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The most recent record-breaking sale ? at $30,000 per acre ? took place at auction in Iowa. The seller, the Kraai family of Sioux County, was represented by Zomer Company Realty & Auction. The buyer and runner-up were reportedly local farmers.
The 2022 ISU Land Value Survey shows the average value of an acre of farmland jumped 17%, or $1,660, to $11,411 per acre.
Iowa Farmland Prices July 1 -7th, 2023 Report The average price per acre for the 12 tracts of land auctions is $13,988.33/acre and $165.53/CSR2 point. Learn more about CSR2.
Production costs are expected to rise 20%, driven by rising interest rates, and higher seed, fertilizer, chemical and land costs. Iowa farmland values climbed 17% last year to about $11,400 an acre over 2021.
The most recent record-breaking sale ? at $30,000 per acre ? took place at auction in Iowa. The seller, the Kraai family of Sioux County, was represented by Zomer Company Realty & Auction. The buyer and runner-up were reportedly local farmers.