Down But Not Out
Elizabeth Williams DTN Special Correspondent
Wed Feb 11, 2015 06:59 AM CST

WEST DES MOINES, Iowa (DTN) -- In a quick, windshield tour of recent farmland sales, prices are slightly higher than brokers were predicting, having stabilized from lower values this fall. Areas that had good crops in 2014 are showing the strongest moves.

For example, a 300-acre farm in Sangamon County, south of Springfield, Ill., sold in the last few weeks for $14,400 an acre to the current tenant. "That's an incredible number," reported Randy Hertz with Hertz Farm Management, Nevada, Iowa. "But this area had rock-star yields last year where whole farms averaged above 250 bpa corn."

In Tipton County, ...

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