Farmland values in the Hawkeye State jumped 17 percent from November 2021 to November 2022 and hit a record $11,411 per acre, according to the Iowa State University Land Value Survey. The $11,411 figure is the highest-ever statewide average since data collection began in the 1940s and was supported by high commodity prices, limited land supply, stronger-than-expected crop yields, a good farm economy, and ample cash reserves on the farm. Every district in Iowa reported increases in land values with the Northwest District and the Southwest District leading the state with 20 percent growth or better. First produced in 1950, the Iowa State University Land Value Survey is the lone data source providing a county-level land value estimate for each of Iowa’s 99 counties. The 2022 survey was prepared by Associate Professor and Extension Economist Wendong Zhang. Read more HERE.