Iowa farmland values fell 8.9 percent in 2014, the biggest drop since 1986, as lower corn and soybean prices reduce farm income, according to an annual Iowa State University (ISU) survey.
However, the steep drop doesn’t mean the bottom is dropping out of the market similar to what happened during the 1980s farm crisis, said long-time Iowa Land Value Survey coordinator Mike Duffy.
“I know that is something a number of people are worried about,” said Duffy, a retired ISU...