Farmland Values Steady

The land market faced downward pressure initially with the onset of the COVID pandemic, which lowered food demand and resulted in declines in livestock and ethanol prices." -- Wendong Zhang, Asst. Professor of Economics, Iowa State University

    STATE -- The value of an acre of Shelby County farmland remained steady, while surrounding counties either remained steady, dropped slightly or increased slightly, according to the annual farmland value survey presented by Iowa State University last week.
    Favorable interest rates, a strong demand for land, and substantial government payments helped stabilize Iowa’s farmland market in a year in which Iowa’s farmers faced the destructive onslaught of a derecho, significant uncertainties in US agricultural trade, and a pandemic that significantly altered market demand.

 

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