Record $19,000 Per Acre Iowa Farmland Sale Fueled By Inflation, Strong Commodity Prices

By TYNE MORGAN

Ag Web

Farm Journal

The size of Iowa's crop will play a major part in the price buyers pay for Iowa land this year. That's as real estate appraisers call the land market the hottest they’ve seen in 40 years.

“The market has been intensely aggressive,” says Jim Rothermich, of Iowa Appraisal and Research. “After the first of the year, the market just exploded. My auction sale data indicates the markets been up 25% from January 1 to June 30.”

The average statewide price is $10,800, which is up more than $2,000 from the same period last year.

READ & SEE MORE

don molino