Farmland values in Iowa shot up 29% in the past year, reaching the highest state-wide average in history, according to Iowa State University’s annual land value survey released Dec. 14.
Iowa farmland prices ‘highest we have ever seen’
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The average value for an acre of Iowa farmland reached $9,751, an increase of $2,193 per acre. This marks the highest nominal level for Iowa farmland in the history of the survey, although in inflation-adjusted dollars it is still below the 2012 and 2013 figures.
The average value for an acre of Iowa farmland reached $9,751, an increase of $2,193 per acre. This marks the highest nominal level for Iowa farmland in the history of the survey, although in inflation-adjusted dollars it is still below the 2012 and 2013 figures.
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