Posts with tag 'farmland'

The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a 1.2% decrease on a statewide average for the March 2025 to September 2025 time period. This follows the September 2024 to March 2025 time period that showed a 1.0% decrease, giving us a 12-month decrease of 2.2% for the State of Iowa on tillable acres. After rapid increases in values in 2021 and 2022, the land market has continued its sideways trend through much of 2025. Timberland (down 0.8%) followed the trend of tillable acres, while Pastureland acres have been able to post gains of 3.3% the last six months.

Survey respondents described the market as stable, despite downward movements in corn and soybean prices in recent months. Lack of inventory is helping hold land values firm, along with the expectation for an above-average crop for most of Iowa this fall and strong cattle prices. Res...

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The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a 1.0% decrease in cropland values on a statewide average for the September 2024 to March 2025 time period. This is following the March 2024 to September 2024 time period that showed a 5.0% decrease, giving us a year-over-year decrease of 6.0% for the state of Iowa. After a period of rapidly increasing values, the tillable land market has entered into a sideways trend. Pastureland (down 0.3%) and Timberland (up 1.2%) followed the trend of tillable acres and saw minimal changes for the six-month period.

Survey respondents described the market as "stable" and mentioned an increase in buyer interest since the 1st of the year. Low supply of land being offered to the market and a rally in commodity prices from fall lows have helped stabilize the downtrend in land values seen in 2024. A level of uncertainty has entered the market over the last 30 days, as buyers and sellers try to interpret the future effects of tariffs on agricultural products.

"While over the last year we have seen a slight pullback on land prices, the last six months have leveled off. Commodity prices and interest rates will determine where we go from here," said Eric Schlutz, ALC, Realtor, and Manager of the Ruhl&Ruhl Realtors Muscatine Office.

"The results of the Farmland Survey are pretty much what was expected. In our market area, we see pretty stable prices overall with high quality, well located, and mostly tillable land still commanding strong prices. In general, the inventory of land for sale remains tight, thereby supporting prices. Any softness in the market is in the lower quality farmland. The future land value trends will be impacted by commodity prices, this year's yields, and the impact of tariffs on agriculture and our general economy," said Dennis Stolk, ALC, Farm and Land Specialist with Ruhl Farm & Land.

For the survey, participants are asked to estimate the average value of farmland as of March 1, 2025. These estimates are for bare, unimproved land with a sale price on a cash basis. Pasture and timberland values were also requested as supplemental information.

Ruhl Farm & Land, a division of Ruhl&Ruhl Realtors, is focused on the sale, purchase, and marketing of land, farms, and acreages.

Eric Schlutz, with Ruhl Farm & Land from Muscatine, Iowa, has been recognized as a part of the APEX 2024 Producers Club by the REALTORS® Land Institute as a part of the RLI APEX Production Awards Program, sponsored by The Land Report. Eric was recognized by RLI CEO Aubrie Kobernus as well as The Land Report's Co-founders Eddie Lee Rider Jr. and Eric O'Keefe at a special awards ceremony on Tuesday, March 18, during RLI's 2025 National Land Conference (NLC25) in Tucson, AZ.

 "It was an honor to be recognized by this great organization. RLI is the premier organization for land professionals, with the education and networking being responsible for much of my success," said Eric Schlutz, ALC, u...

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The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average increase of 2.0% for tillable cropland values from March 2017 to September 2017 period.  Combining this increase with the 0.9%  reported in September 2016 indicates a statewide average increase of 2.9% for the year from September 1, 2016 to September 1, 2017. In our east central district, high quality cropland is selling at $9,903 per acre, or at the second highest rate in the state. Timber is selling at $2,237 per acre.  Overall, the increase in our district was 3.6% - or the highest in the state of Iowa.

"It is positive to see land prices on the rise," said Eric Schlutz, ALC, Realtor and manager of the Ruhl&Ruhl Realtors Muscatine Office. "This will stabilize prices but we are still cautiously optimistic because there are a lot of other factors that will continue to affect land values in our region."

"I wasn't surprised to see the results of the most recent land survey as land prices have stabilized and even trended upward this past year especially for the higher and upper medium quality cropland," said Dennis Stolk, ALC, Realtor. "The increase in prices is somewhat driven by a scarcity of available land for sale in many areas, as well as low interest rates and continued good buyer demand. Farmer still remain in a strong equity position and have cash on hand and are looking to buy. Moving forward, our land market will continue to be sensitive to what happens with commodity and livestock prices and its impact on farm income." For the survey, participants are asked to estimate the average value of farmland as of September 1, 2017. These estimates are for bare, unimproved land with a sale price on a cash basis. Ruhl Farm&Land, a division of Ruhl&Ruhl Realtors, is focused on the sale, purchase and marketing of land, farms and acreages. For more information, and the price per acre of cropland in all nine Iowa districts, visit RuhlLand.com.