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2012. Iowa Land Value Survey. Dr. Michael Duffy, Iowa State University Extension Economist. Statewide Average. $8,296. up 23.7% up $1,588. High Grade Land. $10,181. up 24.2% up $1,983. Medium Grade Land. $7,773. up 24.3% up $1,517. Low Grade Land. $5,119. up 20.2% - PowerPoint PPT Presentation
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AVERAGE VALUESall grades 1950−2012
19501954
19581962
19661970
19741978
19821986
19901994
19982002
20062010
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
AVERAGE VALUESadjusted for inflation
19501954
19581962
19661970
19741978
19821986
19901994
19982002
20062010
$- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000
Inflation adj values
POSITIVE FACTORSaffecting land values
Commodity Pric
es (Higher)
Favorable In
terest Rates
Cash/C
redit Availa
bility
Good Farm
Economy / R
eturn
to La
nd
Safe Investm
ent / La
ck of O
thers
Land Availa
bility (L
imite
d Supply)0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
80%
63%
15% 14% 12% 10%
NEGATIVE FACTORS affecting land values
Weath
er
Politics
/ Congre
ss & A
dmin
Land to
o High (B
ubble Burst?)
Input Costs
(Higher)
Poor Yields
Stock
Mark
et / Eco
nomy/Global
0%5%
10%15%20%25%30%35%40%45%
43%
18% 18%15% 14% 13%
WHO PURCHASED farmland
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Farmers Investors New Farmers Other
SALES ACTIVITYrelative to previous year
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
0%
10%
20%
30%
40%
50%
60%
70%
More Less Same
sales activity from previous yearCHANGE IN
More – 61% Less – 8%Same – 31%
More – 63%Less – 5% Same – 31%
More – 30%Less – 38%Same – 32%
More – 63%Less – 13%Same – 24%
More – 65% Less – 14%Same –21%
More – 59% Less – 12%Same – 29%
More – 51%Less – 18%Same –31%
More – 52%Less – 22%Same –25%
More – 41%Less – 11%Same – 48%
SUMMARY• 32.5% is highest percentage increase
ever reported
• $6,708 is all-time high inflation adjusted average value
• An interesting time, many factors to watch
• Not a time to panic