Iowa’s August Farmland Sales Summary
Jason Smith
CAI Auctioneer, Land Broker
Founder, Auctioneer, Broker, and Agent at DreamDirt, Jason Smith is a lead farm real estate professional in the Midwest. He has achieved the pinnacle of auction education earning the CAI designation and is one of only 11 CAI auctioneers in Iowa. Jason graduated from the World Wide College of Auctioneering, and has achieved the PRI designation from the Professional Ringmen Institute. Jason and his wife founded DreamDirt in 2005, and the company continues to be a leader in the farm auction space and prides itself in offering extensive land seller and buyer information.
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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Iowa’s September Farmland Sales Summary
Founder, Auctioneer, Broker, and Agent at DreamDirt, Jason Smith is a lead farm real estate professional in the Midwest. He has achieved the pinnacle of auction education earning the CAI designation and is one of only 11 CAI auctioneers in Iowa. Jason graduated from...