Skip to main content.
Greater Ottumwa Partners in Progress Logo Logo
Contact Us Today! 641.682.3465
  • Housing
  • Investors
    • Investor Directory
      • Advertising and Media
      • Agriculture
      • Associate Members
      • Attorneys and Legal Services
      • Automotive
      • Communication and IT
      • Community and Non-Profit
      • Construction
      • Education
      • Entertainment
      • Finance and Investments
      • Fuel and Convenience
      • Healthcare and Treatments
      • Insurance
      • Lodging and Travel
      • Manufacturing
      • Personal Care
      • Pets and Veterinary
      • Professional Services
      • Real Estate
      • Restaurants and Food
      • Senior Services
      • Shopping and Retail
      • Utilities
      • View All
    • Why Join?
    • Become an Investor
    • Committees
    • GOPIP Partners
    • GOPIP Bucks
    • Request Ribbon Cutting
  • Business
    • Business Resources
    • Find Sites & Buildings
    • Employment
    • Find Talent
  • Advocacy
  • Economic Development
    • Why Ottumwa, IA?
    • Relocate
    • Site Selectors
      • Wapello County Profile
      • Available Buildings
      • Available Land
      • Helgerson Flats
    • City of Ottumwa 2040 Comprehensive Plan
    • Success Stories
    • Available for Rent
      • Submit a Rental Listing
    • Childcare Resources
  • Events
    • Lean In
    • Ottumwa International Film Festival
    • Lemonade Day
    • Greater Ottumwa Rodeo
    • Golf Classic
    • GOPIP Annual Banquet
      • Gene Schultz Community Service Award
    • Dia de los Muertos
    • Holiday Nights ‘N Lights
    • Volunteer
  • News + Media
    • News
    • Newsletters
    • Podcasts
  • About
    • Diversity, Equity & Inclusion
    • Board of Directors
    • Staff
    • Strategic Priorities
  • Foundation
  • Contact
News
  1. Home
  2. News + Media
  3. News
  4. Iowa Farmland Prices Increase
Iowa Farmland Prices Increase main photo

Iowa Farmland Prices Increase

February 2, 2022

Farmland prices in Iowa reached a new high this year of about $9,750 per acre, according to Iowa State University’s annual Farmland Value Survey.

Higher commodity prices, favorable interest rates and strong yields were the primary driving forces behind an uptick in land sales, the survey revealed.



However, the state’s agricultural land in 2013 was more valuable when adjusted for inflation. That year, the survey said an acre was worth about $8,700. That is the equivalent of about $10,400 in today’s dollars, according to the U.S. Bureau of Labor Statistics’ inflation calculator.

"The inflation-adjusted values are still less than the values for 2012 and 2013,” said Wendong Zhang, an associate professor of economics at Iowa State. "However, this is very, very significant. … The last time we have seen the land value changes increase close to or higher than 30% was in 2011.”

In absolute dollar figures, the average price for the state’s farmland is up 29% from 2020, when an acre was valued at about $7,560.

The latest figures were derived from the survey responses of 455 agricultural professionals throughout the state. Researchers combined that information with U.S. Census of Agriculture data to determine county land values.

Those land values are highest in far northwest Iowa and lowest in far southern Iowa.

About two-thirds of this year’s land sales were to existing local farmers, the survey found. Investors represented about a quarter of the buyers, and new farmers accounted for about 4%.

Abstract Shapes
Follow Us!
  • Facebook
  • Instagram
  • X-twitter
  • Youtube
  • Linkedin
  • Tiktok
  • View Custom ReportLearn More!
    Search
    • Facebook
    • Twitter
    • LinkedIn
    • Email
    • Print
    Faded Red Park with People Picnicking

    Why Iowa? Why Iowa?

    #1

    State for Cost of Living

    (CNBC, 2023)

    #1

    State in Renewable Energy 

    (EIA, 2022)

    #1

    State for Fiscal Responsibility 

    (CATO Institute, 2022)

    #1

    Highest Concentration of Agricultural Engineers 

    (BLS, 2020)

    180

    Insurance Companies Headquartered in Iowa

    (Iowa Insurance Division, 2021)

    #9

    Education Freedom 

    (Heritage Foundation, 2023)

    Become an Investor!

    When you invest with Greater Ottumwa Partners in Progress, you are doing more than investing in an organization.  You are investing in our Region.  Our programs and events support initiatives that improve the quality of life and advance the economy.

    Become an Investor Here!

    Greater Ottumwa Partners in Progress Logo Logo
    Greater Ottumwa Partners in Progress 217 East Main Street Ottumwa, IA 52501Phone 641-682-3465
    • Home
    • Main Street
    • Meet Ottumwa
    • Contact
    • Site Map
    © 2025 Greater Ottumwa Partners in Progress. All rights reserved. Economic Development Websites by Golden Shovel Agency.