The average value of an acre of farmland in Iowa increased by just over $700 during the past year, to an all-time high of $3,908, according to an annual survey conducted by Iowa State University (ISU) Extension.The increases in values were reported statewide, with the survey recording averages above $5,000 an acre in five counties, and between $4,000 and $5,000 an acre in 51 counties. The land boom is being driven by the developing biofuel economy, according to Mike Duffy, ISU Extension farm economist who conducts the survey.
For a complete report on this topic click on the following news release link.
Kathy S. Schmidt
12/19/2007