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Iowa farmland prices increased nearly 24 percent in 2012 - to more than 8000 dollars an acre, according to the annual Iowa Land Value survey compiled by Iowa State University.
Prices are predicted to rise again this year, making it the third-straight of farmland values rising more than 15 percent. Beginning farmers, and those who want to continue the family operation, are being priced out of the market. But there is a way to get around these record prices, and it will be discussed at the Practical Farmers of Iowa’s conference this week, January 10th through the 12th. Farm management consultant Jim Munsch is one of the speakers at a session focused on transferring the farm to the next generation.
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