Farmland market cooling, but no collapse expected

The market for Iowa farmland is showing clear signs of cooling after a decade of sharp price increases. But Mike Duffy, an Iowa State University (ISU) Extension economist who has monitored farmland prices for decades, doesn’t foresee a bursting bubble followed by a free fall in land prices similar to ones that occurred in the farm crisis years of the 1980s or an earlier bust in the 1920s.

"I don’t think a collapse is a high probability," Duffy wrote re¬≠¬≠cently in an article on ISU’s Ag Decision Maker website.

While recent farmland price increases have ...

Members Only Content

Join Iowa Farm Bureau or login to view all members only content and receive other member benefits.