Farmland values are continuing to sink as farmers adjust to lower crop and livestock prices, according to a new Iowa Realtors Land Institute land values survey.

"We’re seeing both crop prices and livestock prices affecting what’s taken place in the market," said Kyle Hansen, an agent with Hertz Real Estate Services and chairman of the realtor’s survey.

The March 2016 survey re­­leased last week showed tillable cropland values declined 5 percent in the past six months and 8.7 percent compared to a year ago, reported Hansen.

Members Only Content

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