The Iowa Chapter of REALTORS® Land Institute published the findings of their 2016 September Land Trends and Values Survey. The survey shows a statewide average decrease of cropland values of -3.7% for the analyzed period of March – September 2016. This continues the downward trajectory of land values since the 2013 record highs the State experienced.
The downtrend was uniform with all nine districts reporting a decrease, although the percentage of decrease ranged from -2.4% to -5.8%.
RLI suggests lower commodity prices and limited amount of land on the market as factors contributing to the decline in addition to: lack of stable alternative investments, cash on hand, and increasing interest rates.