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Iowa State University Extension

Iowa farmland value at record level

Land Value Survey

The average value of an acre of farmland in Iowa increased $290 to an all-time high of $3,204 in 2006, according to an annual survey conducted by Iowa State University. This is the fourth year in a row with a new record high, according to Mike Duffy, ISU Extension farm economist who conducts the survey.

The 2006 average value topped a previous record of $2,914 reported last year, and it represented a 10 percent increase statewide over the 2005 average and the first time the average value of an acre of land in Iowa topped $3,000. For more information see the Iowa Land Value Survey website.

This article appeared in December 2006 -- From Jack Payne Newsletter