2013 IOWA LAND VALUE SURVEY: OVERVIEW
1.0
2.0
3.0
History and Purpose of the Land Value Survey.
1.1
The survey was initiated in 1941 and is sponsored annually by the Iowa Agriculture
and Home Economics Experiment Station, Iowa State University. Only the state
average and the district averages are based directly on the ISU survey data. The
county estimates are derived using a procedure that combines the ISU survey results
with data from the U.S. Census of Agriculture. The survey was conducted by
Michael Duffy.
1.2
The survey is intended to provide information on general land value trends,
geographical land price relationships and factors influencing the Iowa land market.
The survey is not intended to provide an estimate for any particular piece of property.
1.3
The survey is based on reports by licensed real estate brokers and selected
individuals considered to be knowledgeable of land market conditions. Respondents
were asked to report on more than one county if they were knowledgeable about the
land markets. The 2013 survey is based on 476 usable responses providing 674
county land values estimates. The number of respondents was down 2 percent
compared to last year’s survey but the number of county values increased by 2
percent.
1.4
Participants in the survey are asked to estimate the value of high, medium and low
grade land in their county. Comparative sales and other factors are taken into
account by the respondents in making these value estimates.
Analysis by State.
2.1
The 2013 state average for all grades of land was estimated to be $8,716 per acre.
2.2
The increase in the state value was $420 per acre from 2012.
2.3
The percentage increase was 5.1 percent from 2012.
Analysis by Crop Reporting District.
3.1
The highest land values were reported for Northwest Iowa, $10,960 per acre.
3.2
The lowest land values were estimated for South Central Iowa, $4,791 per acre.
December 2013
________________________
Prepared by Michael D. Duffy, agricultural extension economist, Ann Johanns, extension program specialist,
Marcie Stevenson and Jordan Neighbor, student research assistants, and Iowa State University, December
11, 2013.
4.0
5.0
6.0
3.3
The highest percentage increase was in Southeast Iowa, 13.3 percent.
3.4
The largest percentage decrease was in Northwest Iowa, 3.9 percent.
Analysis by Counties.
4.1
The highest value was estimated for Scott County, $12,413 per acre.
4.2
The lowest value was in Decatur County, $3,628 per acre.
4.3
The greatest dollar increase was $1,374 in Scott County. Scott County also had the
highest percentage increase (12.45 percent).
4.4
The highest dollar decrease was in O’Brien County, $478. The highest percentage
decrease was 3.72 percent in Dickinson, Lyon, O’Brien, and Osceola Counties.
Analysis by Quality of Land.
5.1
Low grade land in the state averaged $5,298 per acre and showed a 3.5 percent
increase or $179 per acre.
5.2
Medium grade land averaged $8,047 per acre and showed a 3.5 percent increase or
$274 per acre.
5.3
High grade land averaged $10,828 per acre and showed an increase of 6.3 percent
or $646 per acre.
Major Factors Influencing the Real Estate Market.
Most of the survey respondents (88 percent) listed positive and/or negative factors
influencing the land market. Of these respondents almost 83 percent listed at least one
positive factor and 77 percent listed at least one negative factor. The respondents listed
multiple factors in most cases.
6.1
There were 7 positive factors listed by over 10 percent of the respondents who
provided at least 1 positive factor. The most frequently mentioned factor was low
interest rates, mentioned by 56 percent of the respondents. High commodity prices
were the second most frequently mentioned positive factor, being mentioned by 37
percent of the respondents. Other frequently mentioned positive factors included,
strong farm income and economy (24 percent), land availability (15 percent),
cash/credit availability (14 percent), good yields (13 percent), and a strong demand
for land (11 percent).
6.2
There were 6 negative factors listed by more than 10 percent of the respondents who
identified at least one negative factor. The most frequently mentioned negative
factor on land values was the lower commodity prices, mentioned by 76 percent of
the respondents and the weather was the second most frequently mentioned negative
factor (21 percent). A closely related factor mentioned was poor yields (13 percent).
The remaining negative factors were government programs (11 percent), long term
interest rates (10 percent) and general uncertainty (10 percent).
7.0
Number of Sales Compared to Previous Year.
Almost half, (48 percent) of the respondents reported lower sales in 2013 relative to 2012.
On the other end of the spectrum, just 16 percent reported more sales and 36 percent
reported the same level of sales in 2013 relative to 2012.
8.0
Land Sales by Buyer Category.
The 2013 survey asked respondents what percent of the land was sold to four categories of
buyers: existing farmers, investors, new farmers, or other.
9.0
8.1
The majority of farmland sales, 77 percent, were to existing farmers. Investors
represented 18 percent of the sales. New farmers represented 3 percent of the sales,
and other purchasers were 2 percent of sales.
8.2
Sales to existing farmers by Crop Reporting Districts ranged from 80 percent in West
Central and Southeast to 68 percent in South Central.
8.3
Sales to investors were highest in South Central (27 percent). Southeast reported the
lowest investor activity (12 percent).
Interpretation of the Survey Results.
The Iowa State University land value survey reported a 5.1 percent increase in Iowa
farmland values. This is the ninth time in the past 10 years land values have increased.
Except for 2009, the 2013 increase is the first time values have increased less than double
digits since 2003.
The 2013 survey also revealed different land value changes within the state. This was only
the second time in the past ten years where some counties reported lower land values than
the year before. In 2009, 85 counties reported lower land values and in 2013 there were 14
counties that reported lower land values. Except for 2009 and 2013, since 2004 all county
land values have increased each year.
The slowing or even reversal of the rate of increase in land values is supported by data
from other surveys. The Realtors Land Institute reported land values up 9.4 percent from
September 2012 to March 2013 but only up 1.2 percent from March 2013 to September
2013. The Federal Reserve Bank of Chicago reported Iowa land values up 9 percent from
October 2012 to October 2013. But, the same survey reported Iowa land values decreased
by 1 percent from July to October, 2013.
Other results from the Iowa State study show the changing situation with respect to Iowa
farmland values. The percent of respondents who reported fewer sales than the year before
was the highest it has been since 1985. With the exception of 2009, the percent of
respondents who reported an increase in sales was the lowest it has been since 2000.
The 2013 survey also reveals the shift that occurred in regions of the state. For the past
three years, 2010 – 2012, O’Brien County reported the highest land values in the state. In
2013, Scott County reported the highest land values. Land values in O’Brien County
actually dropped the most of any counties reporting lower values. Scott County increased
the most. It is interesting to note that from 1950 to 1973 Scott County had the highest land
values in the state. Then from 1974 to 1977, Humboldt County had the highest land
values. From 1978 to 2009 Scott County once again had the highest land values. The only
time Scott County hasn’t had the highest land values was during the two boom periods
covered by the Iowa State University survey.
It is important to remember that the Iowa State University survey is an opinion survey
covering the time period from November 2012 to November 2013. When comparing
surveys be sure to consider the time period covered. This can be especially relevant in
times like these when the land values are not exhibiting a uniform change.
An opinion survey is just that. It represents the collective opinion of the survey
respondents. Most of the respondents will use actual sales to formulate their opinions but
each person can choose to weight or discount particular sales as they deem necessary. A
study comparing the Iowa State University opinion survey and actual sales data in Iowa
showed that the differences were not statistically significant. Some years the opinion was
higher and vice versa. For some counties the differences were greater in one year and less
in another. So, even though the opinion survey averaged higher than the sales it was not a
difference that was significant.
10.0 Outlook for Land Values.
The current situation with respect to Iowa land values was described by one of the
respondents as being a plateau. He based this comment on his observation there had been
some very strong sales in his area but there had also been some weak or no sales at recent
auctions. This was a sentiment echoed by many of the respondents.
Strong and weak price sales occurring at the same time indicate a market in flux. The key
question is if this shows the market is going to settle into a plateau, if it is just pausing
before another takeoff in values or if the market has peaked and due for a correction.
The single biggest factor to assess land value movement is gross farm income. Any asset
held in perpetuity is valued by income divided by a capitalization rate. The capitalization
rate is important but income or expectations for income appear to have the major influence
on land values.
A majority of the survey respondents were concerned about income. Over three-fourths,
76 percent, of the respondents cited lowers commodity prices as a negative factor affecting
the land markets. Data show the rate of increase in land values slowed and commodity
prices started dropping after June 2013.
In Iowa corn and soybean price movements are good indicators of gross farm income
movement. There was a 33 percent drop in the Iowa average corn price from October
2012 to October 2013 and there was an 11 percent drop in soybean prices over the same
time period. The November estimated price for Iowa corn was 39 percent lower than the
November 2012 price. Soybean price were 11 percent lower.
The gross value added for the Iowa agricultural sector increased 28 percent from 2008 to
2012 and net farm income increased 40 percent over the same time period. Projections for
2013 are not available at the state level but the current national forecasts show that cash
projections are lower but total gross income and net farm income both increase, albeit at a
lower level than the past few years.
Marketing year prices for both corn dropped 12 percent from 2008 to 2009 and soybean
prices decreased 7 percent over the same time. The year 2009 is significant because it was
the last time land values dropped statewide in Iowa.
We are in a situation similar to 2009 where commodity prices dropped. Will commodity
prices rebound as they did in 2010 or will they continue down? This is the key to which
way land values will go.
There are many competing forces that will influence prices over the coming years. For
now it appears there are more factors that will lead to lower prices as opposed to returning
to levels of the past few years. What land values will be supported by $4.00 corn remains
to be seen. Given the variances in the weather of the past few years and world economic
conditions will prices settle into a trading range or will there be wide swings? The impact
of this situation on land values isn’t known.
The odds are against a major collapse in land values. But, if projections of a new lower
level for commodity prices hold then we should expect land values to drop. The impact of
lower income and declining land values will depend on the individual situation. In the
1980s the collapse impacted almost everyone. What will happen this time will be a slower
adjustment to the new price/income realities. Some people will be hard hit by the lower
cash flow and income but that depends on how they are situated financially.
There have been three ‘golden’ eras for Iowa land values over the past 100 years. The first
one ended in a long, drawn out decline in land values from 1921 to 1933, the second
golden era ended with a sudden collapse from 1981 to 1986, how this third golden era will
end isn’t known at this time but it would appear that it will be a more orderly adjustment
rather than the sudden collapse.
. . . and justice for all
The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age,
disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Many materials can be made available in
alternative formats for ADA clients. To file a complaint of discrimination, write USDA, Office of Civil Rights, Room 326-W, Whitten Building, 14th and Independence
Avenue, SW, Washington, DC 20250-9410 or call 202-720-5964.
Issued in furtherance of Cooperative Extension work, Acts of May 8 and July 30, 1914, in cooperation with the U.S. Department of Agriculture. Cathann A. Kress, director,
Cooperative Extension Service, Iowa State University of Science and Technology, Ames, Iowa.
Table 1. Recent Changes in Iowa Farmland Values
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Value
Per Acre
419
430
482
635
834
1095
1368
1450
1646
1958
2066
2147
1801
1691
1357
948
787
875
1054
1139
1214
1219
1249
1275
1356
1455
1682
1837
1801
1781
1857
1926
2083
2275
2629
2914
3204
3908
4468
4371
5064
6708
8296
8716
Dollar
Change
0
11
52
153
199
261
273
82
196
312
108
81
-346
-110
-334
-409
-161
88
179
85
75
5
30
26
81
99
227
155
-36
-20
76
69
157
192
354
285
290
704
560
-97
693
1644
1588
420
Percentage
Change
0.0
2.6
12.1
31.7
31.3
31.3
24.9
6.0
13.5
19.0
5.5
3.9
-16.1
- 6.1
-19.8
-30.1
-17.0
11.2
20.5
8.1
6.6
.4
2.5
2.1
6.4
7.3
15.6
9.2
-2.0
-1.1
4.3
3.7
8.2
9.2
15.6
10.8
10.0
22.0
14.3
-2.2
15.9
32.5
23.7
5.1
Table 2. Average Value Per Acre of Iowa Farmland Listed by Crop Reporting Districts and Grades of Land
_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Year
State
Average
Northwest
North
Central
Northeast
West
Central
Central
East
Central
Southwest
South
Central
Southeast
_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
All Grades
1986
1987
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
787
875
1926
2083
2275
2629
2914
3204
3908
4468
4371
5064
6708
8296
8716
937
1084
2240
2434
2683
3118
3393
3783
4699
5395
5364
6356
8338
11404
10960
912
1055
2240
2367
2514
2913
3222
3478
4356
4950
4827
5746
7356
9560
9818
786
835
1950
2149
2347
2665
2963
3187
4055
4590
4464
5022
6602
8523
9161
1986
1987
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
1048
1150
2407
2576
2790
3193
3511
3835
4686
5381
5321
6109
8198
10181
10828
1131
1306
2588
2776
3040
3537
3813
4261
5313
6150
6129
7283
9649
12890
12824
1094
1260
2546
2676
2817
3265
3588
3834
4807
5514
5371
6397
8601
10765
11159
1048
1102
2439
2625
2857
3189
3522
3816
4859
5415
5349
6076
7994
10708
11423
1986
1987
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
699
780
1768
1924
2123
2457
2736
3011
3667
4195
4076
4758
6256
7773
8047
830
957
2057
2278
2507
2930
3199
3561
4385
5023
4977
5883
7708
11011
9918
777
903
2040
2142
2309
2669
2982
3223
4026
4568
4450
5300
6713
8691
8824
709
754
1800
2010
2221
2515
2834
2987
3777
4339
4193
4664
6290
7815
8573
1986
1987
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
377
432
1170
1322
1463
1713
1961
2195
2656
2967
2884
3357
4257
5119
5298
488
571
1388
1571
1808
2087
2382
2566
3210
3580
3490
4161
5196
7162
6845
468
553
1423
1568
1682
1976
2252
2500
3125
3408
3281
3976
4900
6303
6421
405
444
1208
1448
1512
1816
2032
2248
2853
3296
3177
3517
4352
5288
5670
768
871
1969
2101
2329
2728
3048
3410
4033
4823
4652
5466
7419
9216
9449
930
1044
2246
2392
2652
3101
3415
3716
4529
5280
5026
5901
7781
9365
9877
1000
1053
2324
2547
2715
3054
3396
3725
4272
4743
4796
5447
7110
8420
9327
607
676
1511
1632
1774
2088
2350
2580
3209
3626
3559
4325
5905
7015
7531
403
421
1039
1211
1354
1547
1793
1927
2325
2573
2537
2690
3407
4308
4791
705
782
1705
1808
1979
2286
2483
2849
3463
3913
3832
4296
5705
6172
6994
1154
1288
2685
2848
3121
3621
3935
4263
5261
6076
5939
7026
9332
11139
11803
1343
1399
2907
3105
3263
3659
4069
4443
5073
5674
5738
6152
8675
10201
11631
832
912
1947
2117
2285
2657
2925
3209
3989
4642
4539
5335
7418
8818
9591
682
688
1582
1931
2121
2358
2659
2663
3231
3586
3710
3892
5109
6437
7150
1120
1229
2447
2539
2783
3174
3385
3793
4625
5346
5306
5862
7721
8879
9785
813
928
2013
2175
2438
2858
3165
3458
4194
4919
4615
5386
7029
8466
8930
866
925
2125
2358
2543
2863
3172
3501
4005
4405
4465
5445
6510
8128
8567
561
630
1410
1522
1659
1956
2217
2442
3047
3425
3386
4140
5553
6732
7137
396
413
1004
1152
1307
1492
1725
1866
2296
2527
2443
2596
3353
4219
4715
622
696
1571
1659
1834
2118
2347
2679
3270
3721
3535
4053
5468
5685
6605
475
535
1416
1516
1707
2028
2353
2615
3004
3469
3203
3724
4848
5718
5918
460
495
1404
1628
1811
1998
2237
2505
2928
3214
3240
3840
4671
5013
5449
290
341
918
996
1130
1354
1614
1729
2175
2298
2286
2868
3824
4484
4592
176
207
623
760
858
1029
1252
1373
1583
1757
1685
1794
1984
2562
2843
257
289
871
997
1063
1272
1438
1786
2131
2271
2281
2620
3335
3226
3651
High Grade
1000
1125
2437
2583
2820
3264
3691
4072
4804
5752
5552
6585
8889
11128
11591
Medium Grade
684
776
1807
1930
2167
2564
2833
3213
3796
4537
4371
5111
6981
8619
8725
Low Grade
350
419
1202
1332
1500
1746
1970
2293
2738
3187
3134
3542
4766
5877
5926
Level of Sales Activity, 2013
________________________________________________________
More
Same
Less
________________________________________________________
Percent
Northwest
16
31
53
9
33
59
Northeast
20
37
43
West Central
20
35
45
Central
18
41
40
East Central
15
38
47
8
20
71
South Central
16
36
48
Southeast
19
52
29
North Central
Southwest
STATE
16
36
48
________________________________________________________
Iowa Land Purchases, 2013
________________________________________________________________
Existing
Farmers
Investors
New
Farmers
Others
________________________________________________________________
Percent
Northwest
79
17
3
1
North Central
78
19
1
1
Northeast
77
16
5
3
West Central
80
16
3
1
Central
75
21
2
1
East Central
77
17
3
2
Southwest
75
19
4
2
South Central
68
27
3
2
Southeast
80
12
4
3
STATE
77
18
3
2
──────────────────────────────────────────────────────────────
Comparative Iowa Land Values
2012 - 2013
By Crop Reporting District:
2013
$/acre
District
2012
$/acre
Northwest
$10,960 $11,404
North Central
$9,818 $9,560
Northeast
$9,161 $8,523
West Central
$9,449 $9,216
Central
$9,877 $9,365
East Central
$9,327 $8,420
Southwest
$7,531 $7,015
South Central
$4,791 $4,308
Southeast
$6,994 $6,172
State Average $8,716 $8,296
2012-2013 Change
$
%
-$445
$258
$638
$233
$512
$906
$517
$483
$822
$420
-3.9%
2.7%
7.5%
2.5%
5.5%
10.8%
7.4%
11.2%
13.3%
5.1%
By County:
County Name
Adair
Adams
Allamakee
Appanoose
Audubon
Benton
Black Hawk
Boone
Bremer
Buchanan
Buena Vista
Butler
Calhoun
Carroll
Cass
Cedar
Cerro Gordo
Cherokee
Chickasaw
Clarke
Clay
Clayton
Clinton
Crawford
Dallas
Davis
Decatur
Delaware
Des Moines
Dickinson
Dubuque
Emmet
Fayette
Floyd
Franklin
Fremont
Greene
Grundy
Guthrie
Hamilton
2013
$/acre
2012
$/acre
$6,884
$5,564
$5,910
$3,820
$9,466
$9,826
$11,239
$10,225
$10,348
$10,113
$11,148
$9,904
$10,856
$10,270
$8,494
$9,566
$10,020
$10,581
$8,700
$4,228
$10,372
$7,814
$8,153
$9,539
$9,718
$5,070
$3,628
$9,805
$8,035
$9,798
$8,957
$10,155
$9,080
$9,863
$9,717
$8,021
$9,556
$10,931
$8,576
$10,907
$6,425
$5,094
$5,705
$3,414
$9,215
$9,134
$10,511
$9,614
$9,745
$9,479
$11,501
$9,387
$10,530
$10,401
$7,984
$8,545
$9,611
$10,739
$8,202
$3,791
$10,688
$7,542
$7,426
$9,475
$9,152
$4,553
$3,242
$9,290
$7,237
$10,176
$8,584
$10,466
$8,652
$9,203
$9,606
$7,416
$9,206
$10,253
$8,220
$10,514
2012–2013
$ Change % Change
$459
$470
$205
$406
$251
$692
$728
$611
$603
$634
-$353
$517
$327
-$130
$509
$1,021
$409
-$158
$498
$438
-$316
$271
$728
$64
$566
$517
$386
$515
$797
-$378
$373
-$311
$428
$660
$111
$604
$351
$679
$356
$393
7.15%
9.23%
3.60%
11.90%
2.72%
7.57%
6.92%
6.36%
6.18%
6.69%
-3.07%
5.51%
3.10%
-1.25%
6.38%
11.95%
4.25%
-1.47%
6.07%
11.54%
-2.96%
3.60%
9.80%
0.67%
6.18%
11.36%
11.90%
5.54%
11.02%
-3.72%
4.34%
-2.97%
4.95%
7.17%
1.16%
8.15%
3.81%
6.62%
4.33%
3.74%
County Name
Hancock
Hardin
Harrison
Henry
Howard
Humboldt
Ida
Iowa
Jackson
Jasper
Jefferson
Johnson
Jones
Keokuk
Kossuth
Lee
Linn
Louisa
Lucas
Lyon
Madison
Mahaska
Marion
Marshall
Mills
Mitchell
Monona
Monroe
Montgomery
Muscatine
O'Brien
Osceola
Page
Palo Alto
Plymouth
Pocahontas
Polk
Pottawattamie
Poweshiek
Ringgold
Sac
Scott
Shelby
Sioux
Story
Tama
Taylor
Union
Van Buren
Wapello
Warren
Washington
Wayne
Webster
Winnebago
Winneshiek
Woodbury
Worth
Wright
2013
$/acre
$9,884
$9,844
$9,088
$7,433
$7,824
$10,499
$10,281
$8,116
$7,481
$8,375
$5,904
$9,763
$8,332
$7,007
$10,231
$7,192
$10,175
$8,550
$4,010
$10,875
$7,542
$7,366
$7,079
$8,976
$8,955
$9,777
$8,292
$5,150
$7,260
$9,076
$12,384
$11,002
$6,674
$9,982
$11,366
$10,530
$9,174
$9,753
$8,138
$4,549
$10,931
$12,413
$9,719
$12,296
$10,566
$9,145
$5,116
$5,487
$5,406
$5,903
$7,420
$9,105
$3,845
$10,586
$9,263
$7,712
$8,426
$9,444
$10,786
2012
$/acre
$9,739
$9,498
$8,637
$6,696
$7,380
$10,375
$10,197
$7,454
$7,003
$7,643
$5,318
$8,774
$7,619
$6,330
$10,407
$6,454
$9,189
$7,681
$3,584
$11,295
$6,953
$6,636
$6,352
$8,339
$8,280
$9,123
$8,005
$4,627
$6,713
$8,112
$12,862
$11,426
$6,171
$10,199
$11,266
$10,580
$8,524
$9,142
$7,465
$4,124
$11,072
$11,039
$9,252
$12,502
$9,930
$8,527
$4,689
$4,972
$4,854
$5,319
$6,748
$8,226
$3,436
$10,207
$9,145
$7,354
$8,148
$9,063
$10,659
2012–2013
$ Change % Change
$146
1.49%
$346
3.64%
$451
5.22%
$737
11.01%
$445
6.02%
$125
1.20%
$84
0.83%
$662
8.88%
$478
6.83%
$733
9.58%
$585
11.01%
$989
11.27%
$713
9.37%
$677
10.69%
-$175
-1.68%
$737
11.42%
$985
10.72%
$869
11.32%
$426
11.90%
-$420
-3.72%
$589
8.47%
$730
11.00%
$726
11.43%
$637
7.64%
$675
8.15%
$654
7.17%
$286
3.58%
$524
11.32%
$547
8.15%
$964
11.88%
-$478
-3.72%
-$425
-3.72%
$503
8.15%
-$217
-2.13%
$99
0.88%
-$50
-0.47%
$650
7.63%
$611
6.68%
$673
9.01%
$425
10.31%
-$141
-1.28%
$1,374
12.45%
$467
5.04%
-$206
-1.64%
$637
6.41%
$618
7.25%
$427
9.10%
$515
10.36%
$553
11.39%
$584
10.97%
$671
9.95%
$879
10.69%
$409
11.90%
$379
3.71%
$118
1.29%
$358
4.87%
$278
3.41%
$381
4.20%
$127
1.19%
2013 and 2012 Iowa Land Values
10,875
11,295
9,798
10,176
11,002
11,426
Sioux
Clay
O'Brien
12,296
12,502
12,384
12,862
11,366
11,266
Woodbury
Monona
10,931
11,072
9,539
9,475
Shelby
Harrison
9,088
8,637
9,466
9,215
Montgomery
7,260
6,713
Page
Fremont
8,021
7,416
6,674
6,171
Dallas
6,884
6,425
Adams
5,564
5,094
Taylor
5,116
4,689
5,487
4,972
Ringgold
4,549
4,124
8,976
8,339
Clarke
4,228
3,791
Decatur
3,628
3,242
Mahaska
7,079
6,352
Lucas
4,010
3,584
Wayne
3,845
3,436
Iowa
5,150
4,627
Appanoose
3,820
3,414
7,007
6,330
Wapello
5,903
5,319
Davis
5,070
4,553
9,566
8,545
9,763
8,774
Muscatine
9,076
8,112
Washington
Keokuk
7,366
6,636
Monroe
Johnson
8,116
7,454
8,138
7,465
8,375
7,643
7,420
6,748
8,332
7,619
10,175
9,189
Jackson
7,481
7,003
Clinton
8,153
7,426
Cedar
Poweshiek
Marion
8,957
8,584
Jones
Linn
9,826
9,134
9,145
8,527
Jasper
Warren
7,542
6,953
Union
10,566
9,930
9,174
8,524
Madison
9,805
9,290
Marshall
Polk
9,718
9,152
8,576
8,220
Benton
Dubuque
Delaware
10,113
9,479
11,239
10,511
Tama
7,814
7,542
Buchanan
Black Hawk
10,931
10,253
Clayton
9,080
8,652
10,348
9,745
Grundy
5,910
5,705
Fayette
Bremer
9,904
9,387
9,844
9,498
Story
10,225
9,614
9,556
9,206
Adair
8,494
7,984
10,907
10,514
Boone
Guthrie
Cass
9,753
9,142
8,955
8,280
Greene
Audubon
Pottawattamie
10,586
10,207
8,700
8,202
Butler
Hardin
7,712
7,354
Chickasaw
9,863
9,203
9,717
9,606
Hamilton
10,270
10,401
9,719
9,252
Mills
Webster
10,856
10,530
Carroll
Crawford
8,292
8,005
10,786
10,659
Calhoun
Sac
10,281
10,197
10,530
10,580
Franklin
Wright
10,499
10,375
Floyd
10,020
9,611
Allamakee
Winneshiek
7,824
7,380
9,777
9,123
Cerro Gordo
9,884
9,739
Humboldt
Pocahontas
11,148
11,501
Ida
8,426
8,148
9,982
10,199
9,444
9,063
Hancock
10,231
10,407
Howard
Mitchell
Worth
Winnebago
9,263
9,145
Palo Alto
Buena Vista
10,581
10,739
Kossuth
10,155
10,466
10,372
10,688
Cherokee
Plymouth
Emmet
Dickinson
Osceola
Lyon
9,105
8,226
Jefferson
5,904
5,318
Van Buren
5,406
4,854
County estimates of average dollar value per acre for Iowa farmland based on
U.S. Census of Agriculture estimates and the Nov. 1, 2013, Iowa Land Value
Survey conducted by ISU Extension and Outreach. The top figure is the estimated
Nov. 1, 2013, value; the bottom figure is the estimated Nov. 1, 2012, value.
Louisa
Henry
7,433
6,696
Lee
7,192
6,454
8,550
7,681
Des Moines
8,035
7,237
Scott
12,413
11,039
Percentage Change in Iowa Land Values 2012 to 2013
$10,875
-3.72%
$9,798
-3.72%
$11,002
-3.72%
Sioux
Clay
O'Brien
$12,296
-1.64%
$12,384
-3.72%
Cherokee
Plymouth
Woodbury
$8,426
3.41%
Monona
$8,292
3.58%
Harrison
Humboldt
Pocahontas
$10,530
-0.47%
$10,281 $10,931
0.83% -1.28%
Shelby
-1.68%
Webster
$10,586
3.71%
Greene
$10,270
-1.25%
Audubon
$10,786
1.19%
Dallas
Guthrie
$9,863
7.17%
$7,824
6.02%
$8,700
6.07%
$9,904
5.51%
Fayette
$10,931
6.62%
Clayton
Buchanan
$7,814
3.60%
Benton
$9,805
5.54%
Linn
Marshall
$8,976
7.64%
Jasper
$9,826
7.57%
$9,145
7.25%
Dubuque
Delaware
$10,113
6.69%
$11,239
6.92%
Tama
$5,910
3.60%
$9,080
4.95%
$10,348
6.18%
Black Hawk
Allamakee
$7,712
4.87%
Bremer
Grundy
$9,844
3.64%
Winneshiek
Chickasaw
Butler
$10,566
6.41%
Polk
Floyd
$9,717
1.16%
Story
$10,225
6.36%
$9,777
7.17%
$10,020
4.25%
Hardin
$10,907
3.74%
Boone
$9,556
3.81%
$9,444
4.20%
Franklin
Hamilton
$10,856
3.10%
Carroll
$9,884
1.49%
Howard
Mitchell
Worth
Cerro Gordo
Wright
$10,499
1.20%
Calhoun
Sac
$9,539
0.67%
$10,231 Hancock
$9,982
-2.13%
$11,148
-3.07%
Crawford
Winnebago
$9,263
1.29%
Palo Alto
Buena Vista
Ida
Kossuth
$10,155
-2.97%
$10,372
-2.96%
$10,581
-1.47%
$11,366
0.88%
Emmet
Dickinson
Osceola
Lyon
$10,175
10.72%
Jones
$8,332
9.37%
Cedar
Poweshiek
Iowa
Johnson
$8,957
4.34%
Jackson
$7,481
6.83%
Clinton
$8,153
9.80%
$9,566
Scott
11.95%
$8,116
$9,088
$8,138
$8,375
$9,719
$9,718
$9,763
$9,174
$12,413
8.88%
5.22%
9.01%
9.58%
5.04%
6.18%
11.27% Muscatine
7.63%
12.45%
Warren
Mahaska
Washington
Keokuk
$9,076
Cass
Marion
Adair
Madison
Pottawattamie
11.88%
$9,105 Louisa
$7,007
$7,420
$7,366
$7,079
$7,542
$9,753
$8,494
$6,884
10.69%
10.69%
9.95%
11.00%
11.43%
8.47%
6.68%
6.38%
7.15%
$8,550
Montgomery Adams
Lucas
Henry
Mills
Union
Monroe
Wapello
Jefferson
Clarke
11.32%
Des Moines
$5,904
$8,955
$5,903
$7,260
$5,150
$4,010
$4,228
$5,564
$5,487
$7,433
11.01%
8.15%
10.97%
8.15%
11.32%
11.90%
11.54%
9.23%
10.36%
11.01% $8,035
Page
Fremont
Ringgold
Davis
Taylor
Decatur
Appanoose
Wayne
Van Buren
11.02%
$9,466 $8,576
2.72% 4.33%
$8,021
8.15%
$6,674
8.15%
$5,116
9.10%
$4,549
10.31%
$3,628
11.90%
$3,845
11.90%
$3,820
11.90%
$5,070
11.36%
$5,406 Lee
11.39% $7,192
11.42%
County estimates of average dollar value per acre for Iowa farmland based on
U.S. Census of Agriculture estimates and the Nov. 1, 2013, Iowa Land Value
Survey conducted by ISU Extension and Outreach. The top figure is the estimated
Nov. 1, 2013, value; the bottom figure is the percentage of change from the
estimated Nov. 1, 2012, value.
2013 Iowa Land Values by Crop Reporting District
12,824 – 9,918 – 6,845
11,159 – 8,824 – 6,421
11,423 – 8,573 – 5,670
$10,960
$9,818
$9,161
Down 3.9%
Up 2.7%
Up 7.5%
11,591 – 8,725 – 5,926
11,803 – 8,930 – 5,918
11,631 – 8,567 – 5,449
$9,449
$9,877
$9,327
Up 2.5%
Up 5.5%
Up 10.8%
9,591 – 7,137 – 4,592
7,150 – 4,715 – 2,843
9,785 – 6,605 – 3,651
$7,531
$4,791
$6,994
Up 7.4%
Up 11.2%
Up 13.3%
Estimates of average dollar value per acre for high, medium, and low grade farmland on
Nov. 1, 2013, by Iowa Crop Reporting District, and the Crop Reporting District average
and the average percentage change from Nov. 1, 2012. The estimates are based on a
survey conducted by Iowa State University Extension and Outreach.
Percentage Change in Iowa Land Values 2012 to 2013
-3.72%
-3.72%
-3.72%
Sioux
Clay
O'Brien
-1.64%
-3.72%
0.88%
Winnebago
-3.07%
Cerro Gordo
1.49%
-2.13%
Humboldt
Pocahontas
4.20%
Hancock
-1.68%
1.20%
-0.47%
Floyd
Franklin
1.19%
6.07%
Ida
3.41%
0.83%
-1.28%
Hardin
Hamilton
3.71%
3.10%
3.74%
Grundy
3.58%
Greene
Carroll
Crawford
0.67%
6.36%
3.81%
-1.25%
Story
Boone
Dubuque
Delaware
Buchanan
6.62%
Benton
Jones
Linn
Marshall
Jackson
6.83%
9.37%
10.72%
7.57%
7.25%
7.64%
6.41%
4.34%
5.54%
6.69%
6.92%
Tama
Monona
3.60%
6.18%
5.51%
3.64%
Clayton
4.95%
Black Hawk
Calhoun
Sac
3.60%
Fayette
Bremer
Butler
Webster
Woodbury
4.87%
Chickasaw
7.17%
1.16%
Allamakee
Winneshiek
6.02%
7.17%
4.25%
Wright
Howard
Mitchell
Worth
1.29%
Palo Alto
Buena Vista
-1.47%
Kossuth
-2.97%
-2.96%
Cherokee
Plymouth
Emmet
Dickinson
Osceola
Lyon
Clinton
Cedar
Shelby
Harrison
5.22%
Audubon
5.04%
Dallas
Guthrie
2.72%
6.18%
4.33%
Poweshiek
Jasper
Polk
7.63%
9.58%
Iowa
Johnson
8.88%
9.01%
9.80%
11.95%
11.27%
Muscatine
Cass
Pottawattamie
6.68%
Adair
6.38%
Warren
Madison
7.15%
8.47%
Mahaska
Marion
9.95%
11.43%
Washington
Keokuk
11.00%
10.69%
10.69%
Scott
12.45%
11.88%
Louisa
11.32%
Mills
8.15%
Fremont
8.15%
Montgomery
8.15%
Page
8.15%
Adams
9.23%
Taylor
9.10%
Union
10.36%
Ringgold
10.31%
Clarke
11.54%
Decatur
11.90%
Lucas
11.90%
Wayne
11.90%
Monroe
11.32%
Appanoose
11.90%
Wapello
10.97%
Davis
11.36%
Jefferson
11.01%
Henry
11.01%
Des Moines
11.02%
Van Buren
11.39% Lee
11.42%
Percentage Change
Decreased
Increased 0.1% to 4.9%
Increased 5.0% to 9.9%
Increased 10.0% or more
2013 Iowa Land Values
$10,875
$11,002
Sioux
$12,384
Cherokee
Plymouth
$11,366
$9,982
Buena Vista
Humboldt
$10,530
Franklin
Wright
$10,499
Floyd
$10,020
$10,786
$8,700
Ida
$9,904
Sac
$10,281 $10,931
$8,426
Hardin
Hamilton
$10,586
$10,856
$10,907
Grundy
$8,292
Greene
Carroll
Crawford
$9,539
$10,270
Story
Boone
$10,225
$9,556
$7,814
$9,080
$10,113
$11,239
$9,805
Benton
$8,957
Jones
Linn
Marshall
$10,566
Dubuque
Delaware
Buchanan
$10,931
$9,844
Tama
Monona
Clayton
$10,348
Black Hawk
Calhoun
$5,910
Fayette
Bremer
Butler
Webster
Woodbury
$7,712
Chickasaw
$9,863
$9,717
Allamakee
Winneshiek
$7,824
$9,777
Cerro Gordo
$9,884
Pocahontas
$11,148
$9,444
$10,231 Hancock
Howard
Mitchell
Worth
Winnebago
$9,263
Palo Alto
$10,372
$10,581
Kossuth
$10,155
$9,798
Clay
O'Brien
$12,296
Emmet
Dickinson
Osceola
Lyon
$8,976
$8,332
$10,175
$9,826
$9,145
Jackson
$7,481
Clinton
Cedar
Shelby
Harrison
$9,088
Audubon
$9,719
Dallas
Guthrie
$9,466
$8,576
$9,718
Poweshiek
Jasper
Polk
$9,174
Iowa
$8,116
$8,138
$8,375
Johnson
$9,566
$9,763
Muscatine
Cass
Pottawattamie
$9,753
Mills
$8,955
Fremont
$8,021
Adair
$8,494
Montgomery
$7,260
Page
$6,674
$6,884
Adams
$5,564
Taylor
$5,116
Warren
Madison
$7,542
Union
$5,487
Ringgold
$4,549
$7,420
Clarke
$4,228
Decatur
$3,628
Mahaska
Marion
$7,079
Lucas
$4,010
Wayne
$3,845
$7,366
Monroe
$5,150
Appanoose
$3,820
Washington
Keokuk
$7,007
Wapello
$5,903
Davis
$5,070
$9,105
Jefferson
$5,904
$8,153
Scott
$12,413
$9,076
Louisa
Henry
$8,550
$7,433
Van Buren
$5,406 Lee
$7,192
Des Moines
$8,035
Dollar Values
$6,000 or less
$6,001 to $8,000
$8,001 to $10,000
$10,001 or more