The Iowa Realtors Land Institute’s six-month farmland survey is showing a close to 9-percent decrease in values verses a year ago. Iowa’s average farmland value through this month was just under $6,500 an acre, a 25-percent drop from the record high of $8,750 in September of 2013. Kyle Hansen with Hertz Real Estate Services of Nevada is with the institute. He says the loss in value is directly tied to the depressed grain markets.

He says their projecting that farmland values will continue to weaken the next six to twelve months with big corn and soybean crops and low prices.

Hansen says the strongest land values continue to be in the northwestern part of the state.

He says the largest farmland value drop was 11.7 percent in southwest Iowa.