Iowa Farmland Value Increases 48% in Two Years

Iowa farmland values are the new energizer bunny – they just keep rising and rising and rising. The state’s cropland is some of the best in the world, so it’s little wonder why it rose a whopping 29% in 2021 and an additional 17% in 2022. This year’s value of $11,411 per acre was the highest ever reported in the recent Iowa State University Land Value Survey.

Respondents were asked to share what they thought of the rise in prices. Seventy percent of those taking the survey – appraisers, farm managers and lenders – said land values were “too high” or “way too high”. But 48% of respondents expected prices to be even higher one year from now.

Read more on Iowa farmland values here.