Iowa State University Extension Economist

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Presentation transcript:

Iowa State University Extension Economist Iowa Land Value Survey 2010 Dr. Michael Duffy, Iowa State University Extension Economist

Statewide Average $5,064 up 15.9% up $693

High Grade Land $6,109 up 14.8% up $788

Medium Grade Land $4,758 up 16.7% up $682

Low Grade Land $3,357 up 16.4% up $472

$6,356 Northwest high $7,283 med $5,883 up 2.8% up $83 up 18.5% low $4,161 up 2.8% up $83 up 18.5% up $991

$5,746 North Central high $6,397 med $5,300 up 19.0% low $3,976

Northeast $5,022 high $6,076 med $4,664 low $3,517 up 12.5% up $558

West Central $5,466 high $6,585 med $5,111 low $3,542 up 17.5% up $814

Central $5,901 high $7,026 med $5,386 low $3,724 up 17.4% up $874

East Central $5,447 high $6,152 med $5,445 low $3,840 up 13.6% up $651

Southwest $4,325 high $5,335 med $4,140 low $2,868 up 21.5% up $766

South Central $2,690 high $3,892 med $2,596 low $1,794 up 6.0% up $153

Southeast $4,296 high $5,862 med $4,053 low $2,620 up 12.1% up $464

2010 AVERAGE VALUES

AVERAGE VALUES all grades 1950−2010

AVERAGE VALUES adjusted for inflation

PERCENTAGE CHANGE

PERCENTAGE CHANGE from previous year, 1951−2010

PERCENTAGE CHANGE adjusted for inflation

POSITIVE FACTORS affecting land values

NEGATIVE FACTORS affecting land values

WHO PURCHASED farmland

WHO PURCHASED farmland

SALES ACTIVITY relative to previous year

CHANGE IN sales activity from previous year

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