Statewide Iowa (RI) — The price of Iowa farmland has only dropped once in the last seven years and that’s likely because the ownership profile hasn’t changed much.
Rabail Chandio oversees the annual ISU extension farmland price survey.
She says farmers are in for the long haul.
Chandio says investing in farmland isn’t playing the stock market.
Chandio says figures from another survey on farmland ownership show 84% of Iowa farmland is owned debt free.
Chandio says the ownership hold on farmland is usually only broken when farmers decide to pass it on to family, or they die.
Chandio says she doesn’t see that sales trends changing anytime soon.
KIWA Staff Photo
