The bull-run on Iowa farmland sales continues to play out in August.............................a new record sale was posted in Iowa Friday, cashing in at $22,600 per acre. That tops the previous record by $300 per acre.
Rothermich says Iowa farmland prices have no top in sight.
He says the last time Iowa saw high prices was in 2012-2014, but he thinks Iowa will exceed those price levels this fall. The record sale on Friday is a sign of that.
“With runup this week in prices, I would say it's signaling for farmers we're going to have a good crop here in Iowa,” he says. “These higher prices this late in the growing season is indicating the farmers are expecting a good crop. It’s telling me we're going to have some good yields here in Iowa and we're going to continue to see the market move up.”
Rothermich says Iowa farmland prices have no top in sight.
He says the last time Iowa saw high prices was in 2012-2014, but he thinks Iowa will exceed those price levels this fall. The record sale on Friday is a sign of that.
“With runup this week in prices, I would say it's signaling for farmers we're going to have a good crop here in Iowa,” he says. “These higher prices this late in the growing season is indicating the farmers are expecting a good crop. It’s telling me we're going to have some good yields here in Iowa and we're going to continue to see the market move up.”