NEWS
Marcia Zarley Taylor DTN Executive Editor
Wed Aug 19, 2015 01:21 PM CDT


Iowa Land Values Bounce

Farmland gloom and doom may be over-rated.

Recently released opinion surveys of farm real estate trends show key Midwest land values stuck in neutral or sliding below 2014 levels. But bankers, farmers and real estate appraisers may be over-reacting.

Actual Iowa land sales in four dozen counties tracked by the Peak Soil Index show good quality farmland surging about $500/acre since May and bouncing past year-ago levels. The index pegs Iowa farmland with a Corn Suitability Rating of 60 worth $8,284/acre, based on a 30-day moving average of actual sales recorded in county court houses. ...

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