Author Archives: Jason Smith, CAI Auctioneer | Land Broker
How Do Farmland Auctions Work?
“How do farmland auctions work? ” Fairly often I get this question and I first offer my joking response “pretty darn good”. It’s not extraordinary that you wouldn’t understand how a farmland auction works, most people that are not farmers don’t go to them and if you are selling a farm there is a high likely […]
The Corn Suitability Rating or CSR has been around since 1971 when it was first described in an ISU publication by Dr. Thomas Fenton a professor of agronomy at Iowa State University but the concept of CSR and productivity ratings date clear back to 1930 when the concept was first noted at ISU. In 2011 ISU began rolling out the […]
Its that time of year again when we are down to just 3 weeks to go before farm leases must be terminated (September 1st) to clear the way for the sale of farmland in Iowa this Winter. Farm tenancy terminations must be in writing, text messages, emails and other electronic communications will not suffice. We get calls every year from […]
Iowa Farm Productivity Values
Like all real estate it must be assessed from time to time to determine its value for tax purposes. The Iowa Department of Revenue has released new figures for 2017 showing a decline of 10.6% or $1926 per acre in the 5 year moving average calculation. While the average statewide fell not all counties in the state […]
Does Having An “Outside” Auctioneer Hurt Your Iowa Land Auction? I’ve had this question asked of me more than once. Some people worry if they hire an auctioneer they perceive as not a regular in a certain market that could somehow impact the results of their auction.
First of all I think its important to know exactly what an “outside auctioneer” […]