Farmland Issues Iowa Soybean Association Ankeny, Iowa Sept. 2, 2015 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911 1 1

Iowa Land Values Source: Mike Duffy, ISU

Iowa Land Values Source: William Murray, ISU

Iowa Land Values – Log Scale Source: Mike Duffy, ISU

Land Values and Income Source: Mike Duffy, ISU

Land Values and Income Source: Mike Duffy, ISU

Soybean Prices vs. Costs Per Bushel Cost calculated as Per Acre Cost from ISU Extension divided by Actual Yield per Acre Sources: USDA-NASS for Prices, Duffy for Costs

Crop Prices for the Next Decade Source: USDA-OCE

An average of 1.5 percent of Iowa’s farmland changes hands every year.

World Soybean Markets Source: USDA 25 25

Arable Land

Thank you for your time. Any questions. My web site: http://www. econ Thank you for your time! Any questions? My web site: http://www.econ.iastate.edu/~chart/ Iowa Farm Outlook: http://www.econ.iastate.edu/ifo/ Ag Decision Maker: http://www.extension.iastate.edu/agdm/