Farmland Values Fall Almost 9%; Northwest Iowa Values Still Highest

Nevada, Iowa — A survey from the Iowa Realtors Land Institute shows farmland values dropped almost nine-percent from a year ago. Iowa’s average farmland value is now just under 65-hundred dollars an acre.
In September of 2013, the average acre was worth 87-hundred-50 dollars. Kyle Hansen, at Hertz Real Estate Services says the decrease is tied to lower commodity prices.

He says their projections indicate farmland values will continue on the down-swing for perhaps another year.

Hansen says the strongest farmland values in Iowa are still in the northwest, where there was a three-percent decrease.

He says the largest drop in farmland values was in southwest Iowa.

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