Quarterly surveys from Federal Reserve Banks confirm strong gains in farmland values.
Iowa State University survey pegs statewide average cash rent at $256 per acre.
A survey of land pros find Iowa cropland values soared 33% higher versus year earlier.
Annual ISPFMRA survey finds Excellent-quality farmland soaring 26%.
The bull-run on Iowa farmland sales continues to play out in August. Less than two weeks after a farm ground sold for $19,000 per acre in Iowa, a new record sale was posted in Iowa Friday of $22,600 per acre.
