Survey Says: Iowa Land Values Are On The Rise

All 12 months, now we have been telling you about farmland on the market in Iowa. We appeared into record-breaking gross sales, seasonal listings, and even just a few farm properties with distinctive options.

In 2021, Iowa State College Extension’s Farmland Worth Survey reported a 29% improve to $9,751 per acre in common farmland values in Iowa. That was a rise of $2,192 from information launched in November 2020.

At the moment, December 13^th, Iowa State College launched its 2022 Farmland Worth Survey. In accordance with the info within the survey, the common acre of farmland jumped 17 % to $11,411.

This improve implies that the worth for farmland in Iowa is once more increased than at any level since Iowa State College started surveying values in 1941. In accordance with the report, when adjusting the worth for inflation, the 2022 common surpasses the earlier, inflation-adjusted report worth set in 2013 for the primary time.

Commodity costs have been the primary purpose for land value will increase. Different main influencers have been restricted land provide, and low-interest charges over the summer time performed.  ISU’s Wendong Zhang oversaw the survey.

All 99 counties rose 10 % or extra — so all of it rose between 10 % to about 22 %.

He says that whereas landowners are joyful to see a rise in land worth, many surprise how lengthy it should final.

The best common land values have been reported in northwest Iowa. The area’s 2022 common was $14,878 per acre. O’Brien County had the best county worth at $16,531 per acre.

The bottom common land values have been reported in southcentral Iowa. The area’s 2022 common was $6,824 per acre. Decatur County had the bottom county worth at $5,566 per acre.

In northeast Iowa, the common value per acre in 2022 was up 16.8 % to $11,627. In 2021 the common value per acre was $9,958.

Million Greenback Farm Positioned Exterior Dubuque

Iowa Farm Land Units New County Report