Farmland values in Iowa have dipped for the second year in a row according to the U.S.D.A. The U-S-D-A’s National Agricultural Statistics Services estimates the average price for Iowa “cropland” is now eight-thousand dollars ($8,000) an acre. That’s a nearly two-and-a-half percent decline from 2015. Experts say the drop is fueled by low commodity prices. The average price for Iowa land used as pasture for livestock is 34-hundred dollars, unchanged from a year ago.

A spring survey of realtors who sell Iowa farmland indicated a bigger drop in the price for Iowa cropland, of nearly nine percent. The U.S.D.A.’s report concluded the total value for farm real estate in Iowa is 244 TRILLION dollars. That’s the value of all the agland as well as the barns and farmhouses in Iowa.

The RENTAL price for cropland in Iowa averaged 235-dollars ($235) an acre for this growing season. That’s down 15 dollars an acre from a year ago.

(Radio Iowa)