According to Iowa State University, it’s been a difficult year for farmers — the planting season saw an overabundance of rain and delayed planting, the United States’ trade war with China persisted, skewing both commodity prices and demand, and farm bankruptcies rose to the highest level since 2011.
However, favorable interest rates, strong yields, and limited land supply combined to help drive Iowa’s average farmland values up for only the second time in six years.