Iowa Chapter of ASFMRA

ASFRMA-Iowa-Full-Color-RGB%40300x-100.jpgThe Iowa Chapter was chartered in 1941 to empower rural property professionals by providing education and promoting ethical and professional standards. The Chapter promotes the professions of farm management, agricultural consulting, and rural appraisal by holding meetings for the exchange of ideas, conducting education, and holding its members to a Code of Ethics and Standards of Professional Practice. 

The Chapter hosts two meetings annually, typically in early February and early spring.  The chapter collaborates with other organizations to bring USPAP, as well as a spring meeting focused on land values.  The Iowa Chapter also coordinates the annual Iowa State University Soil and Land Management conference, which is the longest-standing continuing education conference on the Iowa State University campus, drawing over 300 participants each year.  The Iowa Chapter recently started a Young Professionals Networking group that already has 32 members, and grants four $1,250 scholarships every year to students at Iowa State University.  The also participate with Iowa State University Extension Farm Management staff by providing data for survey’s on land values, cash rents, farm building rent, and the annual custom rate guide.

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  • Local values can differ widely

    From neighborhood to neighborhood, there are ranges in value for the same quality land. Many factors influence local values including the number of recent land sales, influence of local livestock production, and recent crop production results. The highest-quality farms from a production standpoint (highly productive soils, solid fertility and drainage, and high “farm-ability”) continue to outperform those farms with poorer soils, waterways or other obstructions.

    Across Iowa, there is also interest in farmland from both local and non-local investors. Some are seeking diversification for their overall investment portfolios; others are seeking to complete 1031 tax-deferred exchanges after having sold land in more urban areas.
  • Iowa farm values continue to rise

    Farmland values across the state are trending upwards, but industry leaders say they are still a long ways off the record prices of five years ago. A recent study released by Farm Credit Services of America in Omaha reviewed sale information and appraisals from 21 Iowa farms, shows a slight increase of 1.8 percent.

    An Iowa State University study, conducted in December of last year mirrors those results, showing a modest 2 percent increase in crop values, giving the state an average value of $7,326 an acre. Realtor Betty Hansen says the problem isn’t rising values, which is still lower than the record prices farm ground commanded a few years ago, it’s demand. Hansen, a realtor in Chariton has been in the real estate business for more than 25 years. Working out of her office on the square in Chariton, Hansen and her staff of five have weathered the ups and downs for the real estate market for more than two decades. In years past, her goal was to maintain 24 active listings, now she has only one active listing.

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