DES MOINES, Iowa (AP) -- A real estate agents group estimates high quality crop land in Iowa is worth $11,515 an acre.
The Realtors Land Institute, made up of people specializing in farm and land sales, management and appraisal, say the average value is up 9.4 percent from September 2012.
The Des Moines Register reports northwest Iowa had the most expensive land, at $13,387 an acre.
Those surveyed were asked to estimate average values as of March 2013.
The soaring prices are due largely to high prices for commodities, such as corn and soybeans, that have put farmers in position to buy land as well as low interest rates.
Information from: The Des Moines Register, http://www.desmoinesregister.com
All content © Copyright 2000 - 2014 WorldNow and WXOW. All Rights Reserved.
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Theresa Wopat at 507-895-9969. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at firstname.lastname@example.org.