Iowa Farmland Prices Spring 2017

Apr 11, 2017 | Farmland Prices, Iowa Farmland Prices

Jason Smith

Jason Smith

Auctioneer, Land Broker, Founder

Jason is an Auctioneer and Land Broker in Iowa and the surrounding states.  The DreamDirt team of auctioneers, land brokers, and realtors specialize in farmland sales primarily serving the heirs to family farms all across Iowa and some surrounding states.  Today's report details the current land market in Iowa for land being sold at auctions.

Email: Jason@dreamdirt.com | Phone: (515) 537-6633

A new report is out on Iowa Farmland Prices and its got some good news if you are selling farmland in Iowa.  This report is a 6 month report from Sept to March and shows what I said back in December when I noted that farmland prices in Iowa were actually increasing despite what was being said in many places.  This report confirms what I was seeing back during that time measuring the sale of farmland prices across the state of Iowa.   Farmland prices have strengthened in most parts of the state and when measured as a whole the state has actually gained value during this time period.

This report came out showing the state of Iowa farmland prices had gained .9% value over the 6 month period.  Given commodity prices that is a surprise to many people but again, given the sales prices over the last few months of that 6 month period I was not surprised at the gain in value, it was really easy to see after November things were moving upward.

 

Farmland Market Remains Strong in Iowa

People ask why, its the most popular question.  This time period was affected by a very low supply of farmland.  I mean record low volume and the demand outweighs the supply by a fair amount.  A great harvest last year meant more money in the countryside than was expected.  While 1031’s have not made much of an impact recently in our sales, they have influenced some of them but for the most part during this period we are seeing farmer vs. farmer competition at auctions.  In a recent auction we were able to achieve a bid of $13,500 within 31 seconds of the first call for a bid by the auctioneer.  Its a great indication of the demand for farmland.  High quality farms are a valuable asset and buyers are willing to pay for them.

 

Iowa Farmland Prices

Did you know we keep track of Iowa Farmland Prices on our website at www.DollarsAndDirt.com  We update the website with real current farmland prices from farmland auctions across all counties in Iowa every month.  You can do research on all aspects of farmland values in Iowa on our website and submit questions or even get a free evaluation of your own farm if you are considering selling.

Iowa Farmland Prices 2017 Spring Survey

 

 

Iowa Farmland Prices By Region

Area High Quality Crop Land September High Quality Crop Land March Medium Quality Crop Land September  Medium Quality Crop Land March Low Quality Crop Land September Low Quality Crop Land March Non – Tillable Pasture Per Acre September Non – Tillable Pasture Per Acre March Timber Per Acre September Timber Per Acre March  %
Central 9,285 9,645 6,725 6,901 4,267 4,289 2,701 2,675 2,334 2,315 2.7%
East Central 9,486 9,568 6,904 7,026 4,253 4,285 2,709 2,684 2,165 2,137 1.1%
North Central 8,747 8,717 6,550 6,526 4,453 4,400 2,202 2,140 1,705 1,713 -0.5%
Northeast 8,830 8,997 6,575 6,834 4,193 4,278 2,646 2,723 2,498 2,432 2.6%
Northwest 10,596 10,893 7,820 8,015 4,784 5,044 2,842 2,828 2,505 2,494 3.2%
South Central 6,773 6,887 4,525 4,689 3,023 3,075 2,677 2,531 2,618 2,613 2.3%
Southeast 9,209 9,305 5,932 6,058 3,655 3,675 2,368 2,519 2,116 2,253 1.3%
Southwest 7,657 7,446 5,938 5,717 4,391 4,289 3,233 3,259 2,238 2,236 -3.0%
West Central  8,831  8,640 6,895 6,804 4,837 4,714 2,758 2,943 2,370 2,361 -2.0%
State 8,824 8,900 6,429 6,508 4,206 4,227 2,682 2,700 2,276 2,291 0.9%

If you are considering selling a farm today there is no substitute for a professional land broker or auctioneer to help you determine the value of your farm in Iowa.  We offer free value analysis when you are selling a farm and it will help you understand now to move forward.  Let me know how we can help you.

Request a Free Valuation for Your Farm or Land Property

Whether you’re ready to start the selling process, or even remotely curious, we will gladly provide you with a FREE Market Analysis! If you are in a position to sell land in the Midwest, we want to help you achieve the top of the market on your sale.

Farmland For Sale Adair County, Iowa

Farmland For Sale Adair County, Iowa

Farmland For Sale Adair County, IowaSellers: Gary Meyer, Judith Meyer, and Diane Darling  Auctioneers: Jason Smith 515-537-6633 and Rachel Tiffany 515-954-8063  Location: Bridgewater, Iowa Land Auction Details in Adair CountyThis farm is located on Highway 92 and has...

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