Posts from April 6th, 2020
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6
Iowa Cropland Values Show Continued Stability
The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average increase of 0.1% for tillable cropland values from September 2019 to March 2020 period. In our east central district, high quality cropland is selling at $10,136 per acre, or at the second highest rate in the state. Timber is selling at $2,706 per acre. "It is heartening to see the increase year-over-year in farmland values," said Eric Schlutz, ALC, Realtor and manager of the Ruhl&Ruhl Realtors Muscatine Office. "The increase in our region, and statewide, reflects the continued stability of land." For the survey, participants are asked to estimate the average value of farmland as of March 1, 2020. These estimates are for bare, unimproved land with a sale price on a cash basis. Pasture and timberland values were also requested as supplemental information.
Ruhl Farm&Land, a division of Ruhl&Ruhl Realtors, is focused on the sale, purchase and ma...
