Iowa Farmland Auction Results Week 19, 2018
Jason Smith
CAI Auctioneer, Land Broker
Founder, Auctioneer, Broker, and Agent at DreamDirt, Jason Smith is a lead farm real estate professional in the Midwest. He has achieved the pinnacle of auction education earning the CAI designation and is one of only 11 CAI auctioneers in Iowa. Jason graduated from the World Wide College of Auctioneering, and has achieved the PRI designation from the Professional Ringmen Institute. Jason and his wife founded DreamDirt in 2005, and the company continues to be a leader in the farm auction space and prides itself in offering extensive land seller and buyer information.
Email: jason@dreamdirt.com | Phone: (515) 537-6633
Iowa Farmland Sales Summary
Its been a tough planting season in Iowa. There are always just small windows of opportunity to get the crop planted but this years prolonged Winter delayed soil temperatures from warming up and wet snow conditions delayed field work especially north of Interstate 80 in Iowa. As of May 20th there really have only been 2 planting opportunities so far this year and a large number of acres remain unplanted right now and time is starting to get tight compared to the number of acres left to plant. I expect it will get done, it always does but there certainly is a little anxiety about the weather in the countryside today. Farmland sales have been slow and results of the last few weeks have been very few and the lower price results recently have turned statewide charts downward for both price and volume of sales. Our reports are always based on averages which are of course all of the sales combined to find the level where they meet in the middle. This week brings 2 results of farmland sales that are well below the state average which is similar to all results post week 16 2018. Farms selling over the past few weeks have been in the lower medium quality farms with lower CSR’s.
Farmland Sales Volume In Iowa
We have a sharp downturn in our charts this time of year in terms of farmland volume and in 2018 you see low volume go to very low volume. We are seeing an increase in inquiries about farmland auctions across Iowa currently so we expect the volume to increase over the next 4 months as some of those auctions make they way to market more toward the end of Summer and into the Fall and Winter sales season. It is not uncommon to see low sales volume this time of year but currently we are seeing only 2 to 3 farmland auctions of 80% tillable farms across all 99 counties so it is very slow right now.
These charts represent the sales of 80% tillable farmland since January 1, 2018 across Iowa. The results are gathered from Iowa farmland auctions across the state conducted by auctioneers from many different companies.
Iowa Farmland Auctions Report For May 6-11, 2018
| STATEWIDE TOTALS |
313.58 |
295 |
$4,850.00 |
55.90 |
$87.55 |
$1,445,275.00 |
94.07 |
| County | Total Acres | Tillable Acres | Price Per Tillable Acre | CSR2 | $ per Tillable CSR2 | Price | % Tillable |
| Crawford |
116.58 |
106 |
$4,675.00 |
60.3 |
$77.53 |
$495,550.00 |
90.92 |
| Clay |
197 |
189 |
$5,025.00 |
51.5 |
$97.57 |
$949,725.00 |
95.94 |
Featured Iowa Land Auction
Here is a once in a lifetime opportunity to buy a recreational farm with income in Monroe County that has a unique distinction. In June we will be selling the Nucko Family Farm at Albia Iowa. This is the farm where the world record non typical whitetail was harvested by Tony Lovestuen in 2003. Monroe county is well known for its trophy deer hunting potential and this farm is the crown jewell of them all having produced the world record and multiple other extraordinary deer over the years for the Nucko family. This auction will be conducted live at Albia Iowa on June 20th at 10AM and online biddings is available. View the listing and get all of the details and learn how you can buy this hunting property for sale in Monroe County, Iowa.
Request a Free Valuation for Your Farm or Land Property
Whether you’re ready to start the selling process, or even remotely curious, we will gladly provide you with a FREE Market Analysis! If you are in a position to sell land in the Midwest, we want to help you achieve the top of the market on your sale.
Related News
ISU 2020 Land Value Report | What It Means
Iowa Farmland Values in 2020 The 2020 ISU Land Value Survey was presented last week. This is a report we watch closely each year. Iowa State does a great job each year putting this together, and it offers a big picture view of farmland prices across the state. Seeing...
How The Election Could Affect the Land Market
The Land Market and The Election Election day. While we may not know the official results for a few more days, today is the day the nation casts their vote. This day may also cause come uncertainties and raise questions surrounding the agriculture market, land...
Iowa’s September Farmland Sales Summary
Founder, Auctioneer, Broker, and Agent at DreamDirt, Jason Smith is a lead farm real estate professional in the Midwest. He has achieved the pinnacle of auction education earning the CAI designation and is one of only 11 CAI auctioneers in Iowa. Jason graduated from...