Shop Where I Live
The Shop Where I Live platform is an e-commerce marketplace & lead generation platform that helps small businesses to easily sell online together. The goal is to showcase Chambers’ businesses to our communities and beyond. This is a partnership designed to help local small businesses sell online via a national platform and still have local community support.
Iowa Cropland Values Remain ConsistentOctober 01, 2020The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported no increase or decrease in cropland values on a statewide average for the March 2020 to September 2020 period. Combining this stable period with the 0.1% increase reported in March 2020 indicates a statewide average increase of 0.1% from September 1, 2019 to September 1, 2020.
In our East Central district, high quality cropland is selling at $10,355 per acre, or at the second highest rate in the state. This is up slightly from the value reported in March, 2020. Timber is selling at an average of $2,627 per acre.
“Low interest rates and the resurgence of investor buyers have helped maintain land values. A good harvest and some strength in the commodity prices would only help to further strengthen the land market," said Eric Schlutz, ALC, Realtor, and manager of the Ruhl&Ruhl Realtors Muscatine Office.
“Our land markets continue to show resilience and stability in values during a time of generally low commodity prices. Historically low interest rates, good buying demand by both farmers and investors, as well as a lack of inventory of available land for sale have all contributed to this stability,” said Dennis Stolk, ALC, farm and land specialist with Ruhl Farm & Land.
For the survey, participants are asked to estimate the average value of farmland as of September 1, 2020. 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.
Contact:Caroline Ruhl, CEO & Ownercarolineruhl@ruhlhomes.com, (563) 441-5219