Re: Iowa farmland value up 21% for year ending September 1st!
[ QUOTE ]
Story County, IA
November 7, 2007
80 Acres sold for $476,000 ($5,950/Ac.)
» Click Here For Brochure (PDF
[/ QUOTE ]
By the way, FEI, the majority of Iowa farmland is bought with cash...........but with the increasing price and leverage of land, this is becoming less and less the case each month these days.
The grain markets are incredibly strong right now(soybeans and corn).
Staying with my forecast which is that this land will peak in the summer of 2009 and then level off and go downward for a few years.
|