2015 Iowa Land Values

farmlandThe September 2015 Iowa Chapter of Realtors Land Institute’s Land Trends and Values Survey came out this week. Cropland value fell 3.7% the last six months and 11.3% since September 2014.  Northeast Iowa was hit the harder than those in other regions in the last year, falling 15.1%.

According to the new survey, high-quality cropland in Northeast Iowa had an average value of $9,385 per acre as of Sept. 1, compared to $11,128 a year earlier and $9,855 in March.

Medium-quality cropland averaged $7,179 in the new report, compared to $8,311 in September 2014 and $7,302 in March 2015.

Low-quality land came in at $4,630 in last week’s survey, compared to $5,650 a year ago and $4,933 in March 2015.

High-quality ground in Northwest Iowa had the highest value in the state, at $11,339, but even that had fallen from a year earlier — if slightly, at less than 2 percent.

There are many factors contributing to the falling prices – they include:

  • lower commodity prices
  • increased interest rates
  • lack of alternative stable investments
  • cash on hand
  • limited amount of land on the market

Weather has been a big factor as well.  The Northeast’s land market had a bigger decrease because of the rain and stresses over the last year.

If you have any questions about what your land could be worth or if you are looking for land in the area.  Call me today!!   As your Real Estate Professional, I can navigate you through the buying or selling process.

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