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Iowa State University Extension

Farmland value reaches historic $8,296 statewide average

Mike Duffy

Average Iowa farmland value is estimated to be $8,296 per acre, an increase of 23.7 percent from 2011, according to results of the Iowa Land Value Survey conducted in November. This is the third year in a row where values have increased more than 15 percent. The 2012 values are historical peaks.

According to Mike Duffy, ISU Extension farm management economist who conducts the survey, “This is the highest state value recorded by the survey, and the first time county averages have reached levels over $10,000. While this is an interesting time, there is considerable uncertainty surrounding future land values.”

This article appeared in December 2012 -- From Cathann Kress Newsletter