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.”