(Mason City) The number of farmland sales tapered off at the start of the year.
Benchmark Agribusiness Officials from northern Iowa say that between Labor Day and the end of 2012, about 100 farmland auctions were held in Northern Iowa. Officials are aware of only seven this year.
The fast pace of sales last fall was caused by worries of pending tax law changes, low interest rates and high farmland values.
The average value of Iowa farmland rose 24-percent to $8,300 and acre at the end of 2012. Some farmland near Mason City brought county record price of $15,540.00 and acre.
February 4, 2013