After seeing farm land values in Iowa and the rest of the country hit record high prices, lower commodity prices and high input costs are starting to put downward pressure on the price per acre of farm land.
Here is a graph of all the sales in Kossuth County through the end of 2013 that were above $6,000 per acre and the trend is clearly dropping. Demand is still strong for available land but prices are trending lower.
If you need your farm land appraised give us a call 515.341.3347 Tom.