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Despite a decrease in the value of cropland across the state of Iowa, there continues to be high demand for certain types of land.
The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average decrease of cropland values of 4.2% for the year from March 1, 2013 to March 1, 2014. This follows an increase of 17.1% for the year from March 2012 to March 2013; and an average increase of 23.7% for the year from March 2011 to March 2012. This is the first reported statewide decrease since March 2008 through March 2009.
"Although lower commodity prices have put some downward pressure on low and medium quality farms, we are still seeing strong...
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