Into the stratosphere
Statewide farmland values skyrocket in 2021
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NICK PEDLEY/SENTINEL-NEWS
The value of an acre of Iowa farmland rose steadily in 2021 due to a variety of reasons including increased ethanol demand, higher commodity prices and inflation.
Farmland values in O'Brien and Clay counties exploded over the past year due to positive factors affecting the U.S. ag economy and inflation.
The annual Iowa State Land Value Survey released last month reported a 28.7 percent increase in O'Brien County farmland prices in 2021 and a 30.6 percent increase in Clay County. The report noted surging ethanol demand and higher commodity prices as reasons for the 29 percent statewide increase in farmland values last year, as well as better-than-expected yields and pandemic-related government payments.
The statewide increase was much more than in 202...
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