The value of prime Iowa farmland dropped 5 percent in the third quarter from the same period a year ago.
The value of prime Iowa farmland dropped 5 percent in the third quarter from the same period a year ago, according to a report from the Federal Reserve Bank of Chicago. The report is based on a survey of agriculture lenders in Iowa, Illinois, Indiana, Michigan and Wisconsin. For the entire district, land values dropped 3 percent from a year ago. Land values in the district have declined for four consecutive quarters, the first time that has happened since 1986 to 1987, according to the report.
Iowa farmland prices dropped 5 percent in 3rd quarter from a year ago
The value of prime Iowa farmland dropped 5 percent in the third quarter from the same period a year ago, according to a report from the Federal Reserve Bank of Chicago. The report is based on a survey of agriculture lenders in Iowa, Illinois, Indiana, Michigan and Wisconsin. For the entire district, land values dropped 3 percent from a year ago. Land values in the district have declined for four consecutive quarters, the first time that has happened since 1986 to 1987, according to the report.
Iowa farmland prices dropped 5 percent in 3rd quarter from a year ago
The value of prime Iowa farmland dropped 5 percent in the third quarter from the same period a year ago, according to a report from the Federal Reserve Bank of Chicago. The report is based on a survey of agriculture lenders in Iowa, Illinois, Indiana, Michigan and Wisconsin. For the entire district, land values dropped 3 percent from a year ago. Land values in the district have declined for four consecutive quarters, the first time that has happened since 1986 to 1987, according to the report.
