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“Bleeding” has stopped, finds land value survey

The three-year downtrend in Iowa farmland values appears to have ceased, at least temporarily, according to a survey of AG realtors released March 22.

The average value of Iowa farmland shows a statewide increase of nearly 1% for tillable cropland values from September 2016 to March 2017. Combining this 0.9% increase with the 3.7% decrease reported in September 2016 indicates a statewide average decline of 2.8% for the past 12 months.

“Looking at the nearly 1% increase for the past six months, it appears the bleeding has stopped,” says Kyle Hansen, a realtor Hertz Real Estate Services. He coordinates the survey, conducted twice a year by the Iowa Chapter of Realtors Land Institute.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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