Iowa Farmland Posts 17%, Nebraska 12% 6-month gain
Jul 01, 2011
The value of Iowa farmland jumped 17% the past six months, according to the semi-annual assessment of benchmark farm values conduced by Farm Credit Services of America, Omaha, Nebraska. The large lending institution regularly monitors real estate value trends through semi-annual appraisals of 66 farm located throughout the association's Iowa, Nebraska, South Dakota and Wyoming service area. The latest update found Iowa's 21 benchmark farm values increased from 5.5% to 46.4% with an average increase of 17% from January 1 to July 1. For the year, the appraisal update found Iowa values rose 36.1%.
Nebraska's 20 benchmark farm values changes ranged from stable to 38.5% higher with an average change of 12.4% for the most-recent six-month period. Nebraska values are up 23.4% for the year.
South Dakota's 23 benchmark value changes ranged from -18.5% to +34.4% with an average change of +8.5% for the six-month period. The annual change is 13.9%.
Wyoming's ranch benchmark decreased 2.2% with the irrigated benchmark considered stable.
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