Realtors Land Institute Iowa Farmland Prices Survey March 2018
Jason J Smith
Auctioneer & Land Broker
Jason is an experienced farmland broker and auctioneer with extensive experience in farmland sales across this Midwest. Jason has worked with hundreds of clients to create advantageous outcomes. If you are selling land schedule a consultation with Jason by calling or using the calendar.
Phone: 515-537-6633
Iowa Farmland Prices
A new report from the Realtors Land Institute Iowa Chapter is out on Iowa Farmland Prices and it shows a gain in farmland values again for the 3rd report in a row. This report is a 6-month report that has shown gains in Iowa farmland prices after several years of declines. According to the report, Iowa farmland gained 2.9% value statewide over the past 6 months. The previous report showed an increase of 2% statewide for a total of 4.9% over the last 12 months in Iowa. The report is based on estimates from auctions, appraisers, land brokers and others knowledgeable about the farmland market in Iowa.
Farmland Prices By Crop Reporting District In Iowa
As we have noted in our own reports on Iowa farmland market reports there continues to be significant demand for high-quality farms, very very few of them are available which continues to contribute to a strong land market. This report measures all 9 crop reporting districts in Iowa and every district showed an increase in farmland values with the largest increase in East Central Iowa at +4.3% and the lowest increase in south central Iowa at +1.6%. Values of high-quality cropland were estimated at an average of $9,376 per acre, medium quality farmland was estimated to be worth an average of $6,925 per acre while the average value of low-quality farmland was estimated to be $4,552 per acre. The average value of non-tillable pasture was estimated at $2,829 per acre an increase of $105 per acre statewide. Timber acres came in with an increase of 3.11% statewide up from $2,366 to $2,442 per acre.
Farmland Value Survey Results
Land Classification By Potential Corn Production
| High Quality Crop Land September 2017 |
High Quality Crop Land March 2018 |
Medium Quality Crop Land September 2017 |
Medium Quality Crop Land March 2018 |
Low Quality Crop Land September 2017 |
Low Quality Crop Land March 2018 |
Non – Tillable Pasture Per Acre September 2017 |
Non – Tillable Pasture Per Acre March 2018 |
Timber Per Acre September 2017 |
Timber Per Acre March 2018 |
Percent Change in Tillable Cropland Values Past 6 Months % |
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Central | $9,904 | $10,107 | $7,262 | $7,500 | $4,643 | $4,826 | $2,742 | $2,853 | $2,324 | $2,432 | +2.9% |
| East Central Iowa | $9,888 | $10,254 | $7,210 | $7,253 | $4,568 | $4,821 | $2,711 | $2,899 | $2,200 | $2,253 | +4.3% |
| North Central Iowa | $8,809 | $9,035 | $6,660 | $6,940 | $4,501 | $4,789 | $2,213 | $2,334 | $1,713 | $1,878 | +4.0% |
| Northeast | $9,373 | $9,759 | $7,047 | $7,175 | $4,438 | $4,700 | $2,881 | $2,963 | $2,670 | $2,734 | +3.7% |
| Northwest | $10,814 | $10,969 | $8,250 | $8,452 | $5,297 | $5,439 | $2,960 | $2,939 | $2,565 | $2,538 | +2.1% |
| South Central Iowa | $7,017 | $7,274 | $4,676 | $4,761 | $3,064 | $2,964 | $2,548 | $2,630 | $2,856 | $3,012 | +1.6% |
| Southeast Iowa | $9,451 | $9,620 | $6,156 | $6,404 | $3,727 | $3,822 | $2,640 | $2,744 | $2,285 | $2,496 | +2.6% |
| Southwest | $7,792 | $8,064 | $6,193 | $6,363 | $4,500 | $4,671 | $3,164 | $3,294 | $2,383 | $2,338 | +3.3% |
| West Central Iowa | $9,053 | $9,304 | $7,197 | $7,205 | $4,845 | $4,935 | $2,817 | $2,905 | $2,300 | $2,329 | +1.7% |
| State of Iowa | $9,122 | $9,376 | $6,739 | $6,925 | $4,398 | $4,552 | $2,724 | $2,829 | $2,366 | $2,442 | +2.9% |
Selling Farmland In Iowa?
Ensuring good results for your good quality Iowa farm real estate today really means that your exposure needs to be very thorough and across all channels of communication to ensure as much competition as possible for the farm. If you are thinking of selling a farm DreamDirt can help you find the top of the market on your farm. There are many considerations before selling a farm and we can help guide you through the process. You’ll find that our system is very simple for you and capable of reaching the right people very fast. We know you’ll have many questions but let us help you put your mind at ease. You can contact me directly Iowa farmland Auctioneers Jason Smith, CAI 515-537-6633 and Tom Bradley 515-202-7687 or send me a request to help you value your farm and learn more about selling Iowa farm real estate. Get a Free Farmland Market Analysis.
Iowa Farmland Prices
You can learn more about individual counties in Iowa at DollarsAndDirt.com where we keep track of every farmland sale price for auctions in Iowa.
•Adair County Iowa Farmland Prices
•Adams County Iowa Farmland Prices
•Allamakee County Iowa Farmland Prices
•Appanoose County Iowa Farmland Prices
•Audubon County Iowa Farmland Prices
•Benton County Iowa Farmland Prices
•Black Hawk County Iowa Farmland Prices
•Boone County Iowa Farmland Prices
•Bremer County Iowa Farmland Prices
•Buchanan County Iowa Farmland Prices
•Buena Vista County Iowa Farmland Prices
•Butler County Iowa Farmland Prices
•Calhoun County Iowa Farmland Prices
•Carroll County Iowa Farmland Prices
•Cass County Iowa Farmland Prices
•Cedar County Iowa Farmland Prices
•Cerro Gordo County Iowa Farmland Prices
•Cherokee County Iowa Farmland Prices
•Chickasaw County Iowa Farmland Prices
•Clarke County Iowa Farmland Prices
•Clay County Iowa Farmland Prices
•Clayton County Iowa Farmland Prices
•Clinton County Iowa Farmland Prices
•Crawford County Iowa Farmland Prices
•Dallas County Iowa Farmland Prices
•Davis County Iowa Farmland Prices
•Decatur County Iowa Farmland Prices
•Delaware County Iowa Farmland Prices
•Des Moines County Iowa Land Auction
•Dickinson County Iowa Farmland Prices
•Dubuque County Iowa Farmland Prices
•Emmet County Iowa Farmland Prices
•Fayette County Iowa Farmland Prices
•Floyd County Iowa Farmland Prices
•Franklin County Iowa Farmland Prices
•Fremont County Iowa Farmland Prices
•Greene County Iowa Farmland Prices
•Grundy County Iowa Farmland Prices
•Guthrie County Iowa Farmland Prices
•Hamilton County Iowa Farmland Prices
•Hancock County Iowa Farmland Prices
•Hardin County Iowa Farmland Prices
•Harrison County Iowa Farmland Prices
•Henry County Iowa Farmland Prices
•Howard County Iowa Farmland Prices
•Humboldt County Iowa Farmland Prices
•Ida County Iowa Farmland Prices
•Iowa County Iowa Farmland Prices
•Jackson County Iowa Farmland Prices
•Jasper County Iowa Farmland Prices
•Jefferson County Iowa Farmland Prices
•Johnson County Iowa Farmland Prices
•Jones County Iowa Farmland Prices
•Keokuk County Iowa Farmland Prices
•Kossuth County Iowa Farmland Prices
•Lee County Iowa Farmland Prices
•Linn County Iowa Farmland Prices
•Louisa County Iowa Farmland Prices
•Lucas County Iowa Farmland Prices
•Lyon County Iowa Farmland Prices
•Madison County Iowa Farmland Prices
•Mahaska County Iowa Farmland Prices
•Marion County Iowa Farmland Prices
•Marshall County Iowa Farmland Prices
•Mills County Iowa Farmland Prices
•Mitchell County Iowa Farmland Prices
•Monona County Iowa Farmland Prices
•Monroe County Iowa Farmland Prices
•Montgomery County Iowa Farmland Prices
•Muscatine County Iowa Farmland Prices
•O’Brien County Iowa Farmland Prices
•Osceola County Iowa Farmland Prices
•Page County Iowa Farmland Prices
•Palo Alto County Iowa Farmland Prices
•Plymouth County Iowa Farmland Prices
•Pocahontas County Iowa Farmland Prices
•Polk County Iowa Farmland Prices
•Pottawattamie County Iowa Farmland Prices
•Poweshiek County Iowa Farmland Prices
•Ringgold County Iowa Farmland Prices
•Sac County Iowa Farmland Prices
•Scott County Iowa Farmland Prices
•Shelby County Iowa Farmland Prices
•Sioux County Iowa Farmland Prices
•Story County Iowa Farmland Prices
•Tama County Iowa Farmland Prices
•Taylor County Iowa Farmland Prices
•Union County Iowa Farmland Prices
•Van Buren County Iowa Farmland Prices
•Wapello County Iowa Farmland Prices
•Warren County Iowa Farmland Prices
•Washington County Iowa Farmland Prices
•Wayne County Iowa Farmland Prices
•Webster County Iowa Farmland Prices
•Winnebago County Iowa Farmland Prices
•Winneshiek County Iowa Farmland Prices
•Woodbury County Iowa Farmland Prices
Request a Free Valuation for Your Farm or Land Property
Whether you’re ready to start the selling process, or even remotely curious, we will gladly provide you with a FREE Market Analysis! If you are in a position to sell land in the Midwest, we want to help you achieve the top of the market on your sale.
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