Commodity prices and higher interest drive modest farmland value loss

December 12, 2018

Wendong ZhangResults of the 2018 Iowa Land Value Survey show that after a reprieve in 2017, commodity prices, interest rates, and trade disruptions drove Iowa farmland values down for the fourth time in five years. The average statewide value of an acre of farmland is now estimated to be $7,264. This represents a decrease of 0.8 percent, or $62 per acre, from the 2017 estimate.

Results of the survey were released at a livestreamed press conference at 10 a.m., Wed., December 12, in the Horton Room of the ISU Alumni Center.

Wendong Zhang, assistant professor, headed the news conference and announced the 2018 findings. Printed materials were provided at the conference, including Iowa land value data from 1950 to present, current land value data from all 99 counties, and a press release summarizing the 2018 results.

Zhang made himself available to reporters for follow-up questions or one-on-one interviews immediately following the presentation of results.

An archive of the video and the printed materials available at the conference will be posted on the CARD homepage at after the conference.

Media outlets that covered this story:

The Des Moines Register
Telegraph Herald
Corn and Soybean Digest
Iowa Ag Connection
Radio Iowa
Brownfield Ag News
The Gazette
Iowa Public Radio