The latest U-S-D-A report estimates the value of Iowa farmland now averages eight-thousand dollars an acre.
Farmland values in Iowa were up nearly two percent in the past two years. The other “corn belt” states of Ohio, Indiana, Illinois and Missouri all failed to see an increase in land values.
The U-S-D-A calculation includes the value of homes and farm buildings, along with pastures and cropland, in its value measurement.
The national average price for farmland is about three thousand dollars. That means the value of farm property in Iowa is more than twice that.
(story courtesy of Radio Iowa)