ISU economist says key factors contribute to escalating agland prices

November 28, 2022
News

Professor Chad HartProfessor Chad Hart was interviewed by Radio Iowa for the story "ISU economist says key factors contribute to escalating agland prices." The story details the factors leading to high prices for Iowa's farmland, some of which recently sold at a record $30,000 per acre.

Hart told Radio Iowa that higher interest rates are a factor, and that farmland that’s not rated as excellent for raising corn isn’t selling for especially high prices, “so there’s a separation that I think’s occurring right now where high quality land is still attracting those dollars,” Hart says, “where maybe the middle and low quality land may be starting to see some erosion in those values as we look forward.”

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