USDA Says Iowa's Cropland Value Soars in 2011

By: Associated Press Email
By: Associated Press Email

The U.S. Department of Agriculture says Iowa's cropland value has increased by nearly 24 percent in 2011 over the previous year.

The Gazette in Cedar Rapids reports the rise in cropland value in Iowa was the highest in the nation. Nationally, cropland values increased by a little over 9 percent.

The average cropland value in Iowa was $5,700 an acre.

Iowa State University economist Mike Duffy says the increased
value isn't surprising due to low interest rates and high prices
for corn and soybeans.

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