Farmland values in Winneshiek County and NE Iowa have gone up

A report from Iowa State University concludes that favorable interest rates and government payments have led to higher farm land values in NE Iowa.

A report by Iowa State Extension economist Wendong Zhang concluded that the statewide average value per acre of farmland in Iowa is now $7,559--up from $7,432 in 2019.   Zhang's report says farmland values were falling in the spring, but government programs helped the farm economy to rebound--even in the face of the destructive derecho which hit many counties this summer.  Corn and soybean prices peaked in November, driving the farmland price increase.