Farmland values reach all-time high
Farmland values increased by an average of more than $2,000 an acre from 2021, according to the annual CARD survey, conducted in association with Iowa State University. Submitted photo.
One year after skyrocketing 29 percent, the average value of an acre of Iowa farmland jumped another 17 percent, or $1,660, to $11,411 per acre. The nominal value of an acre of farmland is again higher this year than at any point since Iowa State University began surveying values in 1941.
When adjusting for inflation, the 2022 average value surpasses the previous inflation-adjusted record value set in 2013 for the first time.
For Humboldt County, land values increased to an average value of $13,691 per acre in 2022, an increase of $2,185 from 2021’s average of $11,506. Humboldt County’s farmland values rose by 19 percent.
Humboldt County’s figure was higher than any of the contiguous counties with the exception of Pocahontas County, which jumped to an average of $13,961 and Wright County at $13,720. Hamilton County, while not contiguous, was also higher at $13,949. Read more about this story and see more charts in this week's Humboldt Independent, your source for agricultural news.
