Iowa Farmland Prices Increase 24%

Des Moines Register:

The U.S. Department of Agriculture says Iowa’s cropland value has increased by nearly 24 percent in 2011 over the previous year. The Gazette in Cedar Rapids reports the rise in cropland value in Iowa was the highest in the nation. Nationally, cropland values increased by a little over 9 percent.
The average cropland value in Iowa was $5,700 an acre.

That's pretty high.  Deflationary forces in the economy make me worried about commodity prices, but dollar weakness may lead investors to keep money flowing into commodities.  Personally, I lean toward the deflationary side.