Report shows erosion in Iowa farmland values

Report shows erosion in Iowa farmland values
Iowa’s 2019 average cash rental rate for crop land was $230, the highest in the Midwest, according to a new USDA report

Iowa’s farmland values and cash rental rates continue to sink, bucking the national trend of higher prices, according to a pair of U.S. Department of Agriculture (USDA) reports published last week.

The USDA’s 2019 Land Values report indicates Iowa cropland values fell 0.4% from the previous year to $7,260 per acre, marking the fifth consecutive year that land values in Iowa have declined. In fact,...

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