Farmland Values Continue Nationwide Spike

After several record-breaking farmland sales across counties throughout Iowa, the trend of increased farmland prices is picking up speed throughout the rest of the country. National Agricultural Statistical Survey (NASS) placed 2021 land values of all land on U.S. farmed 7% higher than 2020, averaging $3,380/acre. Cropland values averaged $4,420 per acre, an increase of 7.8%. Rangeland also increased 5.7%. The increase, experts say, is due to an increased demand for all types of farmland, aided by low interest rates and high commodity values. And they believe the momentum isn’t going anywhere any time soon. Read more on farmland values here.