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December 16, 2020
Statewide Iowa The annual Iowa State University Land Value Survey finds a modest one-point-seven percent statewide increase in the value of an acre of farmland in 2020.
Survey leader Wendong Zhang says there was a big difference in price changes based on the type of land.
(As above) “Nearly flat for higher quality and six-point-seven percent growth for low-quality land,” Zhang says. “Overall across the nine crop reporting districts, only southwest Iowa saw a modest one percent decline. While the other eight crop reporting districts reported a zero to three percent growth.”
That puts the average price of an acre of ground at seven-thousand-559 dollars. He says continued low interest rates were part of the reason for the slight land value increase.
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Farmland values increase slightly in Iowa State University survey
The annual Iowa State University Land Value Survey finds a modest one-point-seven percent statewide increase in the value of an acre of farmland in 2020.
Survey leader Wendong Zhang says there was a big difference in price changes based on the type of land. “Nearly flat for higher quality and 6.7% growth for low-quality land,” Zhang says. “Overall across the nine crop reporting districts, only southwest Iowa saw a modest one percent decline. While the other eight crop reporting districts reported a zero to three percent growth.”