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Iowa farmland values have hit a wall, a new report shows. The decline is blamed on lower farm profits, higher costs and investment competition. As ag downturn, layoffs continue, Iowa farmland sees ...
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Despite rising interest rates and lower farm income, Iowa farmland values averaged a record $11,835 this year, an Iowa State University survey shows Iowa farmland values climb 3.7% in 2023 ...
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Iowa Farmer Today is a weekly newspaper, based in Cedar Rapids, Iowa, that covers Iowa for crop and livestock farmers in the Midwest. Iowa Farmer Today was launched September 8, 1984, [ 1 ] at a time when the tremors of the farm crisis were being felt throughout the Midwest.
The current spread accounts for about three-fourths of the retail price for a market basket of foods, according to USDA. The farm value varies for each type of food; for example, in 2004, it accounted for about 35% of the retail cost of eggs, compared to about 19% for fresh fruit and vegetables, and about 6% for cereal and bakery products.
The United States experienced a major farm crisis during the 1980s. By the mid-1980s, the crisis had reached its peak. Land prices had fallen dramatically leading to record foreclosures. Farm debt for land and equipment purchases soared during the 1970s and early 1980s, doubling between 1978 and 1984.
Selling accelerated in the Midwest in late July as forecasts for hot, dry weather lifted futures to two-week highs, grain dealers said. The gains were short lived, as markets again collapsed to ...