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Week 10 2018 Iowa Farm Real Estate Report

Iowa Farm Real Estate Report

Week 10 Iowa Farmland Auction Results: 80% Tillable Farms

Farmland Sales Summary

Every week in Iowa farmland auctions looks different and its easy to see this week was different from the last two weeks when quite a few high-quality tillable farms were offered for sale at auction.  This week the average CSR2 of the tracts offered was 71.70, drastically different than the previous two weeks that averaged 83.29 and 84.37 and most comparable to week 5 when we saw an average of 71.40.

Average Farmland Prices in Iowa

The average price of farmland in Iowa was $7,444.30 this week while our running averages for 2018 is currently $7709.97 per acre.  This weeks average on a per CSR2 point was $103.53 which is slightly ahead of the running average for 2018 of $99.91 per CSR2 point.

Farmland Sales Volume in Iowa

Sales volume was as low as we’ve seen in 2018 with 1025.15 total acres offered for sale with only 960.45 acres tillable.  Our report is measuring 80% tillable farms only, other farms with less tillable farmland.  So far this year 14,097 .64 acres have been offered at auction with 12,533.85 of them being tillable acres.  This weeks sales volume accounts for 7.27% of the total farmland offered this year so far.  This week a total of $7,625,052.50 was rounded up by Iowa auctioneers selling farmland.

Auction Price Results for Farmland by Iowa County

County Total Acres Tillable Acres Price Per Tillable CSR2 $ per Tillable CSR2 Total Price % Tillable
Jefferson 80 79 $9,250 77.4 $119.51 $730,750.00 98.75
Adams 35 31.74 $4,100.00 66.7 $61.47 $130,134.00 90.69
Winneshiek 115.75 108 $7,343.00 79.5 $92.36 $793,044.00 93.30
Clinton 65 60.1 $7,950.00 59.9 $132.72 $477,795.00 92.46
Monona 37.4 35.8 $6,000.00 66 $90.91 $214,800.00 95.72
Ida 150 143.73 $10,250.00 87.8 $116.74 $1,473,232.50 95.82
Ida 160 148.98 $9,900.00 86.1 $114.98 $1,474,902.00 93.11
Ringgold 160 140 $5,600.00 73.7 $75.98 $784,000.00 87.50
Union 102 95.7 $4,750.00 43.9 $108.20 $454,575.00 93.82
Pottawattamie 120 117.4 $9,300.00 76 $122.37 $1,091,820.00 97.83
STATEWIDE AVERAGE $7,444.30 71.70 $103.53 93.69
TOTALS 1025.15 960.45 $7,625,052.50

Iowa auctioneersEnsuring good results for your good quality Iowa farm real estate today really means that your exposure needs to be very thorough and across all channels of communication to ensure as much competition as possible for the farm.  If you are thinking of selling a farm DreamDirt can help you find the top of the market on your farm. There are many considerations before selling a farm and we can help guide you through the process.  You’ll find that our system is very simple for you and capable of reaching the right people very fast.  We know you’ll have many questions but let us help you put your mind at ease. You can contact me directly Iowa Auctioneer Jason Smith, CAI 712-592-8965 or send me a request to help you value your farm and learn more about selling Iowa farm real estate.  Get a Free Farmland Market Analysis

Want to start the process of selling a farm with DreamDirt? Get a free Market Analysis first.
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