Iowa Cropland Value, Farm Real Estate Increase

By CnAgri2012-08-07 19:49:11 Print

Iowa's average cropland value increased to $7,300 per acre, up 23.7 percent from 2011, and the average pasture value rose to $3,000 per acre, a 13.2 percent increase from 2011. Farm real estate value in Iowa averaged $7,000 per acre in 2012, up 22.8 percent from 2011. The average farm real estate value of farmland and buildings increased to $175 billion in 2011, a 26.3 percent increase from 2010.

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $2,650 per acre for 2012, up 10.9 percent from revised 2011 values. Regional changes in the average value of farm real estate ranged from a 26.7 percent increase in the Northern Plains region to a 4.1 percent decline in the Southeast region. The highest farm real estate values were in the Corn Belt region at $5,560 per acre. The Mountain region had the lowest farm real estate value at $974 per acre.

The United States cropland value increased by $450 per acre (14.5 percent) to $3,550 per acre. In the Northern Plains and Corn Belt regions, the average cropland value increased 31.1 and 18.5 percent, respectively, from the previous year. However, in the Southeast region, cropland values decreased by 3.8 percent.