2024 ISU Land Value Survey Results
The annual Iowa State University Land Value Survey found that farmland values decreased 3.1%, or $369, to $11,467 per acre. The decrease this year nearly erases the 3.7% increase from last year and ends a five-year trend of increasing prices. The nominal value of an acre of farmland this year fell from last year’s record high, but is still higher than the nominal value in 2022. When adjusting for inflation, the 2024 average value is 2.5% lower than 2013’s inflation-adjusted values.
Falling commodity prices, persistently high interest rates, and elevated input costs are the main factors that tightened profit margins and placed increasing downward pressure on land values across the state.
If you have any questions or comments about the 2024 survey, please contact Dr. Rabail Chandio at rchandio@iastate.edu or call the office at 515-294-6181.
2024 Land Value Survey News Conference
The results of the 2024 land value survey were announced by Dr. Chandio at a news conference on Tuesday, December 17. The full hour-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 2024 survey results
2024 ISU Land Value Survey - 3-minute version from ISUCALS on Vimeo.
2024 Land Value Survey Resources
- 2024 Land Value Survey Overview.pdf
This briefing paper includes background information on the Iowa land value survey, including historic information, an analysis of highest/lowest land values and changes from last year’s survey. - Iowa Land Value Survey News Resease (pdf).pdf
The full news release made available on December 17. Includes an analysis of survey information by Dr. Chandio. - Maps
- 2024 and 2023 Iowa Average Land Values by County.pdf - [download]
- Percentage Change in Iowa Land Values 2023 to 2024.pdf - [download]
- 2024 Iowa Land Values by Crop Reporting District.pdf - [download]
- Percentage Change in Iowa Land Values 2023 to 2024.pdf - [download]
- 2024 Iowa Land Values (dollar ranking).pdf - [download]
- Comparative Iowa Land Values Table with Maps (pdf).pdf
- Iowa Land Values by District and Quality.pdf
- Slide Show (2024).pdf
The complete slide show presented by Dr. Chandio at the 2024 conference.
Full 60-minute-long 2024 news conference video
2024 ISU Land Value Survey from ISUCALS on Vimeo.