Survey shows the value for Iowa farmland rose 18.8% in six months. | Pixabay/ales_kartal
Survey shows the value for Iowa farmland rose 18.8% in six months. | Pixabay/ales_kartal
A new survey released towards the end of September showed that farmland values in the Hawkeye State have seen a significant rise and increased almost 19% over the last six months.
The Iowa Chapter of the Realtors Land Institute reported farmland values rose 18.8% since March, according to Successful Farming.
"The value of Iowa cropland jumped nearly 19% between March and September of this year, according to the most recent survey of farmland professionals conducted by the Iowa Chapter of the Realtors Land Institute," Esteban Moscariello, a senior merchant, wrote in an Oct. 1 tweet.
The Iowa Chapter of the Realtors Land Institute surveys it's members twice each year, Successful Farming reported. Information is gathered from nine different "crop reporting districts" across the state and is measured by the quality of its fillability, pastureland and rangeland.
Back in March the average value per acre was $10,221, the Associated Press reported. But the survey showed the value per acre increased by almost $2,000 and was valued at $12,182.
The Iowa Chapter of the Realtors Land Institute noted that the year-over-year increase came in at 26.6% in the Hawkeye State, the Associated Press reported.
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