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Dr. Michael Duffy, Iowa State University Extension Economist

2012. Iowa Land Value Survey. Dr. Michael Duffy, Iowa State University Extension Economist. Statewide Average. $8,296. up 23.7% up $1,588. High Grade Land. $10,181. up 24.2% up $1,983. Medium Grade Land. $7,773. up 24.3% up $1,517. Low Grade Land. $5,119. up 20.2%

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Dr. Michael Duffy, Iowa State University Extension Economist

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  1. 2012 Iowa Land Value Survey Dr. Michael Duffy, Iowa State University Extension Economist

  2. Statewide Average $8,296 up 23.7% up $1,588

  3. High Grade Land $10,181 up 24.2% up $1,983

  4. Medium Grade Land $7,773 up 24.3% up $1,517

  5. Low Grade Land $5,119 up 20.2% up $862

  6. Northwest $11,404 high $12,890 med $11,011 low $7,162 up 2.8% up $83 up 36.8% up $3,066

  7. North Central $9,560 high $10,765 med $8,691 low $6,303 up 30.0% up $2,204

  8. Northeast $8,523 high $10,708 med $7,815 low $5,288 up 29.1% up $1,921

  9. West Central $9,216 high $11,128 med $8,619 low $5,877 up 24.2% up $1,797

  10. Central $9,365 high $11,139 med $8,466 low $5,718 up 20.4% up $1,583

  11. East Central $8,420 high $10,201 med $8,128 low $5,013 up 18.4% up $1,310

  12. Southwest $7,015 high $8,818 med $6,732 low $4,484 up 18.8% up $1,110

  13. South Central $4,308 high $6,437 med $4,219 low $2,562 up 26.4% up $901

  14. Southeast $6,172 high $8,879 med $5,685 low $3,226 up 8.2% up $467

  15. AVERAGE VALUES all grades 1950−2012

  16. PERCENTAGE CHANGE from previous year, 1951−2012

  17. AVERAGE VALUES adjusted for inflation

  18. PERCENTAGE CHANGE adjusted for inflation

  19. 2012 AVERAGE VALUES

  20. PERCENTAGE CHANGE

  21. POSITIVE FACTORS affecting land values

  22. NEGATIVE FACTORS affecting land values

  23. WHO PURCHASED farmland

  24. WHO PURCHASED farmland

  25. SALES ACTIVITY relative to previous year

  26. CHANGE IN sales activity from previous year More – 64% Less – 8% Same – 28% More – 64% Less – 5% Same – 31% More – 52% Less – 23% Same –25% More – 65% Less – 14% Same –21% More – 59% Less – 12% Same – 29% More – 51% Less – 18% Same –31% More – 30% Less – 38% Same – 32% More – 41% Less – 11% Same – 48% More – 63% Less – 13% Same – 24%

  27. SUMMARY • Record land values continuing with new records being recorded in different categories • Regional differences are occurring • Farmers are 78% of purchasers compared to just 56% in 2005 • Increased sales as people make adjustments to taxes and higher land prices • Major uncertainties in many factors that determine land values • Land increased 64% in past 3 years but it decreased in value the year before that • Need to keep a realistic perspective

  28. For more information, visit www.extension.iastate.edu/topic/landvalue

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