‘Not So Perfect Storm': Sen. Grassley Voices Concern for Slipping Land Values in Iowa

Iowa land values dropped 3% year-over-year. Sen. Chuck Grassley said this discomforting pattern is a harbinger of crisis for farmers, as seen in the 1980s.

WASHINGTON (RFD-TV) — Longtime Senate Ag Committee Member, Senator Chuck Grassley (R-IA), warned other lawmakers that a bit of a crisis is brewing in Iowa, his home state, over land values.

Sen. Grassley said in a floor speech this week that land values are down 3 percent year-over-year in his home state, which he views as an uncomfortable pattern that he has seen play out before.

“In the 1980s, that didn’t happen overnight,” Sen. Grassley said. “It kind of crept up on us very slowly. We don’t want to let that happen again. So, we need to be vigilant today.”

Grassley went on to say that for too long, Congress has waited to act. He is calling on his colleagues to take action and help save family farms.

Related Stories
National Pork Producers Council incoming president Rob Brenneman shares insights from the National Pork Industry Forum in Kansas City, where producers gathered to discuss Farm Bill policy, sustainability, and other priorities for the year ahead.
India trade tensions may affect the U.S. export outlook.
Tariff revenues rarely flow directly back to farmers.
The most common mistake farmers make is waiting until a health crisis occurs to transfer the farm to their children.

LATEST STORIES BY THIS AUTHOR:

Dr. Jeffrey Gold, president of the University of Nebraska-Lincoln, joins us on Rural Health Matters to discuss winter safety reminders and preparedness.
ASFMRA’s Dennis Reyman discusses farmer sentiment, land values, and how global and financial pressures are shaping decision-making in the ag land market.
Richard Gupton of the Agricultural Retailers Association discusses the EPA’s new decision on over-the-top Dicamba and what it means for growers this year.
Mike Spier, president and CEO of U.S. Wheat Associates, discusses the new U.S.-Bangladesh trade agreement and its potential benefits for U.S. wheat growers.
Gretchen Kuck of the National Corn Growers Association joined us to discuss the Ag Coalition for USMCA’s report findings and expectations ahead of the upcoming USMCA review.