Determining Farmland Value | Top 50 Farmland Questions Answered

What is Your Farm Worth?

Top 50 Questions about Farmland

Hey, it's the Iowa Land guy, and here's the top 50 questions that I get asked about farmland. What is your farm worth? Wow, what a loaded question. There are so many things that go into a farmland valuation, from shape topography to slope soil type, neighbors are a big one, but, in Iowa, we base a lot off of CSR score.

So again, 1978, you'll find out in one of our other videos. That, uh, Iowa State came up with a CSR score and it's basically a scoring system. Worst of first, how good is your farm's productivity? So the better the CSR score, oftentimes the better the price of your farmland. In Iowa, there are websites out there that might tell you, uh, here's a generic value of what we think your farm is worth.

But, it's a generic calculated value of an algorithm. I'm gonna tell you, don't trust it. It's like a Zestimate on Zillow. It's not necessarily a hundred percent accurate. You want to get with a trusted farmland professional and get a set of eyes on the farm because no two farms are created equal.

Good example. I sold a farm once, and then I sold another one five miles away and they brought a $4,000 difference. How important is how the farm lays the farm ability? How easy is it to farm and who are the neighbors? Um, and what is the current market? Uh, give another example. The market has changed about 37% over the last year and a half.

Wow. That's a big change, a lot of online calculators can't keep up with that. Even some of the surveys that come out can't keep up with the current market conditions. You want to hire a trusted professional to get you a number on what your farmer's worth. I want to also add, uh, of course, you can go to our and we offer a, what is my farm worth, uh, valuation, where we'll give you a little insight to what it looks like and what you know, how good your farm is.

We like to put those together in a chance to earn your business.

David Whitaker | Iowa Land Guy