As of April 2023, Iowa farmland prices continue to trend upward. Strong demand for quality agricultural land remains a key driver across the state. According to the Realtors Land Institute March survey, average Iowa farmland values increased by approximately 1 percent over the past six months.
This steady growth reflects continued confidence in the farmland market from both farmers and investors.
What’s Driving Iowa Farmland Prices Higher?
Several factors continue to support higher land values. Commodity prices remain strong, which improves farm profitability. At the same time, interest rates, while rising, are still relatively favorable compared to historical levels.
In addition, ongoing discussions surrounding the 2023 Farm Bill have helped boost confidence. Increased funding for conservation programs and long-term agricultural support encourages continued investment in farmland.
Together, these factors create a stable environment for land values.
Regional Differences Across Iowa
While the statewide trend remains positive, farmland price increases vary by region. The northwest and west-central regions of Iowa have experienced the strongest gains. These areas continue to attract buyers seeking high-quality, productive ground.
Meanwhile, the southeast and south-central regions have seen more moderate price growth. Even so, values in these regions remain steady and competitive.
Opportunities for Buyers and Sellers
Rising farmland prices can create challenges for buyers looking to expand. However, they also present strong opportunities for landowners considering a sale. With demand remaining high, sellers may benefit from favorable market conditions.
For buyers, careful analysis and long-term planning remain essential. Working with experienced professionals helps ensure informed decisions in a competitive market.
Iowa Farmland Auction Results
Results from the 142 Auctions (14,098 acres) this last year have the average for the state at $11,680/acre, high quality ground at $14,010/ acre, and medium quality ground averaging $9,195/ acre. Low quality ground has remained steady at an average of $6,003/ acre
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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
