Iowa’s August Farmland Sales Summary

Sep 11, 2019 | Farmland Prices

Jason Smith

Jason Smith

Auctioneer, Land Broker

Jason is an Auctioneer and Land Broker and founder of DreamDirt, He is a lead farm real estate professional in the Midwest and has pioneered many modern methods of selling farmland. His experience in helping lead families to successful farmland transactions spans 2 decades and a myriad of advanced marketing skills and designations has helped propel him to be one of the most successful farmland auctioneers. The company he founded, DreamDirt, continues to be a leader in the farm sales and auction space and prides itself in offering extensive land seller and buyer information as well as outcomes that exceed expectations.

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

Iowa Farmland Sales Volume For 80% Tillable Farms

Farmland Prices In Iowa For August 2019

Similar to our July report on farmland sales, prices have continued to remain on a steady track. In August, tillable land values were sitting right at, or slightly above, the trend line and continue to look positive in terms of future growth into September.

Year-to-date trends and month-long trends can be found in the graphs below. 

Average Price Per CSR2 Point For Iowa Farmland

The average price per CSR2 point in August 2019 saw an increase from the month of July to $108.08, across all 80% tillable farms sold at auction in Iowa.

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 $8,211.51 per tillable acre of farmland in August 2019. The monthly average is now on an increase from July prices. Tillable land for the month of September is above the 6-month trend line, which has steadily increased since the beginning of the year.

 

Thinking Of Selling Farmland In Iowa?

You only get one opportunity to sell land the right way, mistakes last forever!  You should be as knowledgable as you can be when you are selling something so valuable and important.

DreamDirt takes pride in providing landowners with the most honest information about the choices they have in how they sell land assets. These two ebooks are completely free to download and will help you avoid the pitfalls you can encounter when selling your land as well as how to navigate the fast paced world of technology now intertwined with it. If you have more questions, you can call us at 515-537-6633!

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

County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
Story 8.78 7.03 $4,100.00 76.7 $53.46 $35,998.00 80.07
Black Hawk 133.16 130.32 $10,200.00 86.4 $118.06 $1,358,232.00 97.87
Cedar 77 72.33 $8,375.00 83.6 $100.18 $644,875.00 93.94
Cedar 102.1 97.2 $9,800.00 88.7 $110.48 $1,000,580.00 95.20
Cedar 177.7 159.8 $11,500.00 93.1 $123.52 $2,043,550.00 89.93
Cedar 135.8 135.8 $12,300.00 91.4 $134.57 $1,670,340.00 100.00
Davis 147.2 145 $11,100.00 90.4 $122.79 $1,633,920.00 98.51
Davis 68.55 61.16 $6,700.00 62.3 $107.54 $459,285.00 89.22
Davis 37.7 38 $7,000.00 50.3 $139.17 $263,900.00 100.80
Palo Alto 85 84.83 $10,600.00 84.4 $125.59 $901,000.00 99.80
Palo Alto 276 261.06 $8,825.00 85.9 $102.74 $2,435,700.00 94.59
Appanoose 44.34 38 $3,750.00 46.6 $80.47 $166,275.00 85.70
Appanoose 57 47 $2,600.00 27.4 $94.89 $148,200.00 82.46
Appanoose 42.25 37 $2,700.00 36.5 $73.97 $114,075.00 87.57
Plymouth 152 150.87 $6,300.00 43.3 $145.50 $957,600.00 99.26
Harrison 116.25 116.58 $7,550.00 78 $96.79 $877,687.50 100.28
Harrison 39 40.21 $7,800.00 79.7 $97.87 $304,200.00 103.10
Harrison 106.22 94 $6,100.00 66 $92.42 $647,942.00 88.50
Harrison 74.75 78.30 $9,200.00 68.9 $133.53 $687,700.00 104.75
Harrison 139.78 120.52 $4,500.00 56.9 $79.09 $629,010.00 86.22
Harrison 232.75 221.19 $6,900.00 66.8 $103.29 $1,605,975.00 95.03
Pottawattamie 268.7 263.5 $6,200.00 48.1 $128.90 $1,665,940.00 98.06
Pottawattamie 149.11 135 $5,000.00 51.5 $97.09 $745,550.00 90.54
Pottawattamie 217.65 176 $5,000.00 52 $96.15 $1,088,250.00 80.86
Pottawattamie 175.25 167.92 $5,800.00 64.4 $90.06 $1,016,450.00 95.82
Shelby 77.44 77.69 $8,100.00 58.4 $138.70 $627,264.00 100.32
Mitchell 155 148.3 $6,900.00 81.9 $84.25 $1,069,500.00 95.68
Butler 110 106.9 $7,100.00 79.8 $88.97 $781,000.00 97.18
Butler 120 119.7 $9,100.00 88 $103.41 $1,092,000.00 99.75
Butler 91 90.1 $8,475.00 88.6 $95.65 $771,225.00 99.01
Butler 40 38.9 $10,500.00 89.2 $117.71 $420,000.00 97.25
Butler 103 101.4 $7,400.00 85 $87.06 $762,200.00 98.45
Butler 107 103.4 $6,350.00 69.1 $91.90 $679,450.00 96.64
Clay 100 99.5 $11,700.00 96.4 $121.37 $1,170,000.00 99.50
Fayette 76.8 74.95 $8,000.00 87.4 $91.53 $614,400.00 97.59
Shelby 139.3 131.91 $7,325.00 71.6 $102.30 $1,020,372.50 94.69
Plymouth 40 37.08 $10,000.00 78.7 $127.06 $400,000.00 92.70
Benton 79.15 71.38 $7,000.00 86.5 $80.92 $554,050.00 90.18
Tama 240 218.4 $8,125.00 89.5 $90.78 $1,950,000.00 91.00
Marshall 80 77.91 $11,400.00 83.6 $136.36 $912,000.00 97.39
Marshall 171 170.15 $6,400.00 74.1 $86.37 $1,094,400.00 99.50
Marshall 37 36.67 $6,500.00 68.7 $94.61 $240,500.00 99.11
Sac 78 72.03 $9,792.00 89.2 $109.78 $763,776.00 92.35
Crawford 120 98.36 $6,372.00 78.6 $81.07 $764,640.00 81.97
Hamilton 320 311 $9,525.00 85.1 $111.93 $3,048,000.00 97.19
Muscatine 57.56 55 $10,100.00 87.3 $115.69 $581,356.00 95.55
Muscatine 38.94 34.86 $10,100.00 82 $123.17 $393,294.00 89.52
STATEWIDE TOTALS 5445.23 5154.21 $7,790.72 74.00 $104.87 $42,811,662.00 94.66

Featured Farmland Auction In Iowa

This is a nice 41 acre tract located just NW of Coon Rapids, Iowa. The property is currently seeded down to alfalfa, with a small portion of the acres being used as pasture. The north boundary of this farm has the Middle Raccoon River running along its banks.  Whether you are looking for that perfect place to build a home in the country with views or add a few more tillable acres set up a viewing to come check this property out. The property has a CSR2 rating of 56.7 along with a 20ft x 42ft Hoop Building and one 8,000 BU Grain Bin built in 1990. The new owner will have immediate possession upon closing!

Online bidding is open NOW, and will close on September 19, 2019 at 10 AM. Click Here to learn more and bid!

Thinking Of Selling Farmland in Iowa?

You only get one opportunity to sell land the right way, mistakes last forever! You should be as knowledgeable as you can be when you are selling something so valuable and important.

DreamDirt takes pride in providing landowners with the most honest information about the choices they have in how they sell land assets. These two ebooks are completely free to download and will help you avoid the pitfalls you can encounter when selling your land as well as how to navigate the fast paced world of technology now intertwined with it. If you have more questions, you can call us at 515-537-6633!

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