Iowa Farmland Price Report June 3rd – 9th, 2023
Iowa Farmland Prices June 3rd – 9th, 2023 Report
A total of 4,121.65 acres were sold in Iowa this week. The average price per acre for the 34 land auctions is $12,047.03/acre and $159.62/CSR2 point. Learn more about CSR2.
How much is farmland in Iowa worth currently?
This week’s top-selling farm is 223.55 acres in Marshall County, IA which sold on June 6th. This tillable farm which could be developed is located Southeast of Conrad, Iowa and sold for $19,600/acre. This farm has a 91.8 CSR2 resulting in $213.51/CSR2 point and is 97% tillable.
The second farm that sold this week went to 157.23 acres in Plymouth County, Iowa which sold on June 5th for $19,000/acre. This 95% tillable farm located South of Ruble, Iowa has a CSR2 rating of 85.7 which totals to be $221.70/csr2. A newer 17,000 bushel grain bin was also on this farm.
Third highest selling farm of the week is in Osceola County. This farm sold on June 7th for $18,100/acre or $190.53/CSR2 and is 98% 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
118 Acres Farmland in Union County, IA
280.59 Acres in Hancock County and Cerro Gordo County, IA
10 Acres Farmland in Madison County, IA
FAQ of the week: What is better a live auction or online auction?
The best answer to this question is what one do you prefer or are most comforatble with? We have consistently said we believe there is a seller’s advantage when you use and online only auction but if you are more comforatble with a live in person auction then a live auction is the best and we love conducting live auctions the old fashioned way!
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
| Date | County | Zip | Total Acres | Tillable Acres | Price Per Tillable Acre | CSR2 | $ per Tillable CSR2 | Price | % Tillable |
|---|---|---|---|---|---|---|---|---|---|
| 6/5/23 | Plymouth | 157.23 | 149.79 | $19,000.00 | 85.7 | $221.70 | $2,987,370.00 | 95.27 | |
| 6/5/23 | Plymouth | 80 | 76.59 | $17,300.00 | 83.9 | $206.20 | $1,384,000.00 | 95.74 | |
| 6/5/23 | Shelby | 70.22 | 70.22 | $13,900.00 | 67.8 | $205.01 | $976,058.00 | 100.00 | |
| 6/5/23 | Shelby | 35.21 | 35.21 | $16,250.00 | 77.4 | $209.95 | $572,162.50 | 100.00 | |
| 6/5/23 | Shelby | 113.81 | 108.37 | $15,400.00 | 58.2 | $264.60 | $1,752,674.00 | 95.22 | |
| 6/6/23 | Marshall | 223.55 | 218.33 | $19,600.00 | 91.8 | $213.51 | $4,381,580.00 | 97.66 | |
| 6/6/23 | Dickinson | 143.69 | 121.6 | $8,550.00 | 77.5 | $110.32 | $1,228,549.50 | 84.63 | |
| 6/6/23 | Dickinson | 80.01 | 80.01 | $10,000.00 | 72.4 | $138.12 | $800,100.00 | 100.00 | |
| 6/7/23 | Osceola | 140.59 | 138.24 | $18,100.00 | 95 | $190.53 | $2,544,679.00 | 98.33 | |
| 6/7/23 | Story-Marshall | 97.27 | 92.15 | $10,300.00 | 82.7 | $124.55 | $1,001,881.00 | 94.74 | |
| 6/7/23 | Lee | 182.65 | 177.09 | $9,949.00 | 56.1 | $177.34 | $1,817,184.85 | 96.96 | |
| 6/8/23 | Monroe | 91.38 | 79.85 | $7,450.00 | 74 | $100.68 | $680,781.00 | 87.38 | |
| 6/8/23 | Franklin | 111 | 110.96 | $12,500.00 | 82.7 | $151.15 | $1,387,500.00 | 99.96 | |
| 6/8/23 | Franklin | 59 | 59 | $12,500.00 | 79.2 | $157.83 | $737,500.00 | 100.00 | |
| 6/8/23 | Franklin | 52 | 52 | $8,200.00 | 85 | $96.47 | $426,400.00 | 100.00 | |
| 6/8/23 | Sac | 78.8 | 76.71 | $15,900.00 | 90.5 | $175.69 | $1,252,920.00 | 97.35 | |
| 6/8/23 | Buena Vista | 39.8 | 38.8 | $17,075.00 | 93 | $183.60 | $679,585.00 | 97.49 | |
| 6/8/23 | Ida | 80 | 75.37 | $16,500.00 | 85.2 | $193.66 | $1,320,000.00 | 94.21 | |
| 6/8/23 | Decatur | 143.26 | 129.79 | $10,700.00 | 70.3 | $152.20 | $1,532,882.00 | 90.60 | |
| 6/8/23 | Decatur | 64.85 | 53.34 | $9,600.00 | 59.2 | $162.16 | $622,560.00 | 82.25 | |
| 6/8/23 | Decatur | 176.31 | 11.41 | $7,000.00 | 57 | $122.81 | $1,234,170.00 | 6.47 | |
| 6/8/23 | Sac | 220.32 | 207.29 | $13,600.00 | 93.8 | $144.99 | $2,996,352.00 | 94.09 | |
| 6/8/23 | Dallas | 397 | 386.56 | $17,200.00 | 88.1 | $195.23 | $6,828,400.00 | 97.37 | |
| 6/8/23 | Kossuth | 80 | 77 | $12,500.00 | 77.3 | $161.71 | $1,000,000.00 | 96.25 | |
| 6/8/23 | Kossuth | 74 | 73.50 | $13,300.00 | 79.7 | $166.88 | $984,200.00 | 99.32 | |
| 6/8/23 | Appanoose | 29.06 | 25.55 | $6,700.00 | 55.1 | $121.60 | $194,702.00 | 87.92 | |
| 6/8/23 | Appanoose | 38.31 | 27.87 | $4,125.00 | 43.5 | $94.83 | $158,028.75 | 72.75 | |
| 6/8/23 | Appanoose | 50.31 | 25.19 | $4,700.00 | 48.1 | $97.71 | $236,457.00 | 50.07 | |
| 6/8/23 | Osceola | 150 | 144 | $13,600.00 | 85.5 | $159.06 | $2,040,000.00 | 96.00 | |
| 6/8/23 | Osceola | 79.77 | 75.25 | $10,800.00 | 81.3 | $132.84 | $861,516.00 | 94.33 | |
| 6/8/23 | Osceola | 159.03 | 148.78 | $10,900.00 | 74.6 | $146.11 | $1,733,427.00 | 93.55 | |
| 6/9/23 | Harrison | 275.32 | 268.43 | $10,900.00 | 65.6 | $166.16 | $3,000,988.00 | 97.50 | |
| 6/9/23 | Woodbury | 211 | 187.02 | $6,600.00 | 50.4 | $130.95 | $1,392,600.00 | 88.64 | |
| 6/9/23 | Shelby | 136.90 | 137 | $8,900.00 | 59 | $150.85 | $1,218,410.00 | 100.07 | |
| STATEWIDE TOTALS | 4121.65 | 3738.27 | $12,047.03 | 74.31 | $159.62 | $51,965,617.60 | 90.70 |
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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