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The ten states with the cheapest land are Arizona, New Mexico, Mississippi, Colorado, Arkansas, New York, Missouri, Oregon, Alabama, and Michigan. Arizona is the cheapest state to buy land with a median price of $4,164 per acre.
Iowa's farm real estate value, a measurement of the value of all land and buildings on farms, averaged $9,930 per acre in 2023, ing to the USDA, National Agricultural Statistics Service ? Land Values 2023 Summary.
The survey of appraisers, farm managers and ag lenders found that 2022 was another strong year for land values. Iowa's average farmland cost about $11,400 an acre this year, up from $9,750 the year before. Since the beginning of 2021, ing to the survey, prices are up 51% in Iowa.
Keep reading to discover the top 7 landowners in Iowa. Iowa Department of Natural Resources ? 425,000 Acres. Farmland landscape in Iowa, USA. ... Holding Family ? 400,000 Acres. ... Land Trusts ? 286,031 Acres. ... Federal Government ? 122,603 Acres. ... Amana Farms ? 26,000 Acres. ... Dandyland Farms ? 9,000 Acres. ... Bill Gates ? 600 Acres.
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.