Statewide Iowa — A survey released by the Realtors Land Institute shows land values haven’t dropped off at all. Scott Seifert presented the results.
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.
Seifert says those economic factors might slow things a bit.
He says that is already evident in the survey when they ask landowners about the expected return.
Seifert says inflation is another factor that is starting to show up more when they asked about impacts on land values.
Current interest rate levels and low supply of land being offered to the market were other factors that respondents said impacted land value.
