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News Brief

March 14, 2019 |  By: AP

Iowa farmland values fall

A new report says Iowa farmland values fell 2.7 percent
over the past year, in part because of trade disputes.

The Iowa Chapter of the Realtors Land Institute says the decline occurred
despite federal government's trade bailout program, limited land and higher
yields in some parts of Iowa.

The statewide average was nearly $6,800 an acre.

The institute says trade wars with Canada, China, Mexico and other countries
tugged on farmland values, especially last fall, as did tightening cash for
operations, and higher interest rates.