Iowa Farmland Price Report June 10 – 16th, 2023
Iowa Farmland Prices June 10th – 16th, 2023 Report
A total of 1,853 acres were sold in Iowa this week. The average price per acre for the 21 land auctions is $12,768.95/acre and $163.77/CSR2 point. Learn more about CSR2.
How much is farmland in Iowa worth currently?
This week’s top-selling farm is 108 acres in Clay County, IA which sold on June 15th. This farm sold by live and online auction at the Royal Community Center and is located North of Royal, Iowa. The farm was split into two tracts. Tract 1 which consist of 80 acres sold for $21,200/acre and has a 91.3 CSR2 which totals to be $232.20/CSR2. Tract 2 of 28 acres sold for $20,250/acre and has a 96.7 CSR2. Check out Rachel’s video at the end of the blog to see aerials of the farms.
The second highest selling farm that sold this week went to 79 acres in Grundy County, Iowa which sold on June 13th for $19,500/acre by a sealed bid private auction. This 100% tillable farm located Southwest of Grundy Center, Iowa has a CSR2 rating of 92.6 which totals to be $210/csr2.
Third highest selling farm of the week also is located in Grundy County West of Wellsburg, Iowa. This farm sold on June 13th by timed online auction with 5% buyer’s premium for $18,323/acre $201/CSR2 and is 94% tillable farm.
Check out the table below to see results from all farmland auctions in Iowa this week.
Farmland Appraisal for Iowa Land
Curious about what your land is worth and could potentially bring by selling by auction? Contact us today for a free market analysis!
Farmland For Sale in Iowa
We have farmland auctions coming up in Iowa! Check them out at bid.dreamdirt.com
280.59 Acres in Hancock County and Cerro Gordo County, IA
10 Acres Farmland in Madison County, IA
Acreage and 36.34 Acres of Land in Plymouth County, IA
FAQ of the week: Do I need to hire an attorney to help sell farmland?
In most cases yes you will need an attorney to help represent you in the closing process and creating deeds that we are not legally capapble of. We can connect you to attorneys we know who are the best in the farmland sales space tha won’t bury you in fees.
Jason Smith
Auctioneer, Land Broker, Founder
Jason holds Auctioneer or Land Broker licenses in Iowa, Missouri, Minnesota, Nebraska, and South Dakota. His DreamDirt team is composed of auctioneers, land brokers, and realtors. They specialize in farmland sales primarily serving the heirs to family farms all across Iowa and surrounding states. We offer risk-free selling experiences and work hard to maximize the value of our client's assets using highly effective auction methods, technology, and powerful advertising.
Email: Jason@dreamdirt.com | Phone: (515) 537-6633
Recently Sold Farmland In Iowa 2023 – Average Price and Auction Results
| County | Total Acres | Tillable Acres | Price Per Tillable Acre | CSR2 | $ per Tillable CSR2 | Price | % Tillable | Date |
|---|---|---|---|---|---|---|---|---|
| Benton | 100 | 87.61 | $9,100.00 | 64.1 | $141.97 | $910,000.00 | 87.61 | 6/14/23 |
| Benton | 160 | 142.72 | $9,000.00 | 76.4 | $117.80 | $1,440,000.00 | 89.20 | 6/14/23 |
| Buchanan | 37.11 | 37.11 | $14,550.00 | 85 | $171.18 | $539,950.50 | 100.00 | 6/15/23 |
| Buchanan | 25.44 | 25 | $13,525.00 | 79.8 | $169.49 | $344,076.00 | 98.27 | 6/15/23 |
| Buena Vista | 27.97 | 27.97 | $15,200.00 | 87.3 | $174.11 | $425,144.00 | 100.00 | 6/16/23 |
| Buena Vista | 68.10 | 68.10 | $12,000.00 | 85.2 | $140.85 | $817,200.00 | 100.00 | 6/16/23 |
| Buena Vista | 80 | 76.8 | $7,550.00 | 65.1 | $115.98 | $604,000.00 | 96.00 | 6/16/23 |
| Chickasaw | 90 | 77 | $8,400.00 | 75.8 | $110.82 | $756,000.00 | 85.56 | 6/14/23 |
| Clay | 80 | 76.3 | $21,200.00 | 91.3 | $232.20 | $1,696,000.00 | 95.38 | 6/15/23 |
| Clay | 28 | 26.54 | $20,250.00 | 96.7 | $209.41 | $567,000.00 | 94.79 | 6/15/23 |
| Grundy | 79 | 79 | $19,500.00 | 92.6 | $210.58 | $1,540,500.00 | 100.00 | 6/13/23 |
| Grundy | 150.14 | 140.52 | $18,323.00 | 91 | $201.35 | $2,751,015.22 | 93.59 | 6/13/23 |
| Hancock | 96 | 87.72 | $12,750.00 | 87.6 | $145.55 | $1,224,000.00 | 91.38 | 6/15/23 |
| Jefferson | 140.35 | 113.34 | $8,900.00 | 68.1 | $130.69 | $1,249,115.00 | 80.76 | 6/15/23 |
| Jefferson | 42.61 | 36.91 | $9,100.00 | 60.4 | $150.66 | $387,751.00 | 86.62 | 6/15/23 |
| Jefferson | 94.41 | 53.18 | $6,750.00 | 58.3 | $115.78 | $637,267.50 | 56.33 | 6/15/23 |
| Jefferson | 160.51 | 88.53 | $5,850.00 | 66.7 | $87.71 | $938,983.50 | 55.16 | 6/15/23 |
| Kossuth | 74 | 72.5 | $13,600.00 | 78 | $174.36 | $1,006,400.00 | 97.97 | 6/13/23 |
| Marshall | 94.08 | 94.08 | $12,100.00 | 72 | $168.06 | $1,138,368.00 | 100.00 | 6/14/23 |
| Shelby | 134.88 | 134.88 | $15,500.00 | 64.8 | $239.20 | $2,090,640.00 | 100.00 | 6/14/23 |
| Shelby | 90.58 | 90.58 | $15,000.00 | 64.8 | $231.48 | $1,358,700.00 | 100.00 | 6/14/23 |
| STATEWIDE TOTALS | 1853.18 | 1636.39 | $12,768.95 | 76.71 | $163.77 | $22,422,110.72 | 88.30 |
Rachel Tiffany
Farmland Auctioneer | Land Broker
Rachel is a licensed real estate salesperson specializing in the sale of farm, land, and rural residential real estate. She is a graduate of Iowa State University with a major in Animal Science and a minor in Agricultural Business. Rachel has a strong interest in valuations and appraisal of rural properties and studied Rural Property Appraisal at Iowa State. She also works for DreamDirt as the Online Auction Coordinator building and facilitating their online land and equipment auctions.
Email: rachel@dreamdirt.com | Phone: (515) 954-8063
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