Lower crop prices push Iowa land prices lower
Iowa farmland values fell 5.4 percent since last September, the first decrease in five years, according to a survey of Iowa farmland realtors.
Lower corn and soybean prices fueled the decrease, according to survey coordinator Kyle Hansen. Both corn and soybean prices are off about $2 per bushel since last summer and crop insurance guarantees for both crops are also significantly lower compared to last year.
"It’s actually a relief to me," said Hansen, an agent with Hertz Real Estate in Nevada. "It shows buyers are looking at...
Members Only Content
Join Iowa Farm Bureau or login to view all members only content and receive other member benefits.