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IOWA FARMLAND PRICES CONTINUE TO SET RECORD HIGHS, UP 14% IN PAST SIX MONTHS
By Mike Walsten, AgWeb.com

The value of an average acre of Iowa cropland rocketed an astonishing 14.1% higher in the six-month period ending March 1. That's according to the semi-annual survey conducted by the Iowa Chapter of the Realtors Land Institute.

"Adding that six-month rise with the 18.9% gain posted from March 1, 2021, to September results in an annual increase of nearly 33%," says Elliot Siefert, Hertz Real Estate Services, Nevada, Iowa, and co-chair of the survey.

Leading gains is the 19.4% burst posted in the southwest crop reporting district. That is followed by a 16.3% increase in the west central district and a 16.1% in the northwest district. The smallest six-month gain was 10.2% marked by the east central district.

On an annual basis, the southwest district is still the leader with a 39.1% explosion. That's followed by a 35% surge in the northeast district and 33% gains in the both the central and north central districts. The southeast district notched the lowest annual increase at 30.8% followed by a 31.1% gain in the south central district.

To view the complete report, click here.


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