Land values reach record highs sales, says Duffy in DMR article

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A record farmland sale of $21,900 per acre in Sioux County is a fresh example that last summer’s drought has only added more fuel to Iowa’s farmland boom.

“We didn’t get hit as hard as people thought we would last summer,” said Mike Duffy of Iowa State University Extension and author of an annual survey of Iowa farm land prices. Many Iowa farmers had better-than-expected corn yields, despite the worst drought in a half-century.

Read more of the recent Des Moines Register article by Dan Pillar.