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

Horizons Unlimited Recycling Ending

Horizons

Horizons Unlimited in Emmetsburg will stop recycling...

in Local

Sanders In Northwest Iowa

Bernie Sanders

Democratic presidential candidate Bernie Sanders was in northwest Iowa Friday.

in Local

Lottery Money To Veterans

Iowa Lottery

A change in Iowa law directs the Iowa Lottery to send two-and-half million dollars each year to the Iowa Veterans Trust Fund...

in Local

Marijuana Arrests

handcuffs

Two from Cherokee are jailed on drug related charges...

in Local

Kossuth House Explosion

policelights

Authorities respond to an explosion in a house...