Iowa Land Values Take a Hit
Elizabeth Williams DTN Special Correspondent
Wed Apr 1, 2015 12:57 PM CDT

AMES, Iowa (DTN) -- Iowa farmland values slid 7.6% in the past six months, down an average 11% from a year ago, and roughly back to the level they were in 2012, reported a survey by the Iowa Realtors Land Institute Monday.

A correction in land is not necessarily a bad thing, noted some farmland realtors. "It recognizes the current economic situation, and [the drop in values] is not debt-driven. Farmland is still in strong hands," explained Roger Johnson with Farmers National Company in Cedar Falls.

One bright spot in the survey: Pasture land held its value or slightly improved ...

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