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Friday, July 23, 2021

    Iowa cropland values increasing

    Ruhl&Ruhl Realtorshttps://www.ruhlhomes.com/contact/muscatine-office/
    A family-owned company since 1862, Ruhl&Ruhl Realtors has grown to 319 sales associates, 63 employees and twelve offices, selling more than 5,000 homes in 2019 in eastern Iowa, northwest Illinois and southwest Wisconsin. The company has residential sales offices in Bettendorf, Burlington, Cedar Rapids, Clinton, Davenport, DeWitt, Dubuque, Iowa City, Muscatine, Iowa; and in Galena and Moline, Illinois. In addition to residential sales, the company offers services in relocation, property management, real estate investments, new home sales, land development, farm and land sales, senior services, home vendor services, insurance services and mortgage services. For more information on Ruhl&Ruhl Realtors, visit their website at www.RuhlHomes.com.

    Muscatine Living

    Contributed by Ruhl&Ruhl Realtors

    East central Iowa has some of the most valuable cropland in the state this year, according to the Land Trends and Value Survey.

    MUSCATINE, Iowa–The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average increase of 7.8% for tillable cropland values from Sept. 2020 to March 2021 period.

    In our east central district, high quality cropland is selling at $11,191 per acre, or at the second highest rate in the state. Timber is selling at $2,981 per acre.

    “The cropland market is seeing continued upward pressure in values fueled by strong commodity prices, reasonable interest rates, and a tight supply of available land,” said Eric Schlutz, ALC, Realtor and Manager of the Ruhl&Ruhl Realtors Muscatine Office.

    For the survey, participants are asked to estimate the average value of farmland as of March 1. These estimates are for bare, unimproved land with a sale price on a cash basis. Pasture and timberland values were also requested as supplemental information.

    Ruhl Farm&Land, a division of Ruhl&Ruhl Realtors, is focused on the sale, purchase and marketing of land, farms, and acreages. For more information, and the price per acre of cropland in all nine Iowa districts, visit ruhlland.com.

    High-Quality Crop LandMedium-Quality Crop LandLow-Quality Crop Land% Change in Tillable CroplandNon-Tillable PastureTimber Per Acre
    East Central11,191/acre8,675/acre5,676/acre+7.3%3,346/acre2,981/acre

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