Land Trends & Values - Iowa Chapter of REALTORS® Land Institute
Posted on September 12, 2018 at 4:07 PM by Jim Rothermich
Iowa Farmland Values Decrease from March 2018
Cropland values are down statewide for the March 2018 to September 2018 period, according to the Iowa Chapter of REALTORS® Land Institute Land Value Survey released on September 11, 2018.
The twice-yearly survey of farm real estate professionals finds Iowa farmland values edged lower in the six-month period ending September 1. The survey, conducted by the Iowa Chapter of REALTORS® Land Institute (RLI), found on average, tillable crop decreased -1.7% from March 2018 to September 2018. Combining this decrease with the 2.9% increase reported in March 2018 indicates a statewide average increase of 1.2% for the year from September 1, 2017 to September 1, 2018.
Major factors contributing to current farmland values continue to include: commodity price levels, limited amount of land on the market, tariffs, world trade agreements, and increasing interest rates. Other factors: tight operating capital, alternative investments, cash on hand, and yields.
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“That’s my story and I’m sticking to it!” Please check back next week to see what the Iowa land market is doing.
Jim “the Land Talker”
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