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Iowa farmland value climb may be leveling off

Iowa Farm and Land Chapter #2/Realtors Land Institute
Survey of Farmland Values (in dollars per acre)

September 2007

(Land classification by potential corn production)

Area in Iowa
160 bushel/acre
110-159 bushel/acre
85-109 bushel/acre
Non-tillable pasture
Timber
*Past 6 months
Central
5,064
4,049
3,012
1,790
1,865
+7%
East central
4,883
4,056
3,170
2,058
1,930
+5.1%

North
central

4,814
4,165
3,261
1,718
1,803
+5.8%
Northeast
4,974
4,027
2,968
1,961
2,297
+7.2%
Northwest
4,816
4,294
3,523
1,667
1,885
+9.8%
South
central
3,506
2,830
2,444
1,579
1,756
+7.6%
Southeast
4,768
3,575
2,809
1,633
1,790
+8.8%
Southwest
4,128
3,430
2,794
1,620
1,410
+4.1%
West
central
4,939
4,239
3,388
1,973
1,635
+8.3%
State
average
4,655
3,852
3,041
1,778
1,819
+7.1%

 

 

 

 

 

 

 

 

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