The average value of an acre of farmland in Iowa increased $290 to an all-time high of $3,204 in 2006, according to an annual survey conducted by Iowa State University. This is the fourth year in a row with a new record high, according to Mike Duffy, ISU Extension farm economist who conducts the survey.
The 2006 average value topped a previous record of $2,914 reported last year, and it represented a 10 percent increase statewide over the 2005 average and the first time the average value of an acre of land in Iowa topped $3,000. For more information see the Iowa Land Value Survey website.