Farmland values keep breaking records in sales across the country this spring. But will these trends continue much longer? According to Iowa-based Hertz Real Estate, land with or without development continues to sell off the charts. Competition remains fierce, with the highest bids often going to individual investors. An Iowa chapter of the Realtors Land Institute found farmland values on March 1 were 32.9% higher than last year.
Across the state, land values ranged from an annual increase of just over 30% in the northwest and southeast to a 39.1% increase in southwest Iowa. Even land values in North Dakota, a state plagued by extreme drought last year, were selling at record-high amounts, fueled by higher grain prices.
Read more on farmland values here.
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