The average value of an acre of Iowa farmland rose 29 percent in 2021, according to Iowa State’s annual Land Value Survey.
The survey found the nominal value of an acre of farmland is higher than at any point since Iowa State University began surveying values in 1941 and is 12 percent higher than the previous peak in 2013. But, the current value is lower than 2012 and 2013 in inflation-adjusted terms.
Farmland values haven’t increased by more than 25 percent since 2011.
