Iowa Farmland Auction Results Week 19, 2018

May 11, 2018 | Farmland Prices

Jason Smith

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.

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