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Iowa, Nebraska, South Dakota land prices

Farm Credit Services of America says cropland prices in Iowa, Nebraska, South Dakota and Wyoming declined somewhat in 2014 but demand remained strong for pastureland.

FCS America tracks sales records every January and July – and its 64 benchmark farms in the four state area.

Cropland prices in the last six months of 2014 fell 7.1 percent in Iowa; 4.8 percent in Nebraska; and 4.6 percent in South Dakota.

Strong livestock prices increased demand for pastureland in each of the four states: Prices for pastureland rose 2/10ths of one-percent in Iowa; 1.7 percent in Wyoming; nearly 5 percent in South Dakota; and, nearly 6 percent in Nebraska.

Farmland prices remain nearly 200 to 300 percent higher in Iowa, Nebraska and South Dakota, compared to 10 years ago.