Experts say increase in Iowa farmland values not permanent
September 15, 2017
DES MOINES, Iowa (AP) — Values of Iowa farmland have increased this year, reversing several years of declines, but industry experts say the change likely isn't a signal that the agricultural economy is improving.
Steve Bruere is president of Peoples Co., a farm management and brokerage firm. He told The Des Moines Register that a lack of farms on the market has driven up the value.
Farmland values climbed nearly 3 percent to almost $6,700 an acre for the year ending in September, according to the Realtors Land Institute's Iowa chapter.
The state's increase in farmland value may be tempora...