Farmland values continue to rise in NE Iowa

Farmland prices continue to soar in NE Iowa and across the state, according to a survey released Tuesday by the Iowa State University Extension.

The average price of an acre of farmland in Winneshiek County during 2012 was $7,354, according to the survey.  That's a 28 percent increase in values from 2011.

Farmland prices in all adjoining counties--Allamakee, Clayton, Fayette, Chickasaw and Howard--also increased.  The 2012 farmland values ranged from $5,705 an acre in Allamakee County to $8,652 an acre in Fayette County.  The statewide average for farmland value in 2012 was $8,296, according to the survey.

The complete survey can be found at http://www.extension.iastate.edu/topic/landvalue

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