Iowa Farmland Price Report September 9th – 15th, 2023
Iowa Farmland Prices September 9th-15th, 2023 Report
A total of 3,805 acres were sold in Iowa this week. The average price per acre for the 32 tracts of land auctions is $11,155/acre and $170.08/CSR2 point. Learn more about CSR2.
How much is farmland in Iowa worth currently?
This week’s top-selling farm went to 97.67 acres in Benton County, IA which sold on September 12th by auction. This farm is located South of Keystone, Iowa North of Highway 30 and sold for $20,900/acre. The CSR2 rating of the farm is 95.6 which totals to be $218.62/CSR2 point on this 100% tillable farm.
The second highest selling farm that sold this week went to Mahaska County East of Pella, IA. This 160 acre farm sold for $18,000/acre. CSR2 rating on this farm totaled 74 which puts sale price $243.24/CSR2.
Third highest selling farm of the week is located in Fayette County South of West Gate, IA. This 80 acre farm sold for $17,600/acre by absolute auction (no reserve price). This farm included an acreage with a 1,116 sq. ft. house built in 1900 with 3 bed and 1 bath.
Check out the table below to see results from all farmland auctions in Iowa this week and Rachel’s video with aerials of the farms.
Farmland Appraisal for Iowa Land
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Farmland For Sale in Iowa
We have farmland auctions coming up in Iowa! Check them out at bid.dreamdirt.com
76.03 Acres Farmland in Lyon County, IA
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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 the Midwest. 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 |
|---|---|---|---|---|---|---|---|---|
| Union | 153 | 107 | $6,500.00 | 55.3 | $117.54 | $994,500.00 | 69.93 | 9/9/23 |
| Monona | 76.14 | 66.87 | $11,800.00 | 60.7 | $194.40 | $898,452.00 | 87.83 | 9/9/23 |
| Mahaska | 160 | 152 | $18,000.00 | 74 | $243.24 | $870,900.00 | 95.00 | 9/9/23 |
| Boone | 80 | 79.1 | $16,600.00 | 85.5 | $194.15 | $232,352.00 | 98.88 | 9/8/23 |
| Fayette | 80 | 72.34 | $17,600.00 | 89.4 | $196.87 | $640,500.00 | 90.43 | 9/12/23 |
| Ida | 155.34 | 146.36 | $8,825.00 | 57.5 | $153.48 | $1,370,875.50 | 94.22 | 9/12/23 |
| Benton | 97.67 | 96.67 | $20,900.00 | 95.6 | $218.62 | $2,041,303.00 | 98.98 | 9/12/23 |
| Benton | 65.05 | 61 | $16,500.00 | 91.5 | $180.33 | $1,073,325.00 | 93.77 | 9/12/23 |
| Kossuth | 87 | 83.90 | $16,200.00 | 83.1 | $194.95 | $1,409,400.00 | 96.44 | 9/12/23 |
| Kossuth | 40 | 38.30 | $16,500.00 | 85.9 | $192.08 | $2,559,920.00 | 95.75 | 9/12/23 |
| Winnebago | 95.02 | 87.97 | $12,500.00 | 78.6 | $159.03 | $1,187,750.00 | 92.58 | 9/12/23 |
| Davis | 28.04 | 0 | $7,700.00 | 42 | $183.33 | $215,908.00 | 0.00 | 9/12/23 |
| Davis | 33.56 | 30 | $8,900.00 | 43 | $206.98 | $298,684.00 | 89.39 | 9/12/23 |
| Benton | 71 | 69 | $7,825.00 | 57.3 | $136.56 | $555,575.00 | 97.18 | 9/13/23 |
| Benton | 77 | 38 | $7,275.00 | 65.9 | $110.39 | $560,175.00 | 49.35 | 9/13/23 |
| Howard | 240 | 232.60 | $14,900.00 | 84.2 | $176.96 | $3,576,000.00 | 96.92 | 9/13/23 |
| Chickasaw | 79 | 77.65 | $14,140.00 | 82.6 | $171.19 | $1,117,060.00 | 98.29 | 9/13/23 |
| Chickasaw | 303.8 | 222.62 | $8,131.00 | 63.7 | $127.65 | $2,470,197.80 | 73.28 | 9/13/23 |
| Chickasaw | 70.72 | 44 | $8,181.00 | 36.3 | $225.37 | $578,560.32 | 62.22 | 9/13/23 |
| Wapello | 130 | 124.81 | $5,750.00 | 48.2 | $119.29 | $747,500.00 | 96.01 | 9/14/23 |
| Wapello | 107 | 101.63 | $5,200.00 | 37.1 | $140.16 | $556,400.00 | 94.98 | 9/14/23 |
| Jefferson | 189.28 | 156.77 | $5,900.00 | 64.3 | $91.76 | $1,116,752.00 | 82.82 | 9/14/23 |
| Jasper | 147.8 | 141.10 | $9,150.00 | 54.4 | $168.20 | $1,352,370.00 | 95.47 | 9/14/23 |
| Jasper | 138.83 | 138.83 | $8,100.00 | 52.2 | $155.17 | $1,124,523.00 | 100.00 | 9/14/23 |
| Humboldt | 118 | 116 | $13,200.00 | 63.4 | $208.20 | $1,557,600.00 | 98.31 | 9/15/23 |
| Jones | 31.5 | 23.62 | $16,100.00 | 57.2 | $281.47 | $507,150.00 | 74.98 | 9/15/23 |
| Jones | 319.5 | 276.96 | $10,000.00 | 48.5 | $206.19 | $3,195,000.00 | 86.69 | 9/15/23 |
| Jones | 14.57 | 11.85 | $13,200.00 | 63.4 | $208.20 | $192,324.00 | 81.33 | 9/15/23 |
| Madison | 160 | 105.21 | $8,100.00 | 72.6 | $111.57 | $1,296,000.00 | 65.76 | 9/15/23 |
| Madison | 184 | 78.66 | $7,100.00 | 58.3 | $121.78 | $1,306,400.00 | 42.75 | 9/15/23 |
| Madison | 120 | 11.84 | $6,100.00 | 69 | $88.41 | $732,000.00 | 9.87 | 9/15/23 |
| Wright | 153 | 146.63 | $10,100.00 | 63.5 | $159.06 | $1,545,300.00 | 95.84 | 9/15/23 |
| STATEWIDE TOTALS | 3805.82 | 3139.29 | $11,155.53 | 65.13 | $170.08 | $37,880,756.62 | 82.49 |
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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