2013
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Dr. Michael Duffy, Iowa State University Extension Economist PowerPoint PPT Presentation


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2013. Iowa Land Value Survey. Dr. Michael Duffy, Iowa State University Extension Economist. Statewide Average. $8,716. up 5.1% up $420. High Grade Land. $10,828. up 6.3% up $646. Medium Grade Land. $ 8,047. up 3.5% up $ 274. Low Grade Land. $ 5,298. up 3.5% up $ 179.

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Dr. Michael Duffy, Iowa State University Extension Economist

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Dr michael duffy iowa state university extension economist

2013

Iowa Land Value Survey

Dr. Michael Duffy,

Iowa State University Extension Economist


Dr michael duffy iowa state university extension economist

Statewide Average

$8,716

up 5.1%

up $420


Dr michael duffy iowa state university extension economist

High Grade Land

$10,828

up 6.3%

up $646


Dr michael duffy iowa state university extension economist

Medium Grade Land

$8,047

up 3.5%

up $274


Dr michael duffy iowa state university extension economist

Low Grade Land

$5,298

up 3.5%

up $179


Dr michael duffy iowa state university extension economist

Northwest

$10,960

high $12,824

med $9,918

low $6,845

up 2.8%

up $83

down 3.9%

down $445


Dr michael duffy iowa state university extension economist

North Central

$9,818

high $11,159

med $8,824

low $6,421

up 2.7%

up $258


Dr michael duffy iowa state university extension economist

Northeast

$9,161

high $11,423

med $8,573

low $5,670

up 7.5%

up $638


Dr michael duffy iowa state university extension economist

West Central

$9,449

high $11,591

med $8,725

low $5,926

up 2.5%

up $233


Dr michael duffy iowa state university extension economist

Central

$9,877

high $11,803

med $8,930

low $5,918

up 5.5%

up $512


Dr michael duffy iowa state university extension economist

East Central

$9,327

high $11,631

med $8,567

low $5,449

up 10.8%

up $906


Dr michael duffy iowa state university extension economist

Southwest

$7,531

high $9,591

med $7,137

low $4,592

up 7.4%

up $517


Dr michael duffy iowa state university extension economist

South Central

$4,791

high $7,150

med $4,715

low $2,843

up 11.2%

up $483


Dr michael duffy iowa state university extension economist

Southeast

$6,994

high $9,785

med $6,605

low $3,651

up 13.3%

up $822


Dr michael duffy iowa state university extension economist

AVERAGE VALUES

all grades 1950−2013


Dr michael duffy iowa state university extension economist

PERCENTAGE CHANGE

from previous year, 1951−2013


Dr michael duffy iowa state university extension economist

AVERAGE VALUES

adjusted for inflation


Dr michael duffy iowa state university extension economist

PERCENTAGE CHANGE

adjusted for inflation


Dr michael duffy iowa state university extension economist

2013 AVERAGE VALUES


Dr michael duffy iowa state university extension economist

PERCENTAGE CHANGE


Dr michael duffy iowa state university extension economist

POSITIVE FACTORS

affecting land values


Dr michael duffy iowa state university extension economist

NEGATIVE FACTORS

affecting land values


Dr michael duffy iowa state university extension economist

WHO PURCHASED

farmland


Dr michael duffy iowa state university extension economist

WHO PURCHASED

farmland


Dr michael duffy iowa state university extension economist

SALES ACTIVITY

relative to previous year


Dr michael duffy iowa state university extension economist

CHANGE IN

sales activity from previous year

More – 9%

Less – 59%

Same – 33%

More – 16%

Less – 53%

Same – 31%

More – 20%

Less – 43%

Same – 37%

More – 20%

Less – 45%

Same – 35%

More – 18%

Less – 40%

Same – 41%

More – 15%

Less – 47%

Same – 38%

More – 16%

Less – 48%

Same – 36%

More – 19%

Less – 29%

Same – 52%

More – 8%

Less – 71%

Same – 20%


Summary

SUMMARY

  • 5.1% increase is 9th out of last 10 years

  • Except for 2009 first single digit increase since 2003

  • Rate of increase slowed throughout the year mimicking drop in crop prices

  • NW Iowa showed actual declines in value

  • Gross farm income will be the factor to watch for future directions


Dr michael duffy iowa state university extension economist

For more information, visit

www.extension.iastate.edu/topic/landvalue


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