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Iowa farmland values up nearly 7 percentDES 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 Date: 9/23/08
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