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Some Eastern Iowa Farmland Values Up Despite Statewide Decline

Posted: Monday, December 21st, 2009 at 5:56 am
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While the average statewide value of farm land in Iowa declined this year, many counties in eastern Iowa saw an increase. ISU Extension Regional Director Gene Mohling says in particular, areas along the Mississippi say an upswing. Farmland values dropped in Washington County, on average, 100 dollars per acre. Mohling says the price is still competitive at roughly 47-hundred dollars per acre. Mohling says the statewide decline shouldn’t be cause for alarm. He says it’s likely a period of adjustment following last year’s high commodity prices.