2021 ISU Land Value Survey Results

in conjunction with Iowa State University Extension and Outreach

The 2021 ISU Land Value Survey shows the average value of an acre of Iowa farmland skyrocketed 29 percent over the past 12 months to $9,751/acre as of November 1, 2021. The nominal value of an acre of farmland is now higher than at any point since Iowa State University began surveying values in 1941, and is 12 percent higher than the previous peak in 2013; although the current value in inflation-adjusted terms are still lower than that for 2012 and 2013.

The surge is buoyed by substantially higher commodity prices, low interest rates, stronger-than-expected crop yields, robust federal ad hoc payments, and limited land supply despite increase in sales activity.

Questions or comments about the 2021 survey, please contact Dr. Wendong Zhang at wdzhang@iastate.edu or call the office at 515-294-2536.

2021 Land Value Survey News Conference

The results of the 2021 land value survey were announced by Dr. Zhang at a news conference on Tuesday, December 14. The full 60 minute-long news conference video is at the bottom of this page. Additional materials from the news conference are available below.

Three minute highlights of the 2021 survey results

2021 Land Value Survey Resources

Full 60 minute-long 2021 news conference video