RLI Iowa Chapter Land Trends and Values
March 2021
Land Trends and Values Districts Reported
Provide your opinion for the district(s) of the state with which you are most familiar. Please refer to map to determine your reporting district. Your name will be submitted in a drawing for a $100 gift card for each district you report on.
Name
*
First Name
Last Name
Company
Company Name
Email
*
example@example.com
Phone Number
*
-
Area Code
Phone Number
Northwest Iowa
Northwest Iowa
Average Price/Acre
March 2021
Average Price/Acre
September 2020
High Quality Crop Land
Medium Quality Crop Land
Low Quality Crop Land
Pasture Land (Land that is best used for grazing or very limited hay and/or crop production)
Non-Tillable Timber (No subdivision or development value)
Comments:
West Central Iowa
West Central Iowa
Average Price/Acre
March 2021
Average Price/Acre
September 2020
High Quality Crop Land
Medium Quality Crop Land
Low Quality Crop Land
Pasture Land (Land that is best used for grazing or very limited hay and/or crop production)
Non-Tillable Timber (No subdivision or development value)
Comments:
Southwest Iowa
Southwest Iowa
Average Price/Acre
March 2021
Average Price/Acre
September 2020
High Quality Crop Land
Medium Quality Crop Land
Low Quality Crop Land
Pasture Land (Land that is best used for grazing or very limited hay and/or crop production)
Non-Tillable Timber (No subdivision or development value)
Comments:
North Central Iowa
North Central Iowa
Average Price/Acre
March 2021
Average Price/Acre
September 2020
High Quality Crop Land
Medium Quality Crop Land
Low Quality Crop Land
Pasture Land (Land that is best used for grazing or very limited hay and/or crop production)
Non-Tillable Timber (No subdivision or development value)
Comments:
Central Iowa
Central Iowa
Average Price/Acre
March 2021
Average Price/Acre
September 2020
High Quality Crop Land
Medium Quality Crop Land
Low Quality Crop Land
Pasture Land (Land that is best used for grazing or very limited hay and/or crop production)
Non-Tillable Timber (No subdivision or development value)
Comments:
South Central Iowa
South Central Iowa
Average Price/Acre
March 2021
Average Price/Acre
September 2020
High Quality Crop Land
Medium Quality Crop Land
Low Quality Crop Land
Pasture Land (Land that is best used for grazing or very limited hay and/or crop production)
Non-Tillable Timber (No subdivision or development value)
Comments:
Northeast Iowa
Northeast Iowa
Average Price/Acre
March 2021
Average Price/Acre
September 2020
High Quality Crop Land
Medium Quality Crop Land
Low Quality Crop Land
Pasture Land (Land that is best used for grazing or very limited hay and/or crop production)
Non-Tillable Timber (No subdivision or development value)
Comments:
East Central Iowa
East Central Iowa
Average Price/Acre
March 2021
Average Price/Acre
September 2020
High Quality Crop Land
Medium Quality Crop Land
Low Quality Crop Land
Pasture Land (Land that is best used for grazing or very limited hay and/or crop production)
Non-Tillable Timber (No subdivision or development value)
Comments:
Southeast Iowa
Southeast Iowa
Average Price/Acre
March 2021
Average Price/Acre
September 2020
High Quality Crop Land
Medium Quality Crop Land
Low Quality Crop Land
Pasture Land (Land that is best used for grazing or very limited hay and/or crop production)
Non-Tillable Timber (No subdivision or development value)
Comments:
Back
Next
How does the number of farms for sale in your area compare to one year ago?
21-25% Less
16-20% Less
11-15% Less
6-10% Less
1-5% Less
Similar
1-5% More
6-10% More
11-15% More
16-20% More
21-25% More
Overall, how do farmland values compare to one year ago?
21-25% Less
16-20% Less
11-15% Less
6-10% Less
1-5% Less
Similar
1-5% More
6-10% More
11-15% More
16-20% More
21-25% More
How do you expect farmland values to look five years from now?
Up 10% or more
Up 0-10%
Similar
Down 0-10%
Down 10% or more
Please rank the following factors influencing land values? (#1 having the greatest influence today to #5 having the least influence today)
1 (highest influencer)
2
3
4
5 (least influencer)
Interest Rates
Commodity Prices
Supply of Land
Government Support
General Economic Inflation
What is the expected return on cropland?
1%
2%
3%
4%
5%
6%
What is the expected return on CRP?
1%
2%
3%
4%
5%
6%
From your experience, what percentage of transactions involve either a buyer or seller executing a 1031 exchange?
0-10%
11-20%
21-30%
31-40%
41-50%
51-60%
61-70%
71-80%
81-90%
91-100%
If capital gains tax rates are increased in 2021 or 2022, what NEW percentage of future transactions do you think will involve either a buyer or seller executing a 1031 exchange?
21-25% Less
16-20% Less
11-15% Less
6-10% Less
1-5% Less
Similar
1-5% More
6-10% More
11-15% More
16-20% More
21-25% More
If you were to estimate the impact of a repeal of Section 1031 on your transaction volume, what would you expect in terms of a percentage drop in total transactions as a result of landowners holding onto properties rather than selling and paying the capital gains tax?
21-25% Less
16-20% Less
11-15% Less
6-10% Less
1-5% Less
Similar
1-5% More
6-10% More
11-15% More
16-20% More
21-25% More
Please provide any comments you have relating to how a potential repeal of Section 1031 would impact your business as well as landowners.
Other Comments:
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