NEWS
DTN Business Blog
Marcia Zarley Taylor DTN Executive Editor
Sun Jul 1, 2007 09:45 PM CDT

As the old saying goes, the best time to buy farmland was yesterday. Or last year. Or 10 years ago. Land in some Corn Belt states registered average annual gains of about 10% through the first quarter of 2007--and this rally comes on a string of double-digit gains for the past five years in Iowa, for example. At one auction held in Webster County, Iowa, last week, a 248-acre parcel sold for a whopping $6,037 an acre--and there were 26 bidders in line, including local neighbors and a mutual fund manager.

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