Iowa Land Values Survey

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Presentation transcript:

Iowa Land Values Survey 2006 Dr. Michael Duffy, Extension Economist Darnell Smith, Research Associate

Statewide Average $3,204 Up 10.0% Up $290

High Grade Land $3,835 Up 9.2% Up $324

Medium Grade Land $3,011 Up 10.1% Up $275

Low Grade Land $2,195 Up 11.9% Up $234

Northwest $3,783 Up 11.5% High $4,261 Medium $3,561 Low $2,566

North Central $3,478 Up 7.9% High $3,834 Medium $3,223 Low $2,500

Northeast $3,187 Up 7.6% High $3,816 Medium $2,987 Low $2,248

West Central $3,410 Up 11.9% High $4,072 Medium $3,213 Low $2,293

Central $3,716 Up 8.8% High $4,263 Medium $3,458 Low $2,615

East Central $3,725 Up 9.7% High $4,442 Medium $3,501 Low $2,505

Southwest $2,580 Up 9.8% High $3,209 Medium $2,442 Low $1,729

South Central $1,927 Up 7.5% High $2,663 Medium $1,866 Low $1,373

Southeast $2,849 Up 14.7% High $3,793 Medium $2,679 Low $1,786

2006 Average Values Dollar Values Less than $2,500 $2,500 - $3,499 $3,500 - $4,000 More than $4,000

Average Values All Grades 1950-2006

Average Values Adjusted For Inflation, 2006 Dollars

Percentage Changes Percentage Change Increased up to 8% Increased 8.1 to 10% Increased 10.1 to 12.5% Increased 12.6% or more

Percentage Change from Previous Year, 1951-2006

Percentage Change Adjusted for Inflation, 2006 Dollars

Positive Factors Affecting Land Values

Positive Factors Affecting Land Values, 2003-2006

Who Purchased Farmland

Change in Sales Activity from Previous Year

For More Information Visit our Web Page at wwww.extension.iastate.edu/landvalue/