Fueled by increases in livestock and corn prices, the value of Iowa farmland jumped 24.5 percent since March 2010 — the biggest annual increase in more than three decades.
A survey by the Iowa Farm and Land Chapter No. 2 of the Realtors Land Institute shows the average value of all tillable cropland in the state as of this month was $5,708 per acre.
That price comes close to Iowa's all-time, inflation-adjusted high — $5,711 per acre, set in 1979.
The average price has increased 19.7 percent since September, the report showed. The price of corn has doubled and livestock prices are up 25 percent since last fall.
Iowa farmland has more than doubled in value in the past decade and that reflects strong profit years for farmers, especially since the ethanol boom that began in 2005.
Nice work CY
A survey by the Iowa Farm and Land Chapter No. 2 of the Realtors Land Institute shows the average value of all tillable cropland in the state as of this month was $5,708 per acre.
That price comes close to Iowa's all-time, inflation-adjusted high — $5,711 per acre, set in 1979.
The average price has increased 19.7 percent since September, the report showed. The price of corn has doubled and livestock prices are up 25 percent since last fall.
Iowa farmland has more than doubled in value in the past decade and that reflects strong profit years for farmers, especially since the ethanol boom that began in 2005.
Nice work CY
