New record set for price of farmland - KWWL - Eastern Iowa Breaking News, Weather, Closings

New record set for price of farmland

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DES MOINES (KWWL) -

The State of Iowa has set a new record for the price of farmland.

Wednesday, a 74-acre tract near Hull, in Sioux County, sold for $20,000 an acre.

The previous record was set this past October when a 120-acre parcel was sold for $16,750 an acre.  That was also in Sioux County.

Iowa's average per acre price is $6,477, a 30 percent increase over last year.

ISU will release its annual farmland survey Dec. 14.

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