Iowa farmland values up nearly 7 percent

DES MOINES, Iowa (AP)--The value of Iowa farmland is up nearly 7 percent in the past six months, largely due to record commodity prices.

A survey by the Iowa Farm and Land Realtors released on Sept. 16 shows farmland values rose 6.6 percent since the last survey in March.

Troy Louwagie, a land consultant with Hertz Real Estate Services, says a continuation of those prices will determine how long the increase continues.

The statewide average for high quality cropland in the survey in September was $5,619 per acre, up from $5,223 in March.

Northeast and southwest Iowa showed the greatest gain in land values since March, at 8.5 percent and 8.7 percent respectively.

9/29/08
6 Star Midwest Ag\15-B

Date: 9/23/08

Click for related articles

Spring barley harvest near completion
The complicated life of an Arkansas farmer
Timely inspections help produce industry thrive
USGC- Sorghum production up, corn crop second-largest
U.S. producers positioned to help feed global food, feed demand
Warm weather helps fields dry

article 2008- 40 - Iowafarmlandvaluesupnearly7.cfm

Article: Iowa farmland values up nearly 7 percent Add Your Comment To post a comment on this story, enter your screen name and email address then click "Add Comment." Your email address will not be displayed. 38 Recommend | 0 Comments

---

	Web hpj.com

Copyright/Privacy
Copyright 1995-2009.  High Plains Publishers, Inc.  All rights reserved.  Any republishing of these pages, including electronic reproduction of the editorial archives or classified advertising, is strictly prohibited. If you have questions or comments you can reach us at High Plains Journal 1500 E. Wyatt Earp Blvd., P.O. Box 760, Dodge City, KS 67801 or call 1-800-452-7171. Email: webmaster@hpj.com