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Dr. Michael Duffy, Iowa State University Extension Economist
Iowa Land Value Survey2011
Statewide Average
$6,708up 32.5%up $1,644
High Grade Land
$8,198up 34.2%up $2,090
Medium Grade Land
$6,256up 31.5%up $1,498
Low Grade Land
$4,257up 26.8%up $900
Northwest
$8,338up 2.8%up $83
high $9,649med $7,708low $5,196
up 31.2%up $1983
North Central
$7,356up 28.0%up $1,610
high $8,601med $6,713low $4,900
Northeast
$6,602up 31.5%up $1,580
high $7,994med $6,290low $4,352
West Central
$7,419up 35.7%up $1,954
high $8,889med $6,981low $4,766
Central
$7,781up 31.9%up $1,880
high $9,332med $7,029low $4,848
East Central
$7,110up 30.5%up $1,664
high $8,675med $6,510low $4,671
Southwest
$5,905up 36.5%up $1,579
high $7,418med $5,553low $3,824
South Central
$3,407up 26.7%up $718
high $5,109med $3,353low $1,984
Southeast
$5,705up 32.8%up $1,409
high $7,721med $5,468low $3,335
AVERAGE VALUESall grades 1950−2011
19501954
19581962
19661970
19741978
19821986
19901994
19982002
20062010
$-
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
PERCENTAGE CHANGE from previous year, 1951−2011
%
%
%
%
%
%
%
%1950
19521954
19561958
19601962
19641966
19681970
19721974
19761978
19801982
19841986
19881990
19921994
19961998
20002002
20042006
20082010
-35
-25
-15
-5
5
15
25
35
AVERAGE VALUESadjusted for inflation
19501954
19581962
19661970
19741978
19821986
19901994
19982002
20062010
$-
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
PERCENTAGE CHANGE adjusted for inflation
19501952
19541956
19581960
19621964
19661968
19701972
19741976
19781980
19821984
19861988
19901992
19941996
19982000
20022004
20062008
2010-35.0%
-25.0%
-15.0%
-5.0%
5.0%
15.0%
25.0%
35.0%
Chart Title
2011 AVERAGE VALUES
PERCENTAGE CHANGE
POSITIVE FACTORSaffecting land values
Commodity Prices
Interest Rates Best available investment
Yields Good farm economy
Money available0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
86%
62%
14% 14% 13% 11%
NEGATIVE FACTORS affecting land values
Land pric
es too high
High input c
osts
Global eco
nomic co
nditions
Risk/v
olitalit
y in agric
ulture
Weath
er
US economic
conditions
Land A
vailabilit
y0%
5%
10%
15%
20%
25%
30%
35%
31%
25% 24%
19%
13% 12% 11%
WHO PURCHASED farmland
Investors 22%
Existing Farmers
74%
New Farmers 3%
Others1%
WHO PURCHASED farmland
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Farmers Investors New Farmers Other
SALES ACTIVITYrelative to previous year
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
0%
10%
20%
30%
40%
50%
60%
70%
More Less Same
sales activity from previous yearCHANGE IN
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
For more information, visit
www.extension.iastate.edu/topic/landvalue