Iowa Farmland Prices
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 […]
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” […]
Today’s land market vastly different from what we have been used to seeing in some ways and still not much different in other ways so todays Iowa Farmland Market Update will center on land volume and land prices. In visiting with my peers across Iowa they say many of the same things I think or see at DreamDirt so I’ll […]
Iowa farmland cash rent rates have declined for the 4th year in a row according to the newest Iowa State University report which was a result of 1448 statewide survey’s. Farmland rents have fallen 4.8% in the past year and as measured for the 2017 crop year. This represents a drop of 18.9% since the beginning of the decline […]