Iowa Farmland Auction Results August 2016

Sep 2, 2016 | Farmland Prices, Iowa Farmland Prices

Jason Smith

Jason Smith

Auctioneer, Land Broker

Jason is an Auctioneer and Land Broker and the founder of DreamDirt, He is a lead farm real estate professional in the Midwest and has pioneered many modern methods of selling farmland. His experience in helping lead families to successful farmland transactions spans 2 decades.  

Email: jason@dreamdirt.com | Phone: (515) 537-6633

DreamDirt’s Farmland Market Analyst tracks farmland prices across Iowa to maintain our comparable sales database and offer our clients the best most current information available.  This information is collected from other auctioneers and real estate brokers and includes DreamDirt’s transactions as well.  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 can contact us at (855)376-3478 if you have any questions.

 

 

Iowa Farmland Prices August 2016

Written by Jason Smith, CAI – Broker| Auctioneer  (712)592-8965

As we wind down Summer and have crossed the September 1 tenancy notification deadline we have officially started on the 2017 crop year even though there is plenty to be done yet to finish out 2016’s crop.

In August DreamDirt documented 32 farmland auction transactions for a total sales volume of $28,483,789 covering 4018.4 acres statewide.  This results in an average farmland sales price of $7088 for the month of August 2016.  The individual transactions averaged $98.43 per CSR2 point for the month of auction.

The largest auction in terms of acres occurred in Carroll and Green County with 1235 acres selling for an average of $8457 per acre which had a significant impact on the monthly average farmland price in Iowa.

Farmland prices have remained in their slow steady decline across the state with high quality farmland still selling for a premium and nearly double 2009 figures.

Are you considering selling a farm in Iowa?  You can learn what your farm will likely sell for at auction or listing with a free report from DreamDirt.  What Is My Farmland Worth?

Download the full report: Iowa Farmland Auction Results August 2016

County Date   Acres         Price     $/Acre CSR2 $/CSR2
Pocahontas County

8/18/16

77

$708,400

$9,200.00

82.7

$111.25

Decatur County

8/2/16

27

$72,900

$2,700.00

38.9

$69.41

Decatur County

8/2/16

40

$112,000

$2,800.00

27.9

$100.36

Greene County

8/3/16

80

$716,000

$8,950.00

81.3

$110.09

Boone County

8/10/16

80

$608,000

$7,600.00

84.9

$89.52

Pocahontas County

8/17/16

154.69

$1,423,148

$9,200.00

84.4

$109.00

Pocahontas County

8/17/16

200

$1,750,000

$8,750.00

84.3

$103.80

Marion County

8/8/16

60

$690,000

$11,500.00

84.2

$136.58

Van Buren County

8/19/16

27

$100,000

$3,703.70

23.1

$160.33

Henry County

8/19/16

30.85

$135,740

$4,400.00

58.3

$75.47

Henry County

8/19/16

9.62

$70,000

$7,276.51

40.4

$180.11

Lucas County

8/22/16

80

$200,000

$2,500.00

49.3

$50.71

Des Moines County

8/23/16

60.08

$516,688

$8,600.00

86.7

$99.19

Des Moines County

8/23/16

49.23

$413,532

$8,400.00

76.3

$110.09

Des Moines County

8/23/16

48.67

$408,828

$8,400.00

76.7

$109.52

Des Moines County

8/23/16

7.12

$32,000

$4,494.38

59.3

$75.79

Palo Alto County

8/24/16

80

$736,000

$9,200.00

85.6

$107.48

Palo Alto County

8/24/16

64.7

$553,185

$8,550.00

82.5

$103.64

Palo Alto County

8/24/16

184

$920,000

$5,000.00

64.6

$77.40

Carroll &Greene County

8/26/16

1,235

$10,445,500

$8,457.89

N/A

N/A

Hamilton County

8/29/16

59.41

$417,652

$7,030.00

88.4

$79.52

Lucas County

8/6/16

35.51

$131,387

$3,700.00

48.6

$76.13

Wayne County

8/6/16

30

$141,000

$4,700.00

56.1

$83.78

Boone County

8/24/16

113

$870,100

$7,700.00

83.8

$91.89

Cerro Gordo County

8/22/16

75

$451,875

$6,025.00

58.5

$102.99

Cerro Gordo County

8/22/16

80

$640,000

$8,000.00

63.1

$126.78

Cerro Gordo County

8/22/16

160

$1,200,000

$7,500.00

63.1

$118.86

Monona County

8/29/16

250.68

$814,710

$3,250.00

42.2

$77.01

Monona County

8/29/16

152.84

$626,644

$4,100.00

59.6

$68.79

Hancock County

8/17/16

280

$1,750,000

$6,250.00

76.2

$82.02

Hancock County

8/17/16

35

$220,500

$6,300.00

60.1

$104.83

Hancock County

8/17/16

152

$608,000

$4,000.00

67.7

$59.08

Farmland Market Analyst Mandy Hoistad contributed to this report.

You can find additional information on Iowa Farmland Prices at www.DollarsAndDirt.com

Want to stay abreast of future reports and get land sale results as they happen?  Text FARMLAND to 313131 and get text messages with land sale results.


 

DreamDirt is a full service real estate brokerage and farm auction company based in Iowa providing auction,  land auction and real estate listing services.  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.

For more information or to get a free market analysis for your farm contact Jason Smith (712)592-8965 Jason@DreamDirt.com

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