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Iowa farmland value rises nearly 5 percent


The average value of Iowa farmland increased 4.9 percent in the year that ended March 1, according to the most recent survey of farmland specialists by the Realtors Land Institute-Iowa Chapter. The estimated prices were for bare, unimproved land with a sale price on a cash basis. Cropland values rose 2.9 percent from September 2017 to March, after increasing 2 percent for the period that ended in September 2017. All Iowa crop reporting districts showed an increase in the average farmland value, according to a release. Major factors contributing to current farmland values continue included slightly higher commodity prices, limited amount of land on the market and higher than expected yields.

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