The Iowa Chapter of the Realtors Land Institutes survey pegs the state-wide value of high-quality cropland at $14,080 an acre, up 14.1% from September; the value of medium-quality cropland at $10,902, up 14.2%; and the value of low-quality cropland at $7,701 an acre, up 13.7%. In addition to cropland values, the survey lists a gain of 12.3% in pastureland value. According to the survey, 64% of all buyers were farmers and the remaining 36% were investors. Of the investor group, just over half, 52%, were local investors and 48% were non-local investors, some with 1031 money.
Iowa Farmland Soars 14% in the Past Six Months
The Iowa Chapter of the Realtors Land Institutes survey pegs the state-wide value of high-quality cropland at $14,080 an acre, up 14.1% from September. . .
(Farm Journal)
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