Iowa land market is stable

According to statewide auction results tracked by Iowa Appraisal and Research Corporation, indicators point to a stable Iowa land market in equilibrium.

Iowa Appraisal’s farm appraisal expert, Jim Rothermich, MAI, ARA, shares that realtors he’s interviewed report that a better than expected crop yield in 2019 was the primary reason for current stability. Market Facilitation Payments and crop insurance helped. Also noted was a strong demand to purchase land by both farmers and investor buyers, historically low interest rates, stable cash rental rates, low supply for sale and more optimism about trade in the later part of the year.