FARM BUSINESS NEWS
Iowa Land Values Easing
Elizabeth Williams DTN Special Correspondent
Fri Sep 20, 2013 08:35 AM CDT

DES MOINES (DTN) -- Lower commodity prices, changes in interest rates and this growing season's weather combined to slow the rate of ascent for Iowa farmland prices and a major bank predicts Midwest farmland values could decline even further.

Iowa farmland values climbed only 1.2% on average since last March, according to a Sept. 1 survey released Thursday by the Iowa Realtors Land Institute.

Also released Thursday was a report by Rabobank Food & Agribusiness Research and Advisory group that said looming higher interest rates could lead to a decline of 15% to 20% in farmland values in the U.S. ...

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