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Despite the decline, the average value of Iowa farmland remains 58.3% higher than it was five years ago, the report found. ... The highest per-acre farmland sale was $30,000 in Sioux County in 2022.
Despite rising interest rates and lower farm income, Iowa farmland values averaged a record $11,835 this year, an Iowa State University survey shows Iowa farmland values climb 3.7% in 2023 ...
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For example, using UK government Livestock Units (LUs) from the 2003 scheme [1] a particular 10 ha (25-acre) pasture field might be able to support 15 adult cattle or 25 horses or 100 sheep: in that scheme each of these would be regarded as being 15 LUs, or 1.5 LUs per hectare (about 0.6 LUs per acre).
On July 21, 2023, the OMB delineated seven combined statistical areas, nine metropolitan statistical areas, and 15 micropolitan statistical areas in Iowa. [1] As of 2023, the largest of these is the Des Moines-West Des Moines-Ames, IA CSA , comprising the area around Iowa's capital and largest city, Des Moines .
The average price of Iowa farmland reached $11,835 an acre last year, an ISU survey shows, the second year in a row that values set a record high. They have climbed 63% compared to five years ago ...
The current spread accounts for about three-fourths of the retail price for a market basket of foods, according to USDA. The farm value varies for each type of food; for example, in 2004, it accounted for about 35% of the retail cost of eggs, compared to about 19% for fresh fruit and vegetables, and about 6% for cereal and bakery products.
More: As ag downturn, layoffs continue, Iowa farmland sees first drop in value in five years. ... that offered to pay cash prices 42 cents per bushel, or about 10%, higher than futures. ...