Posts in category 'Farm And Land'
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18
Iowa Farmland Value Decreases, but Demand Stays Strong
Despite a decrease in the value of cropland across the state of Iowa, there continues to be high demand for certain types of land.
The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average decrease of cropland values of 4.2% for the year from March 1, 2013 to March 1, 2014. This follows an increase of 17.1% for the year from March 2012 to March 2013; and an average increase of 23.7% for the year from March 2011 to March 2012. This is the first reported statewide decrease since March 2008 through March 2009.
"Although lower commodity prices have put some downward pressure on low and medium quality farms, we are still seeing strong...
16
Iowa Farmland Increased 18.5% in Value
The value of cropland across the state of Iowa continues to be on the rise, along with high demand. The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average increase of cropland values of 18.5% for the year from September 1, 2011 to September 1, 2012. This follows an average increase of 32.6% for the year from September 2010 to September 2011; and an average increase of 8.5% for the year from September 2009 to September 2010. Farmland, timber and pasture land in our markets continue to be in great demand, said Eric Schlutz, Realtor with Ruhl Farm&Land and Muscatine Manager for Ruhl&Ruhl REALTORS. "High quality cropland is in the most demand; but there is very little for sale," Schlutz said. "There are strong commodity prices, great long-term interest rates and a limited amount of land – it's the perfect storm for the va...
8
Increasing Demand Increases Value of Farmland
The value of farmland is on the rise because of an increasing demand. Although prices vary based on location and size of parcel, high-quality crop land in the Quad-Cities region and western Illinois is selling for about $8,000 to $9,000 an acre, according toDennis Stolk, of Ruhl & Ruhl's Davenport Farm & Land division. Mr. Stolk said prices can be found on either side of that spectrum, but spring and summer sales have been in excess of $8,000 and acre, with "several now $9,000 and over." That's up from about $5,000 to $6,000 an acre a couple years ago, he said. Iowa farmland increased from about $5,100 an acre to about $5,500 from 2006 to 2010, Shane Johnson, Quad City Area Realtor Association CEO, said. A U.S. Department of Agriculture Land Values Summary released Aug. 4, says the me...
29
Iowa Farmland Increased 25.4% in Value
The value of cropland across the state of Iowa is dramatically on the rise, along with high demand. "Demand for cropland in our area is the strongest I've ever seen," said Tom Marcus, Ruhl&Ruhl Realtor in the Maquoketa area, who has been selling farmland since 1975. "In greatest demand is high quality cropland Corn Suitability Rating of 80 or higher, followed by average Corn Suitability Rating of 60+, which includes a lot of land in our area." The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average increase of cropland values of 25.4% for the year from March 1, 2010 to March 1, 2011. The survey attributed the increase to several contributing factors, including strong commodity prices, favorable long-term interest rates, limited amount of land offered for sale, lack of alternative investments, higher livestock prices and...
