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

11 hours ago in Local

Northwestern College News

northwestern college

Northwestern College has hired on for a vice president of academic affairs position, and heads toward graduation.

12 hours ago in Local

Emmetsburg Fire Damages Offices

Fire1240

A fire caused by an malfunctioning electric wall heater damaged multiple city offices in Emmetsburg.

14 hours ago in Local

Legislative Session Concludes

statehouse

The Iowa Legislature has adjourned its 2016 legislative session

14 hours ago in Local

Everly Fatal Accident

Car Accident 1280

An Everly man is dead after a single vehicle accident.

1 day ago in Local

Avenue of Flags Dedications

News CitySpencer1240

Dedications are being accepted for the Avenue of Flags in Spencer.