2018 Iowa State University Land Value Survey: Overview

dc.contributor.author Zhang, Wendong
dc.contributor.author Zhang, Wendong
dc.contributor.department Center for Agricultural and Rural Development
dc.date 2019-11-21T14:58:43.000
dc.date.accessioned 2020-06-30T01:06:07Z
dc.date.available 2020-06-30T01:06:07Z
dc.date.embargo 2019-11-12
dc.date.issued 2018-12-01
dc.description.abstract <p>Farmland represents over 80 percent of all U.S. farm assets, and is arguably often a farmer’s single largest investment item, a major source of collateral, and a key component of the farmer’s debt portfolio. Since 1950, the Iowa State University Land Value Survey has been the only data source that provides a county-level land value estimate for each of the 99 counties in Iowa. The 2018 Iowa State University Land Value Survey reported a 0.8 percent decrease to $7,264 per acre in average Iowa farmland values from November 2017 to November 2018. This modest drop is the fourth decline in Iowa farmland values over the past five years and represents a 17 percent decline from the 2013 peak in nominal land values, or a 24 percent drop in inflation-adjusted values. The recent decline is largely attributable to lower commodity prices, higher interest rates, and to some extent the trade disruptions. On the other hand, the magnitude of this decline is still very modest and overall the land market is largely stable. In general, the results from the 2018 Iowa State University Land Value Survey echo results from other surveys, which all showed relatively stable farmland market trends.</p>
dc.identifier archive/lib.dr.iastate.edu/card_workingpapers/606/
dc.identifier.articleid 1610
dc.identifier.contextkey 15758400
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath card_workingpapers/606
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/12971
dc.source.bitstream archive/lib.dr.iastate.edu/card_workingpapers/606/18wp586.pdf|||Sat Jan 15 01:15:12 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.keywords Land Values
dc.subject.keywords Iowa
dc.subject.keywords Land Ownership
dc.subject.keywords Interest Rate
dc.subject.keywords Farm Income
dc.subject.keywords Ag Credit
dc.subject.keywords Commodity Prices
dc.subject.keywords Expert Opinion Survey
dc.title 2018 Iowa State University Land Value Survey: Overview
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isAuthorOfPublication 67561bff-c7e9-437c-ba34-825427fdf2fa
relation.isOrgUnitOfPublication 1a6be5f1-4f64-4e48-bb66-03bbcc25c76d
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