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Midwest Farmland Prices Rise Tied to Corn Demand
A survey of 600 agricultural bankers in Iowa Illinois Wisconsin Indiana and Michigan shows Midwest farmland prices rising 7 percent since January with Wisconsin up 7 percent and Iowa up 4 percent while Illinois Indiana and Michigan show smaller gains. Prices are linked to higher commodity prices with cattle hogs corn and soybeans at high levels. The average acre values cited range around 1250 to 1400 dollars in Iowa, and bankers note land is a thin volatile market with low turnover and limited foreign purchase activity.
MENTIONED IN THIS ARTICLE
Charles J. Abbott
United Press International
Midwest
Iowa
Illinois
Wisconsin
Indiana
Michigan
Federal Reserve Bank of Chicago
Don Langford
Robert Lounsberry
Hawkeye
U.S. Department of
Iowa State University
Reserve Bank
Gary Benjamin
Benjamin
Lounsberry