Search
Better Farming OntarioBetter PorkBetter Farming Prairies

Better Farming Ontario Featured Articles

Better Farming Ontario magazine is published 11 times per year. After each edition is published, we share featured articles online.


Farmland prices explode in Iowa

Tuesday, February 1, 2011

Farmland prices are exploding in Iowa and all because of corn and soybean prices, says DesMoinesRegister.com .

Corn is priced 50 per cent higher than in June. Bids of $8,000 (all figures in U.S. dollars) an acre are common. The average appreciation since end of summer is $1,000 an acre, according to the Iowa Realtors Land Institute, which reported an 8.5 per cent increase from a year before.

The Federal Reserve Bank of Chicago reported a 13 per cent rise in farmland values Oct. 1 for the previous 12 months.

Farmers expecting a 40 cent-a-bushel profit on their corn got $2.50. Bankers say loans are being taken out with 55-60 per cent equity, compared to 10-15 per cent in the 1970s and early '80s.

A worry is that a change in either ethanol policy or in federal crop subsidies could dash future profit prospects. Ethanol plants buy the equivalent of half of Iowa's corn. BF

Current Issue

June/July 2025

Better Farming Magazine

Farms.com Breaking News

BF logo

It's farming. And it's better.

 

a Farms.com Company

Subscriptions

Subscriber inquiries, change of address, or USA and international orders, please email: subscriptions@betterfarming.com or call 888-248-4893 x 281.


Article Ideas & Media Releases

Have a story idea or media release? If you want coverage of an ag issue, trend, or company news, please email us.

Follow us on Social Media

 

Sign up to a Farms.com Newsletter

 

DisclaimerPrivacy Policy2025 ©AgMedia Inc. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Back To Top