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The value of farmland is on the rise because of an increasing demand. Although prices vary based on location and size of parcel, high-quality crop land in the Quad-Cities region and western Illinois is selling for about $8,000 to $9,000 an acre, according toDennis Stolk, of Ruhl & Ruhl's Davenport Farm & Land division. Mr. Stolk said prices can be found on either side of that spectrum, but spring and summer sales have been in excess of $8,000 and acre, with "several now $9,000 and over." That's up from about $5,000 to $6,000 an acre a couple years ago, he said. Iowa farmland increased from about $5,100 an acre to about $5,500 from 2006 to 2010, Shane Johnson, Quad City Area Realtor Association CEO, said. A U.S. Department of Agriculture Land Values Summary released Aug. 4, says the me...
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