THE IOWA STATE UNIVERSITY FARMLAND SURVEY SHOWS THE UPWARD RUN OF LAND PRICES STALLED OUT THIS PAST YEAR.
I-S-U EXTENSION ECONOMIST RABAIL CHANDIO REVEALED THE 2024 SURVEY RESULTS TODAY (TUESDAY).
LAND11 OC……..DOLLARS PER ACRE” :15
THAT IS A DROP OF 369 DOLLARS AN ACRE FROM LAST YEAR’S RECORD HIGH.
LAND12 OC……..WE JUST SAW” :23
CHANDIO SAYS THE SOUTH-CENTRAL LAND DISTRICT WAS THE ONLY ONE TO SEE AN INCREASE IN LAND VALUES, WHILE THE WEST-CENTRAL DISTRICT SAW THE LARGEST DECLINE IN PRICES.
SHE SAYS THIS YEAR APPEARS TO BE A CORRECTION AFTER LAND VALUES HAD GONE UP 29 PERCENT IN 2021 AND 17 PERCENT IN 2022 COMING OUT OF THE PANDEMIC.
LAND13 OC……….PEAK IN 2013″ :10
CHANDIO SAYS THE DROP IN FARM INCOME WAS THE TOP ISSUE FOR LOWER LAND VALUES.
LAND14 OC……….MENTIONED THIS” :10
HIGH INTEREST RATES WERE A CLOSE SECOND TO THE COMMODITY PRICES IN RESPONSES ABOUT THE IMPACT ON LAND VALUES.
RADIO IOWA
