Average Iowa farmland value is estimated to be $8,716 per acre, an increase of 5.1 percent from 2012, according to results of the Iowa Land Value Survey conducted in November. Values increased in 2013 for the fourth year in a row and achieved historic peaks. The increase is similar to results of other recent Iowa farmland value surveys, including the Federal Reserve Bank of Chicago and the Iowa Chapter of the Realtors Land Institute surveys.
Northeast District values
For the Northeast Crop Reporting District, which includes Clayton County, the average land value was estimated at $9,161 per acre, an increase of $638 (7.5 percent) from 2012. Land values for high grade land averaged $11,423 per acre, while medium grade land averaged $8,573 per acre; low grade land averaged $5,670 per acre. Within the crop reporting district, values ranged from $11,239 in Black Hawk County to $5,910 in Allamakee County. For the district, 20 percent of respondents reported more land sales in 2013 compared to 2012; West Central and Northeast Iowa had the highest percentages reporting more land sales in the state. Thirty-seven percent of respondents reported the same number of sales and 43 percent reported less land sales in 2013.