The 2022 Iowa State University Land Value Survey reported another year of increased value for Iowa farmland, with a 17% average increase for the year. According to the survey, the $11,411 price per acre is the highest nominal land value since the 1940s.

Several factors influenced the increase, including commodity prices, available land, crop yields, interest rates and a stable farm economy. While the survey indicates respondents had a positive outlook for the future, there are still concerns about rising interest rates and high input costs, among other issues.

Every Iowa county saw the highest nominal land values since the 1950s, with the highest reported increase in land value in the northwest and southwest of the state.

Read more about the survey.