After record highs, Iowa farmland values drop

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Posted: Saturday, February 15, 2014 12:00 am

DES MOINES (AP) — The Federal Reserve Bank said the value of Iowa's farmland dropped slightly in the final months of 2013, and some expect those declines to continue.

The Federal Reserve's Chicago branch found the average value of “good” farmland in Iowa dropped by 1 percent in the last three months of the year, according to the Des Moines Register. Iowa's land prices dropped by 2 percent for the year.

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