Farm Land on the Rise?
Home values are down Nationwide but farmland is soaring in the struggling real estate market, at least in Iowa.
While the housing market continues to struggle, investors are keeping an eye out on the recent farmland boom. MSNBC has reported that farmland prices in Iowa have skyrocketed more than 30 percent in the last year alone. Is this boom headed to your Market area, time will tell? Remember that Real Estate is always local.
The high demand for farmland seems to be driven from rising grain costs.