Posts in category 'Farm And Land'

Eric Shlutz, REALTOR® and Managing Broker of our Ruhl&Ruhl Realtors Muscatine Office, has been recognized as a part of the 2022 APEX Producers Club by the REALTORS® Land Institute as a part of the RLI APEX Production Awards Program, sponsored by The Land Report. Eric was recognized by RLI CEO Aubrie Kobernus as well as The Land Report's Co-founders Eddie Lee Rider Jr. and Eric O'Keefe at a special awards ceremony on Tuesday, March 7, during RLI's 2023 National Land Conference (NLC23) in Denver, CO.

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The 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 commodit...

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The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average increase of 0.1% for tillable cropland values from September 2019 to March 2020 period. In our east central district, high quality cropland is selling at $10,136 per acre, or at the second highest rate in the state. Timber is selling at $2,706 per acre. "It is heartening to see the increase year-over-year in farmland values," said Eric Schlutz, ALC, Realtor and manager of the Ruhl&Ruhl Realtors Muscatine Office. "The increase in our region, and statewide, reflects the continued stability of land." For the survey, participants are asked to estimate the average value of farmland as of March 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 ma...

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The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average increase of 2.0% for tillable cropland values from March 2017 to September 2017 period.  Combining this increase with the 0.9%  reported in September 2016 indicates a statewide average increase of 2.9% for the year from September 1, 2016 to September 1, 2017. In our east central district, high quality cropland is selling at $9,903 per acre, or at the second highest rate in the state. Timber is selling at $2,237 per acre.  Overall, the increase in our district was 3.6% - or the highest in the state of Iowa.

"It is positive to see land prices on the rise," said Eric Schlutz, ALC, Realtor and manager of the Ruhl&Ruhl Realtors Muscatine Office. "This will stabilize prices but we are still cautiously optimistic because there are a lot of other factors that will continue to affect land values in our region."

"I wasn't surprised to see the results of the most recent land survey as land prices have stabilized and even trended upward this past year especially for the higher and upper medium quality cropland," said Dennis Stolk, ALC, Realtor. "The increase in prices is somewhat driven by a scarcity of available land for sale in many areas, as well as low interest rates and continued good buyer demand. Farmer still remain in a strong equity position and have cash on hand and are looking to buy. Moving forward, our land market will continue to be sensitive to what happens with commodity and livestock prices and its impact on farm income." For the survey, participants are asked to estimate the average value of farmland as of September 1, 2017. These estimates are for bare, unimproved land with a sale price on a cash basis. 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 RuhlLand.com.

The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average increase of 0.9% for tillable cropland values from September 2016 to March 2017 period. Combining this increase with the 3.7% decrease reported in September 2016 indicates a statewide average decrease of 2.8% for the year from March 1, 2016 to March 1, 2017.

In our east central district, high quality cropland is selling at $9,568 per acre. Timber is selling at $2,137 per acre. This district had a 1.1% increase and was one of seven districts that showed an increase in values from September 2016 to March 2017.

Three districts had decreases, including north central at -0.5%, southwest at -3.0% and west central at -2.0%. The highest increase was northwest district at 3.2%.

"It is positive to see land prices stabilizing," said Eric Schlutz, ALC, Realtor and manager of the Ruhl&Ruhl Realtors Muscatine Office. "We look forward to seeing additional growth in the coming months."

"I am not surprised by the increase. Land is currently tightly held as reflected by the small number of listings at this time," said Ken Paper, ALC. "There is still a lot of interest in land investment by investors and farmers, because land is a secure place for money."

For the survey, participants are asked to estimate the average value of farmland as of March 1, 2017. These estimates are for bare, unimproved land with a sale price on a cash basis.

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 http://www.ruhlland.com/en/WebLand_LandValueSurveys.aspx