Posts from October 4th, 2016
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4
Land Values Decrease in Iowa
The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average decrease of 3.7% in cropland values from the March 2016 to September 2016 time period. Combining this decrease with the 5% decrease reported in March 2015 indicates a statewide average decrease of 8.6% for the year from September 1, 2015 to September 1, 2016. This is the exact predicted decrease from what was reported in March. In our east central district, high quality cropland is selling at $9,524 per acre. Timber is selling at $2,116 per acre. All nine Iowa crop reporting districts showed a decrease in value from September 2015 to September 2016. Our east central district posted a 4.3% decrease, less than the state average. The largest decrease was a 5.8% decrease in southwest Iowa. "There is a decrease in land values across the state but it isn't...
