Iowa farm real estate value rises 1.9 percent

by | Aug 3, 2017 | 5 Ag Stories, News

United States farm real estate value averaged $3,080 per acre for 2017, up $70 per acre (2.3 percent) from 2016 values. Farm real estate in Iowa rose 1.9 percent to $8,000 per acre in 2017 compared to $7,850 in 2016.

Regional changes in the average value of farm real estate ranged from 8.7 percent increase in the Pacific region to 1.8 percent decrease in the Northern Plains region. The highest farm real estate values were in the Corn Belt region at $6,260 per acre. The Mountain region had the lowest farm real estate value at $1,130 per acre.

Cropland values remained unchanged at $4,090 per acre from the previous year. In Iowa, cropland value rose 1.3 percent to $8,100 compared to $8,000 last year. In the Southern Plains, the average cropland value increased 6.0 percent from the previous year. However, in the Northern Plains region, cropland values decreased by 4.4 percent.

Pasture value increased by $20 per acre (1.5 percent) from 2016 values. The Delta region had the highest increase of 2.9 percent from 2016. The largest decrease, at 1.7 percent, was in the Corn Belt region.