Article
How Tight is the Farmland Supply in Iowa?
Ag Decision Maker Newsletter
(2016)
Abstract
This article uses several data sources: the summary statistics on farmland sales especially public auction sales in Iowa from 2005 to 2015 collected by Mr. Jim Knuth, Senior Vice President at Farm Credit Services of America (FCSA); the monthly public land auction results published by Peoples Company since September 2015; and the annual sale activity index from the ISU Land Value Survey released every December.Â
In summary, by looking at various aspects of farmland supply in Iowa in recent years, this article provides a historical perspective on the farmland supply and directions on where the market might go. With the expected stagnation in commodity prices and continuing declines in farmland values, the farmland supply will remain low and the public auctions will remain an important mode when it comes to farmland transactions. The distribution of farmland sales by regions and land use types seem stable over time. It remains to be seen whether there is a fall spike in farmland auctions, as there was in 2011 and 2013, in the months ahead.
Keywords
- Iowa,
- Farmland Supply,
- Farmland Sale,
- Land Auction,
- Farmland Value
Disciplines
Publication Date
October, 2016
Citation Information
Wendong Zhang. "How Tight is the Farmland Supply in Iowa?" Ag Decision Maker Newsletter (2016) Available at: http://works.bepress.com/wendong_zhang/22/