The Iowa REALTORS Land Institute September farmland survey released Thursday finds a small drop in value. The Institute’s Elliott Siefert discussed the results.
He says the small change comes in the lower quality ground.
He says northwest Iowa was the region with the biggest drop.
Siefert says when you expand to look at the 12-month view, there’s not much difference in values either.
The Institute’s Matt Vegter says there is optimism despite some of the economic issues landowners are facing.
He says the biggest headwind they’re facing is interest rates, which have risen and taken away a little bit of the purchasing power for land buyers.
