Between 1994 and 2004, real values increased between 2 and 4 percent annually, and in 2005 and 2006 experienced sharp annual increases of 16 percent and 11 percent respectively, before slowing to 7 percent and 6 percent annual growth in 2007 and 2008.
source: usda
A recent sale of high quality farmland in central Iowa:
ReplyDeleteAuction Results
Story County, IA
July 28, 2011
• Parcel 1 - 70.2 acres sold for $596,700 ($8,500/A)
• Parcel 2 - 100 acres sold for $605,000 ($6,050/A)
Parcel 1 was all tillable, CSR 84, $101/CSR point.
Parcel 2 had only 77 acres tillable, CSR 82 on the tillable acres, $100/csr point tillable.
Source:
http://www.hfmgt.com/divisions/realestate/auctions.php#results
DB
ReplyDeleteThanks for contributing this note and for dropping by!