News

Iowa Farmland Value

Iowa Farmland Value

Photo: clipart.com

DUBUQUE, Iowa (AP) — A survey shows the value of Iowa cropland has dropped for the first time since 2009.

The Dubuque Telegraph Herald reports (http://bit.ly/PN6OjK ) the survey from the Iowa Realtors Land Institute shows the value of tillable cropland fell by 5.4 percent in the past six months. The report found the average price of high-quality farmland was $11,104 an acre, a drop of $570 from the last survey released in September.

The survey showed declines in all nine regions of the state, with the largest drop in southeast Iowa.

Reasons for the decline include lower commodity prices, higher input costs and increasing interest rates.

Prices for Iowa farmland have more than doubled in the past five years. Average high-quality farmland cost $5,297 in 2009 but had soared to $11,515 by 2013.

Local Headlines

in Local

2015 University of Okoboji Winter Games Results

2015 Winter Games

Results From The University of Okoboji Winter Games...

in Local

Alta Felony Assault

News Arrest1240 1

24-year-old Matthew Drew of Alta, was eventually taken to the Mercy Medical Center for his injuries...

in Local

Miss Shamrock Contestants Needed

stpats

To enter any of the pageants contact the St. Pat's Headquarters in Emmetsburg...

in Local

Strong Business Momentum In Spencer

spencermarkedmap

The city of Spencer is riding strong momentum as the business landscape grows...

in Local

Odebolt Home Invasion

News Arrest1240 1

Four are arrested on multiple charges after a break in and assault...