NewsLocal News


Farmland value increasing in Iowa, survey finds

Federal Farm Payments
Posted at 2:52 PM, Oct 02, 2021
and last updated 2021-10-02 15:52:52-04

DES MOINES, Iowa (AP) — Farmland values are rising sharply in Iowa, according to a semi-annual survey of real estate agents.

The Daily Nonpareil in Council Bluffs reports that the survey released this week shows that tillable farmland value increased by 18.8% over the past six months.

The statewide average value of $12,182 per acre compared to a value of $10,221 per acre in March.

The September survey by the Realtors Land Institute’s Iowa chapter indicated that the year-over-year increase totaled 26.6%.

RLI spokesman Matt Vegte called the value “pretty hefty for Iowa ag land.”

Download our apps today for all of our latest coverage.

Get the latest news and weather delivered straight to your inbox.