The annual Iowa State University survey released Tuesday finds the average price of an acre of farmland set a record again at 11-thousand-411 dollars.
I-S-U’s Wendong Zhang oversees the survey…(audio clip below :25 )
Zhang says the inflation adjusted farmland value was a nearly nine-percent increase — which is also a record….(audio clip below :12 )
The average price per acre of farmland rose in all of Iowa’s 99 counties, and all of the increases were between ten and 22-percent. The average price for an acre of farmland in Buena Vista County increased by 20-percent to $14,709.
The average farmland per acre value also increased 20-percent in Cherokee County to $14,140…Calhoun County jumped 18-percent to $14,059…Clay County rose 20-percent to $13,943…Ida County increased 20-percent to $13,512…Pocahontas County went up 19-percent to $13,961…and the average price of farmland per acre in Sac County went up 20-percent to $14,397.
Zhang says commodity prices are the number one reason those in the survey say prices have increased.
(thanks to Radio Iowa for contributing)
