Iowa Farmland Price Report June 10 – 16th, 2023

Jun 21, 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
auctioneer selling an auction

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 J Smith

Jason J Smith

Auctioneer & Land Broker

Jason is an experienced farmland broker and auctioneer with extensive experience in farmland sales across this Midwest.  Jason has worked with hundreds of clients to create advantageous outcomes.  If you are selling land schedule a consultation with Jason by calling or using the calendar.

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
Jason Smith, Broker | Auctioneer

Jason Smith, Broker | Auctioneer

Founder, Farmland Auctioneer & Land Broker

Jason is an experienced farmland broker and auctioneer with extensive experience in farmland sales across this Midwest.  Jason has worked with hundreds of clients to create advantageous outcomes.  If you are selling land schedule a consultation with Jason by calling or using the calendar.

Email: [email protected]Phone: 515-537-6633

Iowa Land Prices at A Glance For people who wish to visualize and research Iowa farmland prices, our heat maps have been a huge help. Here you can research your farm’s proximity or the statewide market and see individual sale results. This includes average prices per acre, the average price per CSR2 point, as well as volumes of sales, and the number of acres sold. Use this market price research tool right here at DreamDirt. Click the Iowa map to get started.
Request a Free Valuation for Your Farm or Land Property. You can request a FREE Market Analysis whether you’re ready to sell or just curious! Our goal is to help you reach the top of the market when selling land in the Midwest.
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