Iowa farmland values rise

Iowa barn

Farmland prices in Iowa and other Midwest states rose sharply in the fourth quarter of 2020 and were higher for the entire year for the first time since 2013, according to a survey of ag bankers.

The quarterly survey showed Iowa farmland prices rose 6% in the fourth quarter of 2020 and were up 5% for the entire year. 

The banker survey also showed “dramatic” improvements in ag credit conditions during the fourth quarter of 2020, with loan repayment rates higher and loan renewals...

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