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The small increase from the 2023 Iowa State University Land Value Survey of 3.7% falls within that expectation. On the other end of the spectrum, nearly 70% of the respondents believe that land values are higher than they should be and about 50% expect a decline in the next year.
The 2023 Iowa State University Land Value Survey is based on 417 usable county-level land value estimates provided by 282 agricultural professionals. Of the 282 respondents, 41% completed the survey online. Online responses allow participants to provide estimates for up to 12 counties.
The 2023 Iowa Land Value Survey. This annual survey includes information on the average value of an acre of farmland in Iowa by county and how the current year's numbers compare to years past. You can download your copy or stop into our office for a printed version.
Department of Economics at Iowa State University and Iowa State University Extension and Outreach. The survey is intended to provide information on general land value trends, geographical land price relationships, and factors influencing the Iowa land market.
The 2022 Iowa State University Land Value Survey reported a 17.0% increase to $11,411 per acre for average Iowa farmland values from November 2021 to November 2022. This continues the dramatic surge from last year and the $11,411/acre nominal land value is the highest-ever since data collection began in the 1940s.
A Land Value Survey web portal, card.iastate. edu/farmland, has been developed to pool various sources of Iowa farmland values. It offers visualization tools like charts and interactive county maps to examine land value trends over time and across space at the county, district, and state level.
The 2022 statewide average for all qualities of land, estimated at $11,411 per acre, is an increase of $1,660 per acre (17%) from 2021. All 99 counties in Iowa reported an increase in land value. O’Brien County reported the highest value, $16,531 per acre and largest dollar increase, $2,818 per acre.
