You are not going to lose much regardless, if your time horizon is 20 yrs. If inflation fears are your main concern, land is as good as it gets in addition to being an integral/necessary part of your business. Can't be rented away right when you need it most. I say yes if you don't need a lot of debt to make it happen. Saving on rent is like a dividend
Comparison for iowa:

Land vs. S&P