(Radio Iowa) – The annual Iowa State University survey finds more farmland sales in the last two to three years compared to five or six years ago. But survey manager, Wendong Zhang, says the farmland turnover rate is still very low and the buyer profile has only changed slightly.”Iowa farmland purchases by the buyer type are still dominated by existing farmers. But the share of the investors that includes both local and non-local investors are going up,” he says. He says the increase hasn’t been that pronounced.

“South-central has the highest investor share, so almost 40 percent of the land is actually bought by local or non-local investors,” Zhang says. “But on average, you’re seeing that they’re half and a half in terms of local, non-local across the board.” Zhang says the area with the highest land values has the most local buys. “In northwest Iowa where you see the strongest gross it’s the predominantly it’s the existing local farmers are buying the land in their own county or nearby counties pushing the land market,” he says.

Zhang says this is due in part to the large number of cattle owners in the area that need farmland to spread the manure on from their operations. He says that the desire to expand operations pushed up land in O’Brien County — which edged out Sioux County by 15 dollars for the most expensive farmland acres. Both topped long-running value champ Scott County. “It is the first time that Scott County is not the top county in the last 20 years, I think,” Zhang says. O’Brien County averaged 15-thousand-931 dollars an acre to Scott County’s 15-thousand-968. He says a majority of the farmland on the auction block is coming from estate sales or retired farmers.

“So, in northwest Iowa, for example two-thirds are actually coming from estate sales and 15 are coming from retired farmers,” he says. “So yes, we see a growing investor interest. But it is it’s predominantly a still a local farmer buying a local land story.” Zhang says other states like Illinois probably attract more of the investor interest because they have fewer restrictions on corporate land ownership than Iowa.

(Radio Iowa) – Top Republicans in the Iowa House and Senate say the 2023 legislature will consider new guidelines for pipelines that would capture and carry carbon away from Iowa’s ethanol plants. The proposed Summit and Navigator pipelines run through areas House Speaker Pat Grassley represents.

“I’ve been around here long enough to know when something really is an issue in our districts and I’ve talked to enough members as well as (people) in my own district to know that this is a real thing,” Grassley says. “This is something that Iowans are frustrated about.” Grassley suggests an outright ban on carbon pipelines is unlikely.

“Sometimes it’s just: ‘Well, stop it! Make it stop,’ where we have to be thoughtful in this process,” Grassley says, “and that’s what we’re trying to do right now.” Senate Republican Leader Jack Whitver says it won’t be an easy debate. “I expect that we’ll have a thorough conversation about this. It’s something that our members have heard about back on the campaign trail,” Whitver says. “And they hear from both sides — people that want the pipeline, that are excited about it, that think it’s good for our economy and our rural areas and people that are against it and so we have a lot of members that have a lot of different opinions on it.”

Whitver says there are similar debates about the siting of wind turbines and large-scale solar arrays. “Landowner rights is a key part of Republican philosophy in our platform and so we certainly want to restrict that and that’s what makes these issues difficult, you know. There are people concerned about solar farms going up. There’s also people saying: ‘Well, that’s their land. They can do what they want,'” and that’s what makes these conversations difficult and we’re coming into session to try to work through these issues.”

This fall, Grassley sent a letter to the Iowa Utilities Board, expressing concern about a waiver developers of the Navigator pipeline were seeking from current regulations about sampling and restoring topsoil in farm fields.  “When I’m talking back in my district — I know I’m not allowed to take off my speaker’s hat, but I’m going to try to — and I said: ‘I’m going to watch this very closely…I want the process to play out, but if there’s things that happen that I don’t think are up to par or not being fully transparent, I’ll weigh in,” Grassley says.

Navigator withdrew its request to reduce the amount of testing and restoration of topsoil currently required by state regulations. This fall during a televised debate, Governor Reynolds said she supports existing state law outlining when carbon pipeline developers would be able to seize property from unwilling landowners, but she has not commented on county ordinances which establish local rules for where the pipelines may be built.