Dec. 14 (Bloomberg) -- Farmland values in Iowa, the biggest producer of corn and soybeans, climbed to the highest ever in 2011 on surging farm income, according to an Iowa State University survey of real-estate transactions.

The value of agricultural land surged 32 percent to an average of $6,708 an acre in the year ended Nov. 1, up from a previous all-time high of $5,064 in 2010, the university in Ames, Iowa, said today in a report.

--With assistance from Jeff Wilson in Chicago. Editor: Patrick McKiernan

To contact the reporter on this story: Elizabeth Campbell in Chicago at ecampbell14@bloomberg.net

To contact the editor responsible for this story: Patrick McKiernan at pmckiernan@bloomberg.net