SW Iowa Times

A recent survey has shown that Iowa’s farmland value has risen since March, great news for property owners, particularly in a challenging economic time. The survey was conducted by the Iowa Chapter of the Realtors Land Institute.

The chapter’s survey subjects were those who are farmland specialists, and questions included asking the participants to estimate the average farmland value on Sept. 1, Successful Farming reported.

“The value of Iowa cropland jumped nearly 19% between March and September of this year, according to the most recent survey of farmland professionals conducted by the Iowa Chapter of the Realtors Land Institute,” Esteban Moscariello posted on Twitter.

Iowa farmers have been paying more for their farmland since March 2021, by 19%. In strict numbers, in March, the average value per acre was $10,221, whereas on Oct. 2, the state average value per acre had risen to $12,182, the Associated Press reported.

Year-over-year increase in Iowa totaled 26.6%. While the average is around 19%, the lowest increase in value was in the northwest district, at 14.2%, whereas the highest value increase was in the northeast, at 22.5%, Successful Farming reported.

This comes as excellent news for those who are trying to maintain personal wealth in a challenging time, and is being praised as a remarkable rate of increase by Matt Vegter, one member of the Realtors Land Institute.