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How Do Farmland Auctions Work?

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 […]

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Iowa Department of Revenue Releases Farm Productivity Values

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 […]

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2017 Iowa Farmland Cash Rent Rates

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 […]

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Iowa Farmland Prices Continue Slow Decline

Iowa Farmland Prices Decline

It almost seems like old news at this point but the value of Iowa Farmland continues to decline.  Certainly an important issue to many people and today we have new updated information coming out from the Realtors Land Institute, an association of farmland brokers and auctioneers from around the state of Iowa.

The report is a 6 month […]

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Iowa Farmland Prices 2016 2017

Iowa Farmland Prices 2016 2017

Commentary by Broker | Auctioneer Jason Smith (712)592-8965

This morning as we reach September 1 we are at the beginning of the traditional farmland sales season as today is the tenancy notification deadline for landlords to discontinue year to year leases.  If you are reading this article researching farmland prices for a sale in late 2016 or […]

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