Iowa Cropland Values Increasing
The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average increase of 7.8% for tillable cropland values from September 2020 to March 2021 period.
In our east central district, high quality cropland is selling at $11,191 per acre, or at the second highest rate in the state. Timber is selling at $2,981 per acre.
“The cropland market is seeing continued upward pressure in values fueled by strong commodity prices, reasonable interest rates, and a tight supply of available land," said Eric Schlutz, ALC, Realtor and Manager of the Ruhl&Ruhl Realtors Muscatine Office.
For the survey, participants are asked to estimate the average value of farmland as of March 1, 2021. These estimates are for bare, unimproved land with a sale price on a cash basis. Pasture and timberland values were also requested as supplemental information.
Ruhl Farm&Land, a division of Ruhl&Ruhl Realtors, is focused on the sale, purchase and marketing of land, farms and acreages. For more information, and the price per acre of cropland in all nine Iowa districts, visit www.ruhlland.com.