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

Law Enforcement Report

Fresh
lawenforcement1240

A report of area crimes and incidents; updated throughout the day.

in Local

Little Big Town Show On For Clay County Fair

Updated
Little Big Town DL

The Little Big Town show remains planned as scheduled for the 2015 Clay County Fair.

in Local

Osceola County Accident

Car Accident 1280

A Sibley man was taken to the hospital following a weekend motorcycle versus jeep accident.

in Local

Okoboji Bible Conference

bible

The annual Okoboji Bible Conference is set to kickoff this weekend.

in Local

Hospitalist Program To Be Offered At Spencer Hospital

News Hospital1240

The Spencer Hospital is launching a hospitalist program.