February 2017 Wallace’s Farmer “MarketPlace Extra”
The Iowa farmland market continues a downward trend that started in the spring of 2013. The trend turned a little sideways, with a slight uptick, early this winter. The strongest values within the market continue to be for high-quality farms (those with excellent soils and drainage), as well as for farms located adjacent to strong farmland owners. When it comes to farmland for sale, “who the neighbors are” can significantly influence the sale price.
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Wall Street Executive Invests in Iowa Farmland
After 30 years with The Wall Street Journal, William Dunn knew about investments. However, his colleagues were more comfortable with stocks and bonds or commercial real estate. It actually took a conversation over a pork chop dinner back in his home state to start Dunn’s investment in Iowa farmland.
