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Oct. 4, 2021Des Moines, Iowa |  By: AP

Farmland value increasing in Iowa, survey finds

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DES MOINES, Iowa (AP) - Farmland values are rising sharply in Iowa, according to a semi-annual survey of real estate agents.

The Daily Nonpareil in Council Bluffs reports that the survey released this weeks shows that tillable farmland value increased by 18.8% over the past six months.

The statewide average value of $12,182 per acre compared to a value of $10,221 per acre in March.

The September survey by the Realtors Land Institute's Iowa chapter indicated that the year-over-year increase totaled 26.6%. RLI spokesman Matt Vegte called the value "pretty hefty for Iowa ag land."