Iowa Farmland Auction Results Week 9
Jason Smith
Auctioneer, Land Broker, Appraiser
Jason is an Auctioneer and Land Broker in northwest Iowa at Storm Lake and Mason City. Jason and his Iowa farmland team specialize in farmland sales primarily serving the heirs to family farms. Today's report details the current land market in Iowa for land being sold at auctions.
Email: jason@dreamdirt.com | Phone: (712)213-6400
Iowa Farmland Prices Land Auction Results
Average Farmland Prices In Iowa
Week 9 in Iowa farmland auction sales we saw a very similar week to week 8 and the only real exception was a couple of no sales that occurred in Wayne and Polk County. There have been very few no sales at auction with as strong as the market it is but this week did turn out 2 of them. This week we had 6 farms with 90 plus CSR2 and 4 farms in the 80’s. Overall the quality of farms offer this week was in line with but slightly lower than last weeks average of 84.37 at 83.29. This weeks averages price per CSR2 point came in at $109.50 just slightly above last weeks average of $109.12
Farmland Sales In Iowa
In week 9 2013 acres sold. 1928 of the acres were tillable farmland or 95.78% tillable. This report measures only farms that are 80% tillable or higher. Total dollars trading hands at auction last week for farmland was $16,997,087, the highest of the year so far.
Average Price Per Acre Of Farmland In Iowa
The average price per acre of farmland in Iowa this week was $9,257 per acre, nearly identical to last weeks $9293.67. Of the 9 land auctions in this report there were 19 parcels sold. The highest selling farm this week was in Lyon County selling at $151.37 per CSR2 point on a 94.8 CSR2 farm that was 112.02 acres. The lowest selling farm was in Howard County bringing $90.16 per CSR2 point on a 95.3% tillable farm. The only southern Iowa farm included in this weeks results was in Warren County. The remainder of the farms were all in northern Iowa.
Insuring good results for your good quality farm 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 Auctioneer Jason Smith 712-592-8965 or send me a request to help you value your farm. Get a Free Farmland Market Analysis
Auction Price Results For Farmland By County
| County | Total Acres | Tillable Acres | Price Per Tillable | CSR2 | $ per Tillable CSR2 | Total Price | % Tillable |
|---|---|---|---|---|---|---|---|
| Pottawattamie | 230.33 | 215.87 | $6,600.00 | 69.1 | $95.51 | $1424742.00 | 93.72% |
| Pottawattamie | 229.56 | 228.54 | $8,200.00 | 77.7 | $105.53 | $1874028.00 | 99.56% |
| Pottawattamie | 158 | 144.02 | $6,900.00 | 75.3 | $91.63 | $993738.00 | 91.15% |
| Woodbury | 117.79 | 110 | $4,500.00 | 46 | $97.83 | $495000.00 | 93.39% |
| Clay | 60 | 60 | $11,100.00 | 93.9 | $118.21 | $666000.00 | 100.00% |
| Clay | 60 | 60 | $12,200.00 | 95 | $128.42 | $732000.00 | 100.00% |
| Clay | 75 | 74 | $12,200.00 | 97.1 | $125.64 | $902800.00 | 98.67% |
| Clay | 40 | 33.9 | $7,700.00 | 78.3 | $98.34 | $261030.00 | 84.75% |
| Clay | 80 | 71.2 | $8,800.00 | 90.2 | $97.56 | $626560.00 | 89.00% |
| Clay | 80 | 78.94 | $10,200.00 | 94 | $108.51 | $805188.00 | 98.68% |
| Warren | 80 | 73.13 | $12,100.00 | 89.1 | $135.80 | $884873.00 | 91.41% |
| Crawford | 159 | 151.26 | $6,100.00 | 67.4 | $90.50 | $922686.00 | 95.13% |
| Sac | 153 | 150.71 | $7,300.00 | 79.1 | $92.29 | $1100183.00 | 98.50% |
| Lyon | 113.92 | 112.01 | $13,350.00 | 97.4 | $137.06 | $1495333.50 | 98.32% |
| Lyon | 112.02 | 107.6 | $14,350.00 | 94.8 | $151.37 | $1544060.00 | 96.05% |
| Hancock | 160 | 155.38 | $9,200.00 | 81.7 | $112.61 | $1429496.00 | 97.11% |
| Howard | 19.04 | 19.04 | $9,000.00 | 86.6 | $103.93 | $171360.00 | 100.00% |
| Howard | 44.48 | 43.5 | $8,400.00 | 84.4 | $99.53 | $365400.00 | 97.80% |
| Howard | 41.2 | 39.3 | $7,700.00 | 85.4 | $90.16 | $302610.00 | 95.39% |
| STATEWIDE AVERAGE | $9,257.89 | 83.29 | $109.50 | 95.78% | |||
| TOTALS | 2013.34 | 1928.4 | $16,997,087 | ||||
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