUDIO: Kyle Hansen (4:53 MP3)

Link to more information on Iowa RLI web site

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