Iowa Farmland Values Post Incremental Gains

October 3, 2017 04:48 AM
 
Corn Tassels

The value of an acre of Iowa farmland rose 2% for the six-month period ending Sept. 1, according to the Iowa Chapter of the Realtors Land Institute (RLI). The semiannual survey found values posted stronger increases in the central-to-eastern areas above I-80 due to timely summer rain and limited sales offerings. Values in the western third and southern third each reported smaller increases as dry conditions persist across those areas of the state.

The current gain coupled with the previous six-month rise totals an annual increase of 2.9%, says survey coordinator Kyle Hansen, ALC, Hertz Real Estate Services, Nevada, Iowa. The increase is the first annual gain reported by the RLI survey in three years. It also nearly matches the 3% annual increase through June 30 reported by the Federal Reserve Bank of Chicago’s quarterly survey.

Thin Market, Driven Buyers. A lack of properties available to the market impacted Iowa values, notes Hansen. While the survey shows values stabilizing, he says, there is considerable volatility in the market.

Two recent auctions in Story County resulted in sale prices that were more than $3,000 per acre apart, Hansen says. Yet the auctions occurred within a few weeks, and the two properties offered comparable soils. However, one featured waterways and “cut up” fields while the other had no waterways and competitive bidding between an investor and neighboring farmer.

A boost in 1031 buyer interest contributed to the demand for the limited number of offerings in the east-central area this summer, adds Troy Louwagie, ALC, Hertz Real Estate Services, Mt. Vernon, Iowa. But he is not aware of another round of 1031 buyers waiting in the wings for this winter’s market.

Iowa Cropland Values

On a land-quality basis, the survey found the value of high-quality cropland rose 2% to an average of $9,078
per acre. The value of medium-quality land rose 1.8% to an average value of $6,655. The value of low-quality cropland increased 2.2% to an average of $4,349 per acre.

The value of non-tillable pasture land rose 1% during the six-month period and 1.7% versus September 2016. Timber land posted a 2.4% gain and an annual increase of 3.1%. 

As for the future of Iowa’s farmland values, Hansen says commodity prices and yields will be a driving factor, as well as the volume of land on the market.  

Iowa Farmland Values

 

More land news is included in every issue of LandOwner Newsletter. Try it free here.

Back to news


Comments

 
Spell Check

DR.FAROUK
california, CA
3/20/2018 01:45 AM
 

  WELCOME FAROUK BEAUTY CARE COSMETIC & RECONSTRUCTIVE PILLS AND CREAMS A holistic way to improving your beauty and health. Let us show you how African Brazilian India Chinese Medicine can help you: Beauty Health Call DR.FAROUK PSYCHIC www.drfaroukherbalist.com +27717974385 Every person is unique, and every body is a very special work of art, created by nature. We are here to enhance that natural beauty, and help you realize your full aesthetic potential. The sculpting of features, correction of flaws, and repair of damages can help you look better, feel better about yourself, and improve your quality of life. Available Treatments Breast Lift Hair Loss Liposuction InFertility Facelift Thigh Lift Brazilian Butt Blepharo pills Skin & Nails Sexual Problems Cancer Diebetes, Hiv/Aids Dry skin Eczems www.drfaroukherbalist.com

 
 
DR.FAROUK
MICHIGAN, MI
3/20/2018 01:49 AM
 

  DR.FAROUK +27717974385 www.drfaroukherbalist.com Powerful Traditional Healer With Spiritual Healing Spells +27717974385 He is the one of the few in Africa who spiritually solves all the following: Bad luck, Bring back lost lover, fight witchcraft, Financial problems, gives luck, Bad performance at school, Hose removes evil demons in house, Bad memorieeams ,Disappointments, Hate lade, Jealousies, Evil eyes, Domestic problems, Dad debts, Court cases, Daily accidents in life. brings back stolen goods, Protects from robberies and hijacker,Pregnancy difficulties, Miscarriages, Long illness, Solving demonic energy, Negativity in life, Satanism, and many more. If you feel you are stuck in the wilderness in a situation that appears hopeless, you should know that you're not the only person this has happened to. And there is something you can do about it! Sometimes bad things happen to good people, and it appears whatever they do, they can't get out of the quagmire. If this describes you, don't give up. The situation is not hopeless. With my powers I can turn your dream into reality. DR.Farouk Evans CALL +27717974385

 
 
DR.FAROUK
california, AL
3/20/2018 01:46 AM
 

  WELCOME FAROUK BEAUTY CARE COSMETIC & RECONSTRUCTIVE PILLS AND CREAMS A holistic way to improving your beauty and health. Let us show you how African Brazilian India Chinese Medicine can help you: Beauty Health Call DR.FAROUK PSYCHIC www.drfaroukherbalist.com +27717974385 Every person is unique, and every body is a very special work of art, created by nature. We are here to enhance that natural beauty, and help you realize your full aesthetic potential. The sculpting of features, correction of flaws, and repair of damages can help you look better, feel better about yourself, and improve your quality of life. Available Treatments Breast Lift Hair Loss Liposuction InFertility Facelift Thigh Lift Brazilian Butt Blepharo pills Skin & Nails Sexual Problems Cancer Diebetes, Hiv/Aids Dry skin Eczems www.drfaroukherbalist.com

 
 

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close