DES MOINES — High quality cropland in Iowa is worth $11,515 an acre, a real estate agents group estimated.
The Realtors Land Institute, made up of people specializing in farm and land sales, management and appraisal, said the average value is up 9.4 percent from September 2012. Northwest Iowa had the most expensive land, at $13,387 an acre.
The soaring prices are due largely to high prices for commodities — such as corn and soybeans — that have, along with low interest rates, put farmers in a position to buy land.
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