(Ames) There is still a lot of “Coffee Shop Talk” about some northwest Iowa Farmland that recently sold for nearly 22-thousand dollars an acre. I-S-U Ag Economist Mike Duffy cautions, however, those big numbers are unusual.
“We hear about the spectacular sales and we hear about the auctions, and only about 10-percent of the sales are actually auctioned,” stated Duffy.
Duffy releases another farmland value survey next month. He says the early figures are looking very strong once again. Between July of 2011 and July of this year, Iowa farmland values increased and averge of 24-percent.
Iowa Radio Network
November 8, 2012