Iowa Land Gets a Bounce
Marcia Zarley Taylor DTN Executive Editor
Mon Aug 24, 2015 11:34 AM CDT

HADDONFIELD, N.J. (DTN) -- 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 overreacting in areas where crops look great.

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

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