The value of Iowa farmland is up 32.5 percent from last year to a record of over $6,700 an acre.
The Des Moines Register says an annual survey by Iowa State University also shows the percentage increase breaks a 38-year-old record of 31 percent set in 1973.
The survey released Wednesday shows the average price rose from
$5,064 an acre to $6,708 an acre from November 2010 to last month.
Before this year the previous high average, adjusted for inflation, had been $5,770 per acre in 1979,
ISU economist Mike Duffy, who conducts the survey, says farmland
values have surged along with the surge in commodity prices and