Iowa’s April Farmland Sales Summary

May 16, 2019 | Farmland Prices

Jason Smith

Jason Smith

Auctioneer, Land Broker, Appraiser

Jason is a farm real esate processional in Iowa licensed as a broker and auctioneer.  The Iowa Farmland Prices Report is an aggregation of farmland sales across the entire state of Iowa.  DreamDirt has offices in Mason City, Des Moines, Onawa and Storm Lake.

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

Iowa Farmland Sales Volume For 80% Tillable Farms

Farmland Prices In Iowa For April, 2019

The pattern of land prices over the past twelve months has not changed much. In April 2019, we did not see much change on the markets again. This is starting to generate some heat on farmers and producers. The trade war that is occurring between China and the United States is putting the farmers in the middle of a political battle, and is the driving force behind the lack of movement in the commodity markets. With that in mind, the land prices should not be effected, but the trade war could increase the overall volume of land available to purchase in future months.

With the potential increased number of farmland sellers and the increased average price of tillable acres for the month of April, we’re seeing land on the market that is ready to sell for a reasonable price. These factors could also adjust the amount of demand there is in the market, bringing lower prices than expected. Not to worry though, there is still high demand for high quality farmland, roughly 80CSR2 or above. While the medium quality farmland (50-75 CSR2 rating) prices are softening, there has not been much of a change on the markets nor has there been a decrease of acres sold in the past few months.

If a farmer or estate is looking to sell their farm or acreage, the markets have been steady for months and they should stay about the same going forward.

Average Price Per CSR2 Point For Iowa Farmland

The average price per CSR2 point in April 2019 increased to $105.46, across all 80% tillable farms sold at auction in Iowa. This is a large increase from the months of February and March.

The CSR2 point rating is a measure of the soil’s productivity out of a scale of 100. It is important to remember that monthly variations depend on the quality of farms sold that month. A longer period of time such as six months to a year is the best representation of the price per CSR2 point. 

Average Price Per Acre Of Tillable Farmland In Iowa

We saw an average price of $8,372.88 per tillable acre of farmland in April 2019. The monthly average was decreasing for the two previous months of February and March. April is has almost the same average price per acre as the month of January of 2019. Tillable land for the month of April is above the trend line, which is expected for this time of the year.

 

Selling Farmland In Iowa

Selling a farm doesn’t have to be a scary or stressful experience. If you are considering selling farmland in Iowa, DreamDirt can help you learn what your farm is worth for free. Not only that, but we have the data and expertise to offer you professional guidance in the marketing and sale of your land. You can call us at 515-537-6633 or click the link below to learn more.

April 2019 Average Price Per Acre Of Farmland

 

Iowa Farmland Prices – 12 Month Rolling Summary

 

Iowa Farmland Sales Report For April 2019 – 80% Tillable Farms

TOTALS 2177.33 2046.55 $8,372.88 79.25 $105.46 $16,600,891.10 93.99
County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
Clay 58.19 56.7 $7,900.00 83.3 $94.84 $447,930.00 97.44
Plymouth 88.1 80.71 $13,200.00 90 $146.67 $1,065,372.00 91.61
Tama 75 69.65 $8,600.00 81.7 $105.26 $598,990.00 92.87
Clay 80 77.54 $12,600.00 95.4 $132.08 $977,004.00 96.93
Iowa 80 72.41 $4,650.00 50.3 $92.45 $336,706.50 90.51
Hardin 45 40 $5,000.00 79.7 $62.74 $200,000.00 88.89
Worth 154 154 $4,450.00 45.6 $97.59 $685,300.00 100.00
Fremont 153.5 139.26 $4,885.00 65.9 $74.13 $680,285.10 90.72
Story 105.97 105.66 $10,900.00 86 $126.74 $1,151,694.00 99.71
Floyd 65 63.89 $8,500.00 83.5 $101.80 $543,065.00 98.29
Floyd 80 79.42 $8,275.00 89.8 $92.15 $657,200.50 99.28
Floyd 80 79 $7,750.00 89.1 $86.98 $612,250.00 98.75
Floyd 67 58.4 $6,050.00 86.7 $69.78 $353,320.00 87.16
Floyd 130 124.36 $7,725.00 90 $85.83 $960,681.00 95.66
Floyd 80 80 $8,100.00 84.2 $96.20 $648,000.00 100.00
Wapello 80 68 $6,750.00 76.1 $88.70 $459,000.00 85.00
Jefferson 90 84 $7,300.00 74.5 $97.99 $613,200.00 93.33
Dickinson 80 70.79 $7,000.00 80.3 $87.17 $495,530.00 88.49
Decatur 60 48.36 $4,750.00 56.3 $84.37 $229,710.00 80.60
Winnebago 155.5 130.58 $4,300.00 75.9 $56.65 $561,494.00 83.97
Sioux 55 55 $13,150.00 71.3 $184.43 $723,250.00 100.00
Sioux 67 66 $14,200.00 65.4 $217.13 $937,200.00 98.51
Floyd 50 49 $7,825.00 87.5 $89.43 $383,425.00 98.00
Carroll 38.07 38 $8,935.00 81.6 $109.50 $339,530.00 99.82
Marshall 80 78.44 $13,200.00 97.2 $135.80 $1,035,408.00 98.05
Marshall 80 77.38 $11,700.00 93.2 $125.54 $905,346.00 96.73

Featured Farmland Auction In Iowa

This pair of high-quality farms in Mitchell County, Iowa will be sold by online auction closing June 5 at 2PM. Online bidding is open now! The tracts are located 1/2 mile apart on Highway 218 between Osage and St. Ansgar, IA. Click here for more information about this outstanding property!

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.

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Jason is an Auctioneer and Land Broker and the founder of DreamDirt, He is a lead farm real estate professional in the Midwest and nearly 2 decades of experience assisting family farms in the successful sale of farmland.  Email: jason@dreamdirt.com | Phone: (515)...

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