Iowa Farmland Sets a New Price Record 5th Time in 12 Months
Land Auction Advertising Photos and Video
Everybody has been focused on planting and spraying. Gas prices have been hitting farmers hard this Spring but fertilizer costs dropped 30% this week! It’s June and our auctioneering inquiries have been picking up for Fall and Winter auctions in late 2022. Last week in my radio interviews I talked about the prospect of shooting marketing footage for farms during the green season. More often than not people sell farms in the off-season and we are not hired until after the crop is out. We always like the opportunity to be hired during the crop year even if the auction won’t be until the off-season. This is so we can get excellent in-season crop footage and make the most appealing advertising photos and videos. Does it make a difference in the price outcome of the farm? I doubt that it does but it sure doesn’t hurt to have nice footage and take advantage of every possible element. Call Nicole or me at 515-537-6633 if you want to learn how to maximize the value of your farm.
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 comprised 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
Iowa Farmland Sales May 21st – 31st
Temperatures are rising and so are farmland prices! Plymouth County in Northwest Iowa takes the top this week at a record-breaking price of $25,000/acre! That’s twice as much as the county average price of $12,416/acre released in December 2021 from Iowa State University’s Land Survey. The 96.33-acre farm and the 3.67-acreage were sold to a neighboring farmer by live and online auction in Le Mars, IA Friday, May 27th.
It’s no surprise that Sioux County was runner-up at $21,900/acre or $239.34/CSR2 also in Northwest Iowa. The average price of farmland for the end of May across 14 tillable farmland auction results and 1,076.45 acres sold was; $14,820.21/acre and $177.45/CSR2. Check out the data table from the recent farmland sales that happened in Iowa last week and be sure to watch Rachel’s video! Rachel is a licensed broker and auctioneer on our team and you can reach her at 515-954-8063 or rachel@dreamdirt.com with any questions.
| County | Total Acres | Price Per Acre | CSR2 | $ per CSR2 | Price | % Tillable |
|---|---|---|---|---|---|---|
| Clinton | 29.663 | $12,900.00 | 74.5 | $173.15 | $382,652.70 | 98.47 |
| Clinton | 67.353 | $13,400.00 | 76.3 | $175.62 | $902,530.20 | 97.99 |
| Jasper | 78.42 | $13,700.00 | 80.2 | $170.82 | $1,074,354.00 | 93.09 |
| Jasper | 76.13 | $11,200.00 | 76.2 | $146.98 | $852,656.00 | 92.12 |
| Sioux | 68 | $21,900.00 | 91.5 | $239.34 | $1,489,200.00 | 98.24 |
| Dickinson | 98.22 | $13,550.00 | 85.2 | $159.04 | $1,330,881.00 | 96.72 |
| Cerro Gordo | 36.59 | $12,049.00 | 84.4 | $142.76 | $440,872.91 | 93.36 |
| Cerro Gordo | 59.93 | $10,765.00 | 83.1 | $129.54 | $645,146.45 | 88.92 |
| Louisa | 52 | $8,369.00 | 71.6 | $116.89 | $435,188.00 | 85.44 |
| Jackson | 143.81 | $16,750.00 | 67.9 | $246.69 | $2,408,817.50 | 95.97 |
| Marion | 42 | $6,600.00 | 77.7 | $84.94 | $277,200.00 | 99.83 |
| Clay | 154 | $21,000.00 | 96.7 | $217.17 | $3,234,000.00 | 96.07 |
| Clay | 74 | $20,300.00 | 95.9 | $211.68 | $1,502,200.00 | 91.09 |
| Plymouth | 96.33 | $25,000.00 | 92.7 | $269.69 | $2,408,250.00 | 97.75 |
| Totals | 1076.446 | $14,820.21 | 82.42 | $177.45 | $17,383,948.76 | 94.89 |
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
Corn Prices Remain Elevated Promoting Higher Land Prices
It’s no secret that corn prices and land values are married. They go everywhere together and never get very far from each other. The #1 question I get is, “What will land prices do in the future?” The answer is also a question, “What will corn prices do in the future?” It’s just that simple. Understanding the pattern helps make decisions. It’s often hard to look ahead with so many factors in play and know, but I always tell clients, “We know where we are right now, that’s what is most important.” If the time is right to sell your farm, the market is also very good right now. Farms are worth more than they have ever been worth in the history of the earth!
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.
Iowa Land Prices at A Glance
Our Iowa Farmland Price Heat Maps have been a huge help for people that want to visualize and research farmland prices in Iowa. Here you can research your farm’s proximity or the statewide market and see individual sale results, 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.
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