How about $6,700 per acre for corn land?

henry

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Corn country is getting more expensive ? fast, according to the results of a new study released Dec. 14.With farmers and investors alike bidding up the cost of key acreage used for growing corn, soybeans and other crops, the average value...

Corn country is getting more expensive ? fast, according to the results of a new study released Dec. 14.

With farmers and investors alike bidding up the cost of key acreage used for growing corn, soybeans and other crops, the average value for Iowa farmland has risen 32.5 per cent over the last year to $6,708 per acre ? an all-time high, adjusted for inflation ? according to results of the Iowa Land Value Survey, which was conducted in November.

The rate of gain marks the highest percentage increase ever recorded by the Iowa State University annual survey, and is in line with the findings of a recent Chicago Federal Reserve Bank estimate of a 31 per cent increase in Iowa land values.

Read more at http://agcanada.com/daily/how-about-6700-per-acre-for-corn-land/
 
 
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