News: Story County Iowa Farmland Sells For $17,000 an acre

January 6, 2013

News this first week in January of a farmland auction in Story County, Iowa fetching $17,000 an acre was significant, more significant than it would have been in a few weeks before. Everybody had wondered how the fiscal cliff would affect farmland, and many bet it would make it a much less attractive investment. A few days into January Congress extended some of the Bush tax cuts leaving capital gains for families making an income of less than $450,000 at 15%.