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Iowa State University Extension Economist
Iowa Land Value Survey 2012 Dr. Michael Duffy, Iowa State University Extension Economist
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Statewide Average $8,296 up 23.7% up $1,588
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High Grade Land $10,181 up 24.2% up $1,983
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Medium Grade Land $7,773 up 24.3% up $1,517
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Low Grade Land $5,119 up 20.2% up $862
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$11,404 Northwest high $12,890 med $11,011 up 2.8% up $83 up 36.8%
low $7,162 up 2.8% up $83 up 36.8% up $3,066
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$9,560 North Central high $10,765 med $8,691 up 30.0% low $6,303
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Northeast $8,523 high $10,708 med $7,815 low $5,288 up 29.1% up $1,921
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$9,216 West Central high $11,128 med $8,619 up 24.2% low $5,877
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Central $9,365 high $11,139 med $8,466 low $5,718 up 20.4% up $1,583
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$8,420 East Central high $10,201 med $8,128 up 18.4% low $5,013
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Southwest $7,015 high $8,818 med $6,732 low $4,484 up 18.8% up $1,110
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$4,308 South Central high $6,437 med $4,219 up 26.4% low $2,562
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Southeast $6,172 high $8,879 med $5,685 low $3,226 up 8.2% up $467
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AVERAGE VALUES all grades 1950−2012
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PERCENTAGE CHANGE from previous year, 1951−2012
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AVERAGE VALUES adjusted for inflation
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PERCENTAGE CHANGE adjusted for inflation
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2012 AVERAGE VALUES
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PERCENTAGE CHANGE
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POSITIVE FACTORS affecting land values
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NEGATIVE FACTORS affecting land values
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WHO PURCHASED farmland
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WHO PURCHASED farmland
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SALES ACTIVITY relative to previous year
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CHANGE IN sales activity from previous year More – 63% Less – 5%
Same – 31% More – 61% Less – 8% Same – 31% More – 52% Less – 22% Same –25% More – 65% Less – 14% Same –21% More – 59% Less – 12% Same – 29% More – 51% Less – 18% Same –31% More – 63% Less – 13% Same – 24% More – 30% Less – 38% Same – 32% More – 41% Less – 11% Same – 48%
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SUMMARY 32.5% is highest percentage increase ever reported
$6,708 is all-time high inflation adjusted average value An interesting time, many factors to watch Not a time to panic
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