March 2023 Iowa Farmland Value | Iowa Land Guy
The Iowa land market remains strong and continues to present solid profit opportunities. In March, a large number of acres came to market across the state. Although auction activity slowed in April, additional listings are expected after planting season. Land markets often move on emotion. Right now, farmer confidence remains high. As a result, prices continue to hold firm. For buyers and sellers alike, this strength is difficult to ignore.
What’s Driving Iowa Farmland Demand?
While some younger farmers express concern about rising land prices, the broader picture tells a different story. Many established farmers have already paid off their land. In addition, they have updated equipment and are actively looking to expand. Net farm income has also increased. Government support programs, including PPP and MFP payments, have added liquidity. At the same time, commodity prices have jumped, and interest rates remain historically low. Together, these factors continue to support strong farmland demand.
Iowa Farmland Auction Results
Recent auction data reinforces this strength in the market.
Over the past year, 38 auctions covering 3,346 acres produced the following statewide averages:
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Average Iowa farmland value: $11,899 per acre
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High-quality ground: $13,882 per acre
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Medium-quality ground: $9,928 per acre
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Low-quality ground: $6,878 per acre
Low-quality land values have remained steady, while higher-quality ground continues to command premium pricing.
Market Outlook
I remain bullish on the Iowa farmland market. It has proven resilient through changing conditions and continues to reward informed investors and farmers. Opportunities remain available for those ready to act. The Iowa land market is strong, active, and positioned for continued growth.
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Our obligation; is to market your farmland to the largest audience yielding you the most successful outcome!
David & Ann Whitaker | Iowa Land Guy
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Iowa Land Values by CSR Score: Green= 75-100CSR Tan=50-75CSR Orange= less than 50CSR
Farmland in Iowa by Acres Sold
Farmland Values in Iowa across the state
