Farmland: Eye on Iowa

Farmland
When Warren Buffett talks up farmland, it’s time we all took a look. Buffett made the following statement last month while being interviewed by Becky Quick on CNBC’s Squawk Box. Read more

Iowa Farmland Moves Up 13%

January 18, 2011 by  
Filed under Farming, Midwest, Regional News

The Chicago Fed reports that farmland values rose 10% in the Seventh Federal Reserve District, which covers all of Iowa, the southern two-thirds of Wisconsin, the northern half of Illinois, the northern two-thirds of Indiana and the southern three-fourths of Michigan. The biggest year-over-year increase was registered in Iowa, where values were up 13% versus 2009, due in part to the limited supply of top-tier property and strong demand for American crops.

Corn Drives Land Prices Higher and Higher

It’s official. The New York Times proclaimed in August that the market for Midwestern farmland was “hot,” a declaration akin to labeling Hurricane Katrina “dangerous” two weeks after it devastated the Gulf Coast. Anyone remotely familiar with the Corn Belt knows that rural land prices have skyrocketed for several years. Here’s a rundown of some recent figures. Read more