Iowa farmland values dropped 2.2% over the past year as farmers struggle with low corn and soybean prices, high production costs and uncertainty around tariffs.

The REALTORS Land Institute's Iowa Chapter released a report Thursday, Sept. 11, showing the statewide average value declined to $10,371 per acre on all tillable land in the yearlong period ending Sept. 1. Values fell 1% from September 2024 to March and 1.2% from March to this September, based on a survey of about 150 Iowa agricultural land professionals.

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