Realtors survey shows increase in cropland value

Statewide Iowa — A survey released by the Realtors Land Institute shows land values haven’t dropped off at all. Scott Seifert presented the results.

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Their survey is done every six months, and he says when you look at a full year their survey is close to what other yearly surveys have found for cropland prices. He says land prices probably won’t change a lot in the short term as commodity prices remain strong. But other costs could start to impact them.

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Seifert says those economic factors might slow things a bit.

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He says that is already evident in the survey when they ask landowners about the expected return.

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Seifert says inflation is another factor that is starting to show up more when they asked about impacts on land values.

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Current interest rate levels and low supply of land being offered to the market were other factors that respondents said impacted land value.

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