Farmland values in Winneshiek County increase

(Photo courtesy of Randy Uhl)

The average acre of farmland sold in Winneshiek County in 2013 brought in $7,712.  That's a 4.87 percent increase in price from 2012.
 
The information is part of the latest statewide survey of farmland prices conducted by Iowa State Extension.  The survey placed the average value of Iowa farmland in 2013 at $8,716 per acre, an increase of 5.1 percent from 2012.
 
Iowa State economics professor and extension farm management economist Michael Duffy conducted the survey.  He noted, "The 2013 land value survey shows a market in flux, with strong and weak price sales occurring at the same time…The key question is if this shows the market is going to settle, if it is just pausing before another takeoff in values, or if the market has peaked and due for a correction."