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Iowa Farmland Auction Price Results November 2016

Farmland Auction Price Results in Iowa

DreamDirt’s Farmland Market Analyst tracks farmland prices across Iowa to maintain our comparable sales database offering our clients the best most current information available for creating accurate farmland appraisals. This information is collected from other auctioneers and real estate brokers and includes DreamDirt’s transactions. This research supports our land brokers, agents and auctioneers valuation efforts and is offered to you for your research purposes with the understanding you should verify all information you intend to rely on for financial purposes and decision making. You may use this information for our own personal use, however it may not be republished for commercial purposes.  You can contact us at (855)376-3478 if you have any questions

November farmland sale prices averaged $8257 per acre statewide for the sales data we collected on 71 farms sold.  This accounted for 6693 acres total sales volume with an average of 95 acres per parcel.  This month the top farmland price in Iowa was $231 per CSR2 point in Dallas County and the low was $45 in Louisa County.  45 of this months 71 sales were $100 per CSR2 point or over.

November was a busy month in the land auction business and despite the increased number of auctions I think the market showed that it has a strong appetite for farmland.  We saw the average farmland sale price in dollars per CSR2 point in Iowa go from $96.04 in the month of October to an average of $108 in November.  Sale results were noticeably higher in November and we took note of increased participation in our farmland auctions during the month of November and believe the same was true across the state at other auctions we attended.  The difference of $11.96 per CSR2 point would equate to a difference of $957 per acre on an 80 CSR farm.  On a 160 acre farm the value would increase $153,120

The next few months are among the best times of the year to sell a farm in Iowa as we are between crop seasons.  Many people ask if you can sell a farm when you already have a tenant and the answer is yes you can.  Its actually very common for farms selling to have a tenant on them.   In that case the new buyer inherits the rental agreement until the following March 1st.   If you are considering selling a farm click the FREE EVALUATION form above at the top of the page.

You can look up detailed information on each Iowa county farmland prices and recent sales information at: Iowa Farmland Prices

Location

Date of Auction Total Acres Sold Total Price Paid Dollars Per Acre CSR2

Average $/CSR 2 Point

Washington County 11/1/2016

40

256000

6400

53.8

$119

Sioux County 11/2/2016

114.79

1589841.5

13850

91.4

$152

Sioux County 11/2/2016

80.3

851180

10600

85.2

$124

Sioux County 11/2/2016

197.12

2345728

11900

84.7

$140.50

Lyon County 11/3/2016

120

1044000

8700

66.8

$130

Grundy County 11/4/2016

74.54

372700

5000

68.1

$73

Story County 11/4/2016

77

731500

9500

87.1

$109

Van Buren County 11/5/2016

79.58

708262

8900

74.8

$119

Van Buren County 11/5/2016

77.07

685923

8900

78.9

$112.80

Van Buren County 11/5/2016

79.89

575208

7200

69.8

$103

Des Moines County 11/5/2016

115.21

1324915

11500

85.2

$100

Des Moines County 11/5/2016

37.98

455760

12000

80.8

$149

Des Moines County 11/5/2016

99.7

847450

8500

82.4

$103

Des Moines County 11/5/2016

134.72

929568

6900

82.4

$84

Des Moines County 11/5/2016

13.23

59535

4500

37.4

$120

Des Moines County 11/5/2016

51.58

221794

4300

58.8

$73

Des Moines County 11/5/2016

65.9

757850

11500

82.5

$139

Des Moines County 11/5/2016

109.83

1263045

11500

86.4

$133.10

Des Moines County 11/5/2016

40.14

174609

4350

46.9

$93

Keokuk County 11/7/2016

70

588000

8400

81.4

$103

Cass County 11/9/2016

80.03

456171

5700

72.2

$79

Louisa County 11/9/2016

62.83

138226

2200

48.4

$45

Dallas County 11/9/2016

31.93

638600

20000

86.4

$231

Lyon County 11/10/2016

66.06

858780

13000

66.7

$194.90

Lyon County 11/10/2016

73.87

864279

11700

67.2

$174

Marion County 11/10/2016

55.6

241860

4350

53.8

$81

Marion County 11/10/2016

94.52

378080

4000

58.4

$68

Marion County 11/10/2016

80

248000

3100

51.3

$60

Black Hawk County 11/10/2016

117.16

1159884

9900

90.3

$110

Black Hawk County 11/10/2016

70.44

633960

9000

86.8

$104

Lee County 11/11/2016

70.79

336252.5

4750.01

52.2

$91.00

Polk County 11/14/2016

84.56

754974

8928.26

72.4

$123

Franklin County 11/15/2016

240

2076000

8650

84.2

$103

Monroe County 11/15/2016

111.71

245762

2200

40.2

$55

Monroe County 11/15/2016

163.55

347543.75

2125

40.8

$52

Louisa County 11/15/2016

85.28

989248

11600

79.2

$146

Louisa County 11/15/2016

88.32

1130496

12800

81.1

$158

Louisa County 11/15/2016

44.5

182491

4100.92

56.2

$73

Henry County 11/15/2016

40.43

169806

4200

55

$76

Pottawattamie 11/15/2016

233

838800

3600

62.3

$58

Lyon County 11/15/2016

78.38

705420

9000

98.1

$92

Hamilton County 11/16/2016

78.83

701587

8900

77

$116

Hamilton County 11/16/2016

78.72

755712

9600

74.9

$128

Hamilton County 11/16/2016

78

748800

9600

80.5

$119

Story County 11/16/2016

70.56

649152

9200

86.6

$106

Story County 11/16/2016

70.7

650440

9200

83.6

$110.05

Cedar County 11/16/2016

60

480000

8000

84.7

$94

Woodbury County 11/16/2016

200

1693200

8466

70.4

$120

Hamilton County 11/16/2016

120

816000

6800

82.9

$82

Hamilton County 11/16/2016

160

1096000

6850

83

$83

Hamilton County 11/16/2016

160

1120000

7000

82.4

$85

Hamilton County 11/16/2016

120

1056000

8800

86.7

$101.50

Hamilton County 11/16/2016

120

804000

6700

82.4

$81

Hancock County 11/16/2016

160

1144000

7150

53.4

$133.90

Hancock County 11/16/2016

160

1504000

9400

82.7

$114

Linn County 11/17/2016

104

644800

6200

68.3

$91

Linn County 11/17/2016

40

260000

6500

61.5

$106

Des Moines County 11/17/2016

36.19

361900

10000

89.8

$111

Boone County 11/17/2016

80

680000

8500

82

$104

Washington County 11/17/2016

76

395200

5200

72.6

$72

Plymouth County 11/18/2016

165.41

2092436.5

12650

76.2

$166

Washington County 11/18/2016

68

530400

7800

74

$105

Story County 11/22/2016

120

1236000

10300

88.3

$117

Lee County 11/22/2016

80

580000

7250

72.7

$100

Henry County 11/22/2016

75.38

497508

6600

70.1

$94

Plymouth County 11/28/2016

80.03

960360

12000

84.3

$142

OBrien County 11/30/2016

160

1680000

10500

95.1

$110

OBrien County 11/30/2016

80

920000

11500

95.2

$120.80

Cherokee County 11/30/2016

80

792000

9900

93.9

$105

Cherokee County 11/30/2016

160

1304000

8150

95

$86

DreamDirt is a full service real estate brokerage and farm auction company based in Iowa providing auction,  land auction and real estate listing services across the Midwest.  Contact one of our team members about selling farmland, farm auctions, estates, retirements, appraisals, management and more.  We are always glad to help, even if its just to answer your questions and help you clear the fog from the process and helping you understand where to start.

DreamDirt Farm and Ranch Real Estate Sales Team

Jason Smith (712)592-8965 Jason@DreamDirt.com

Tom Bradley (515)202-7687 Tom@DreamDirt.com

 

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