Download presentation
Presentation is loading. Please wait.
1
Iowa State University Extension Economist
Iowa Land Value Survey 2013 Dr. Michael Duffy, Iowa State University Extension Economist
2
Statewide Average $8,716 up 5.1% up $420
3
High Grade Land $10,828 up 6.3% up $646
4
Medium Grade Land $8,047 up 3.5% up $274
5
Low Grade Land $5,298 up 3.5% up $179
6
$10,960 Northwest high $12,824 med $9,918 up 2.8% low $6,845 up $83
down 3.9% down $445
7
$9,818 North Central high $11,159 med $8,824 up 2.7% low $6,421
8
Northeast $9,161 high $11,423 med $8,573 low $5,670 up 7.5% up $638
9
West Central $9,449 high $11,591 med $8,725 low $5,926 up 2.5% up $233
10
Central $9,877 high $11,803 med $8,930 low $5,918 up 5.5% up $512
11
$9,327 East Central high $11,631 med $8,567 up 10.8% low $5,449
12
Southwest $7,531 high $9,591 med $7,137 low $4,592 up 7.4% up $517
13
$4,791 South Central high $7,150 med $4,715 up 11.2% low $2,843
14
Southeast $6,994 high $9,785 med $6,605 low $3,651 up 13.3% up $822
15
AVERAGE VALUES all grades 1950−2013
16
PERCENTAGE CHANGE from previous year, 1951−2013
17
AVERAGE VALUES adjusted for inflation
18
PERCENTAGE CHANGE adjusted for inflation
19
2013 AVERAGE VALUES
20
PERCENTAGE CHANGE
21
POSITIVE FACTORS affecting land values
22
NEGATIVE FACTORS affecting land values
23
WHO PURCHASED farmland
24
WHO PURCHASED farmland
25
SALES ACTIVITY relative to previous year
26
CHANGE IN sales activity from previous year More – 16% Less – 53%
Same – 31% More – 9% Less – 59% Same – 33% More – 20% Less – 43% Same – 37% More – 20% Less – 45% Same – 35% More – 18% Less – 40% Same – 41% More – 15% Less – 47% Same – 38% More – 8% Less – 71% Same – 20% More – 16% Less – 48% Same – 36% More – 19% Less – 29% Same – 52%
27
SUMMARY 5.1% increase is 9th out of last 10 years
Except for 2009 first single digit increase since 2003 Rate of increase slowed throughout the year mimicking drop in crop prices NW Iowa showed actual declines in value Gross farm income will be the factor to watch for future directions
28
For more information, visit
Similar presentations
