Iowa Farmland Posts 9.4% Six-Month Gain
MAR 28, 2013
The value of Iowa farmland rose 9.4% from September to March, according to a survey of land professionals conducted by the Iowa Chapter of the REALTORS Land Institute.
The survey pegs the statewide value of an acre of high-quality cropland at $11,515 an acre; the average value of an acre of medium-quality cropland at $8,693 an acre; the average value of an acre of low-quality cropland at $5,864 an acre.
Nebraska Farmland Posts 25% Annual Gain
MAR 25, 2013
The value of Nebraska farmland rose 25% over the 12-month period ending February 1, according to preliminary data from the 2013 University of Nebraska-Lincoln Nebraska Farm Real Estate Market Developments Survey.
Survey: Excellent-quality Illinois Farmland Up 21% in 2012
MAR 14, 2013
A survey of the state's farm managers and appraisers found the value of Illinois farmland again rose by double-digits in 2012 and farmland values are expected to rise in 2013 as well, according to the 2013 Illinois Land Values and Lease Trends Report released today at the Illinois Land Values Conference sponsored by the Illinois Society of Professional Farm Managers and Rural Appraisers.
"The price of excellent productivity farmland was estimated at $10,510 per acre price on Jan. 1, 2012 and $12,670 per acre price on Dec. 31, 2012, an increase of 21% during the year," says Dale Aupperle, AFM, ARA, general chairman for the annual Land Values Report program sponsored by the Society. "Good quality farmland price was estimated at $8,980 at the beginning of the year and $10,500 at the end of the year, an increase of 17%. Average farmland price was $7,560 per acre at the beginning of year and $8,770 at the end of year, an increase of 16%. And Fair productivity price was $5,980 at the beginning of the year and $6,980 at the end of the year, indicating a price increase of 17%."
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