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Land values fall, sales slow as farmers show caution

Land values fall, sales slow as farmers show caution

Iowa crop land values fell 3.7 percent during the past six months, continuing a downturn that began after land prices peaked in 2013, according to the Iowa Realtors Land Institute.

"For the most part, it’s a very uniform reduction across the state," said land values survey coordinator Kyle Hansen, an agent with Hertz Real Estate Services.

All nine Iowa crop-reporting districts showed a decrease in the average land values, ranging from 1.9 percent in west-central Iowa to 5.4 percent in the south-central district.

However, the south-central district showed an increase in prices for low-quality land, which Hansen said is likely due to competition for pasture land. High ...




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