AMES, Iowa - The value of farmland in Iowa is up slightly.
An annual survey shows an increase of just under 2 percent per acre in the last year, although the value of farmland across the state is down significantly - 13 percent - from its peak in 2013.
Scott County in eastern Iowa had the highest average value, while Decatur County, in southern Iowa had the lowest.
The price of farmland was helped by low interest rates, strong sales and billions of dollars in federal payments to farmers.
The August derecho and the COVID-19 pandemic were negative factors. The pandemic has led to a lower demand for food and ethanol. Political uncertainly also exerted negative pressure.
The survey from Iowa State University reflects an overall stable market for farmland.