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Dr. Michael Duffy, Iowa State University Extension Economist
Iowa Land Value Survey2014
$7,943
Statewide Average
down -8.9%
down -$773
High Grade Land
$9,854down -9.0%
down -$974
Medium Grade Land
$7,359down -8.5%
down -$688
Low Grade Land
$4,878down -7.9%
down -$420
Northwest
up 2.8%up $83
$9,615high 11,201$ med 8,698$ low 6,091$
down -12.3%
down -$1,345
North Central
$8,536
down -13.1%
down -$1,282
high 9,630$ med 7,874$ low 5,428$
Northeast
$8,151high 10,083$ med 7,591$ low 5,256$
down -11.0%
down -$1,010
West Central
$8,424high 10,275$ med 7,827$
low 5,173$ down -10.8%
down -$1,024
Central
$9,087high 10,780$ med 8,327$ low 5,582$
down -8.0%
down -$790
East Central
$9,008high 11,034$ med 8,388$ low 5,479$
down -3.4%
down -$319
Southwest
$6,513high 8,482$ med 6,108$ low 3,860$
down -13.5%
down -$1,018
South Central
$4,475high 6,663$ med 4,318$ low 2,808$
down -6.6%
down -$317
Southeast
$7,215high 10,150$ med 6,715$ low 3,891$
up 3.2%
up $221
AVERAGE VALUESall grades 1950−2014
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
PERCENTAGE CHANGE from previous year, 1951−2014
-35%
-25%
-15%
-5%
5%
15%
25%
35%
AVERAGE VALUESadjusted for inflation
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
PERCENTAGE CHANGE adjusted for inflation
-35%
-25%
-15%
-5%
5%
15%
25%
35%
2014 AVERAGE VALUES
PERCENTAGE CHANGE
POSITIVE FACTORSaffecting land values
Interest rates Land availability Cash available Strong yields Livestock returns0%
10%
20%
30%
40%
50%
60%
70%
62%
28%
21%18% 18%
NEGATIVE FACTORS affecting land values
Low commodity prices High input prices Uncertain ag future0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
94%
20%14%
WHO PURCHASED farmland
Existing Farmers; 78%
Investors; 18%
New Farmers; 3% Others; 1%
WHO PURCHASED farmland
19891990
19911992
19931994
19951996
19971998
19992000
20012002
20032004
20052006
20072008
20092010
20112012
20132014
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Farmers Investors New Farmers Other
SALES ACTIVITYrelative to previous year
19861987
19881989
19901991
19921993
19941995
19961997
19981999
20002001
20022003
20042005
20062007
20082009
20102011
20122013
20140%
10%
20%
30%
40%
50%
60%
70%
More Less Same
sales activity from previous yearCHANGE IN
More - 14%Less - 45%
Same - 41%
More - 17%Less - 47%
Same - 36%
More - 13%Less - 52%
Same - 34%
More - 7%Less - 69%
Same - 23%
More - 8%Less - 68%
Same - 24%
More - 14%Less - 62%
Same - 24%
More - 5%Less - 86%
Same - 9%
More - 8%Less - 60%
Same - 32%
More - 11%Less - 62%
Same - 27%
SUMMARY• 8.9 percent decrease largest decrease since 1986
• Land values are still 18 percent higher than in 2011
• Southeast Iowa continued to increase in value, the only area in the state to do so
• Number of sales dropped considerably
• Farm income and interest rates will be keys to watch
For more information, visit
www.card.iastate.edu
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