Value of county townships falls with lower ag land prices

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By Reed Anfinson
Publisher
Swift County Monitor-News

When Swift County farmland was reaching its peak value in 2015 15 of its 21 townships had assessed market values of over $100 million and one, Dublin, had reached the $200 million mark. Swift County’s total assessed value had reached $2.665 billion.

In 2012, only six townships had a market value of $100 million or more with Dublin Township leading the way at a value of $130.5 million. The other five were Pillsbury, Torning, Cashel, Swenoda and Tara. By the next year, Dublin saw a 52.2 percent increase in its valueto $199.9 million and the number of townships with a value over $100 million had jumped to 11 with Fairfield, Kildare, Marysland, Hayes and West Bank added to the $100 million-plus club.

Those steep climbs in the assessed market values of property in the townships was tied directly to the rapidly rising value of farmland. An extended run of good commodity prices and good yields in the late 2000s and very early 2010s were rapidly accelerating what people were willing to pay for an acre of land. Then the market fell as rapidly as it had climbed....

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