Thanks BJohnson. A couple things I found interesting:
*8.9 percent decrease largest decrease since 1986
*Farm income and interest rates will be keys to watch
I feel like prices have some more room to drop over the next couple of years. With the Fed recently announcing they don't...
Maybe if the farm was bought in the last 5 years. You have to remember it was less than a decade ago that $1200/acre bought the whole farm including tillable averaged into it. I personally don't see prices going back to $1200, but $1700 yes.
ISU just released it bi-annual report. I prefer this one as it gives more detail regarding timber, pasture, low quality tillable, etc.
http://www.extension.iastate.edu/agdm/wholefarm/pdf/c2-75.pdf
I have a friend who was issued a landowner tag but shouldn't have been. Two family members unknowingly got a landowner tag (even though they farm thousands of acres, you only get 1). He shot a great buck. DNR realized the mistake, took the deer, and he lost all hunting privileges for a year...
Iowa's dates, ducks especially, have been screwed up for far too long. Luckily I hunt the Mississippi in Illinois' north zone and their dates actually make sense. Iowa has pissed me off to the point I only buy a non-resident Illinois license now and skip Iowa all together.
A 270 acre farm recently sold here in eastern Iowa after being on the market for 2 years. I had my eye on it but it was just too much money with an asking price of around $3500/ac. Very nice "recreational" ground, mature hardwood timber, good fences, 72 acres tillable/hay ground. Sold for...
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