Iowa Farmland Values Decline, Cash Rent Issues

“Iowa’s average farmland value declined for the third year in a row, down 5.9 percent to $7,183 an acre over the past year. It’s the first time since the 1980s farm crisis that land values have fallen three straight years, according to an Iowa State University report.  An overview of the ISU report noted that, “In general, the results from the 2016 Iowa State University land value survey echo results from other surveys. The Federal Reserve Bank of Chicago reported Iowa land values down 5 percent from October 2015 to October 2016…The USDA reported Iowa farmland values down by 1.9 percent from June 2016 to June 2016.”