Statewide, Iowa (RI) – The recently released REALTORS Land Institute survey shows the south-central district was the only one reporting a farmland price increase last month.
Spokesman Matt Vegter says the state average value didn’t change much.
The south-central market was up two tenths of a percent, the north-central was down two-point-one percent, for the largest drop. Vegter says better commodity prices kept things from moving too much.
Vegter says it’s hard to tell right now how tariffs may end up impacting land values.
Vegter adds he has seen some changes that may be an indication of the emotional toll and that could have an impact.
He says one area of the survey was a surprise.
Vegter concluded by saying that’s probably a holdover from the pandemic when people looked to get out away from the cities more and the rec ground became more popular.
KIWA Staff Photo
