After seeing farmland sell for $30,000 per acre in northwest Iowa, Pifer’s Auction & Realty and Land Management President Kevin Pifer described the sale as “an aberration that really defies any common sense.” Farmland values have seen a steady increase over the last 15 months. “Land values have increased 40 to 60 percent,” said Pifer. “Even with increasing interest rates, we haven’t seen any softening in the last few months.” Pifer is seeing a promising trend with a lot of 30-to-50 year old people buying farmland.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.