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Despite the decline, the average value of Iowa farmland remains 58.3% higher than it was five years ago, the report found. Strong profits helped overcome concerns about the Federal Reserve’s ...
In the 2014-19 downturn, Deere cut roughly 2,470 people from its payroll, based on Iowa and Illinois historical layoff data. ... Average Iowa farmland values fell 6.4% from 2014 to 2019, an annual ...
Iowa's farmland values climbed 3.7% this year over 2022 to average $11,835 per acre, an Iowa State University survey shows. It's the fifth year the statewide average has increased, the survey shows.
Faced with extremely low farm prices, including corn at ten cents a bushel and pork at three cents a pound, some farmers in western Iowa formed the Farmers Holiday Association. [120] This group, which had its greatest strength in the area around Sioux City , tried to withhold farm products from markets.
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. Other negative economic factors included high interest rates, high oil prices and a strong dollar. Record ...
This is lower than the economic impact in Iowa of non-farm manufacturing, which accounts for 22.4% of total value added and 26.5% of total output. [3] Iowa's main agricultural outputs are hogs, corn, soybeans, oats, cattle, eggs and dairy products. Iowa is the nation's largest producer of ethanol and corn.
More: As ag downturn, layoffs continue, Iowa farmland sees first drop in value in five years Farmers earlier resisted sales as corn and soy futures prices sank to 2020 lows this year under ...
As America’s top producer of corn, eggs, and hogs — as well as No. 2 for soybeans — Iowa contributes 10% of America’s food supply despite accounting for less than 1% of its population.