AUDIO: Tim Koch, Farm Credit Services of America
Iowa farmland values show strengthening.
“Year-to-date 2017, our data shows a slight increase in overall values of farmland,” vice president of Farm Credit Services of America Tim Koch says.
Iowa’s increase is a slight anomaly among other states though.
“We track values in South Dakota, Nebraska and Kansas (too). While why haven’t seen big drops in those states but we have seen modest declines or flat prices,” Koch says.
According to Iowa State University’s recent land value you survey, the average statewide value of an acre of farmland is now estimated at $7,326. Koch attended the National Association of Farm Broadcasting convention in Kansas City in early November.