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

Spencer Man Arrested

handcuffs

A Spencer man is arrested on drug related charges...

in Local

Check Writer Arrested

News Jail1240

A Pocahontas woman is arrested after writing several checks on a closed account...

in Local

Fake Gold Seller Arrested

News Arrest1240 1

An Alta man is arrested after selling fake gold to a pair of victims...

in Local

Law Enforcement Reports

lawenforcement1240

Law Enforcement Reports...

in Local

Top Reasons For Attending Clay County Fair Revealed

ccf1240

Fair Manager Jeremy Parsons runs down the top four reasons given for attending the fair...