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The September 2020 information is available here (pdf). Kuethe says sites like AcreTrader, AcreValue or CIBO reveal patterns over time, but valuation always comes down to what the land is worth in today's market and what it will be worth in the future. The information was obtained from the USDA's National Agricultural Statistics Service (NASS) and is based on their survey results from producers. Agricultural Land Values Highlights The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,160 per acre for 2019, up $60 per acre (1.9 percent) from 2018. In private-treaty sales, parties are not supposed to disclose who the buyer or seller was, or the price, until a deed is recorded. Online auctions have slowed down the reveal at times, but the rules are the same: Legally and ethically, once it closes, it's public knowledge. "When you go to an auction, the bidders justify price based on their own purposes. Average. Our 2020 Land Values & Lease Trends Report is now available as a free download! © 2020 DTN, all rights reserved. Updated September, 2020. Land Values: Prices for quality cropland in Iowa are holding steady with slight-to-moderate increases in some areas. Justin Bierschwale, an appraiser and president of the Texas chapter of the American Society of Farm Managers and Rural Appraisers (ASFMRA), says working in a nondisclosure state really underscores the value of relationships. We often gravitate to high-profile sales as indicators, but they are not usually representative.". Lenders generally have their own appraisers on staff, or you can retain an appraiser yourself to be sure your land is correctly valued.". All other trademarks are the properties of their respective owners. USDA land value data. This is the third year in a row without a decrease as experienced in the prior three years. “Everything is subject to change in 2020,” said Luke Worrell of Worrell Land Services, but there has not been a lot of volatility in land prices. "Just knowing what a parcel next to me sold for is not going to tell me what I need to know about the specific value of my land. The estimates are for bare, unimproved land with the sale price on a cash basis. The March 2019 information is available here (pdf). The figure was 1.6% percent higher than the 2019 average of $7,280 per acre. Supply of Land. Find it here and use the password “ ispfmra ” to complete the download. What that land sells for can be public information or, in nondisclosure states such as Texas, sealed. As a member of the DTNPF online community you can contribute to discussions, save your settings, get exclusive email alerts and access to special online sections, and read e-newsletters. The April 2012 information is available here (pdf). 2020 Illinois Land Values and … Matt Vegter; Elliott Siefert, Hertz Farm Management and Real Estate Services, 515-382-1500, Ag Decision Maker, Iowa State University Extension and Outreach, Department of Economics, agdm@iastate.edu, 641-732-5574, Copyright © Iowa State University Extension. Pasture and timber land values were also requested as supplemental information. This includes the value of all land and buildings. Grow your production, efficiencies, and profitability. Todd Kuethe, Purdue associate professor and author of the Purdue Farmland Value and Cash Rents Survey, says surveys show trends and provide current sales and rental rates. Indiana Farmland Values 2020 Survey Results, State Averages by Land Quality June 2020 vs. June 2019 3 Land Quality Yield (Bu/Ac) 2019 Value ($/A) 2020 Value ($/A) Percent Change Top 207 $8,212 $8,579 4.5% Average 180 $7,101 $7,236 3.2% Poor 152 $5,405 $5,746 6.3%

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