DONNELLSON - With farmland values rising so quickly, many people are asking, "Can we afford to pay $12,000 per acre for farmland?"
An agricultural economist with Iowa State University will try to answer the question next month in Burlington.
Mike Duffy will discuss how farming operations can co-exist with high-priced during a Des Moines County Extension meeting from 2:30 to 5 p.m. March 6 at the Burlington Public Library.
Duffy has conducted the Iowa Land Value Survey at Iowa State for 27 years.
Last year, farmland value in Iowa rose 20 percent, even while the state was dealing with its worst drought in 25 years. New legislation and its affect on estate planning has driven the price of land as much as the high price of corn.
Roger McEowen, director of the Center for Agricultural Law and Taxation at Iowa State University, also will be participate in the program, discussing recent tax legislation from Washington that resulted from debt ceiling and "fiscal cliff" negotiations.
For those who pre-register before March 4, the program is free. Those who pre-register after March 4 or register at the meeting, it will cost $5. Participants can pre-register by calling the Des Moines County Extension office, (319) 394-9433.