12-15-2010 03:59 PM
Just checked out some of Mike Duffy's remarks from this morning's ISU Extension announcement on farmland values. Double-digit gains across the board for the state, with 2 counties topping the $7,000/acre mark (both in northwest Iowa).
Duffy's pretty adamant that we're not heading toward a land values crash like the early 1980s (mostly because of debt levels).
This is a pretty sharp turnaround from last year at this time, when most of the state was looking at slightly lower values from the year before. So, do values like these seem reasonable to you?
Anyway, here's more from today's announcement, including a link to more specifics from this year's survey. Curious to hear your thoughts!