From AgWeb, March 31:
The value of an average acre of Iowa cropland rocketed an astonishing 14.1% higher in the six-month period ending March 1. That’s according to the semi-annual survey conducted by the Iowa Chapter of the Realtors Land Institute.
“Adding that six-month rise with the 18.9% gain posted from March 1, 2021, to September results in an annual increase of nearly 33%,” says Elliot Siefert, Hertz Real Estate Services, Nevada, Iowa, and co-chair of the survey.
Leading gains is the 19.4% burst posted in the southwest crop reporting district. That is followed by a 16.3% increase in the west central district and a 16.1% in the northwest district. The smallest six-month gain was 10.2% marked by the east central district.....
.... The survey pegs the state-wide value of high-quality cropland at $14,080 an acre, up 14.1% from September; the value of medium-quality cropland at $10,902, up 14.2%; and the value of low-quality cropland at $7,701 an acre, up 13.7%....
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