Iowa’s December 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 80% Tillable Farms
Farmland Prices In Iowa For December, 2018
As we breakdown the data for December 2018’s farmland prices, we see that the year closed out riding the average at just over $8,000 per acre. Prices are cooling a bit but are relatively good considering the current political climate. That’s not to say farmland prices are good everywhere – prices are going to be a bit lower in areas with more sales than areas with little land on the market.
Overall, the market is strong to sell farmland as we move into 2019. Predictability is key – we don’t know what is in store for land prices three to five months from now. We do know that prices are strong right now, making now the most predictable time to sell land and have a good sense of what price it will bring.
Average Price Per CSR2 Point For Iowa Farmland
Across 80% tillable farms sold at auction in Iowa, the average price per CSR2 point in December 2018 was $102.64. The price declined from November 2018, but month to month variations depend on the quality of farms sold that month. The best representation of price per CSR2 point is over a longer period of time.
Average Price Per Acre Of Tillable Farmland In Iowa
In December 2018, we saw an average price of $8,053.90 per tillable acre of farmland across all sales in the state. The price rose for the majority of the month between weeks 49 and 51, but dropped back down to finish out the year just under the 2018 average.
Selling Farmland In Iowa
In 2018, DreamDirt’s average price per acre sold was $40 higher than the December 2018 average. When selling land, the right price from the right bidder can go a long way. If you are considering selling farmland in Iowa we can help you learn what your farm is worth and what it will take to sell it. We have the data and the expertise to offer you professional guidance in the sale of your land. You can call us at 515-537-6633 or click the link below to learn more.
December 2018 Average Price Per Acre Of Farmland
Iowa Farmland Prices – 12 Month Rolling Summary
Iowa Farmland Prices Year To Date Summary
Iowa Farmland Sales Report For December 2018 – 80% Tillable Farms
|
STATEWIDE TOTALS |
4934.23 |
4689.49 |
$8,053.90 |
78.09 |
$102.64 |
$39,917,170.25 |
95.04 |
|
County |
Total Acres |
Tillable Acres |
Price Per Tillable Acre |
CSR2 |
$ per Tillable CSR2 |
Price |
% Tillable |
|
Monroe |
76 |
72.610 |
$6,800.00 |
84.3 |
$80.66 |
$516,800.00 |
95.54 |
|
Hamilton |
52 |
51.11 |
$8,000.00 |
88.9 |
$89.99 |
$416,000.00 |
98.29 |
|
Audubon |
70.55 |
66.08 |
$6,250.00 |
64.2 |
$97.35 |
$440,937.50 |
93.66 |
|
Mills |
116 |
102.72 |
$6,250.00 |
72.4 |
$86.33 |
$725,000.00 |
88.55 |
|
Cherokee |
153.77 |
145.67 |
$9,000.00 |
93.3 |
$96.46 |
$1,383,930.00 |
94.73 |
|
Pottawattamie |
119.01 |
103 |
$4,075.00 |
60 |
$67.92 |
$484,965.75 |
86.55 |
|
Dallas |
80 |
79 |
$12,800.00 |
85.5 |
$149.71 |
$1,024,000.00 |
98.75 |
|
Story |
40 |
36.05 |
$10,500.00 |
79.3 |
$132.41 |
$420,000.00 |
90.13 |
|
Union |
213 |
198 |
$6,500.00 |
75.7 |
$85.87 |
$1,384,500.00 |
92.96 |
|
Ringgold |
156 |
148 |
$4,800.00 |
61.40 |
$78.18 |
$748,800.00 |
94.87 |
|
Cerro Gordo |
153.5 |
151.4 |
$9,870.00 |
89.10 |
$110.77 |
$1,515,045.00 |
98.63 |
|
Grundy |
98 |
95.4 |
$11,100.00 |
94.40 |
$117.58 |
$1,087,800.00 |
97.35 |
|
Butler |
160 |
156.1 |
$9,750.00 |
79.80 |
$122.18 |
$1,560,000.00 |
97.56 |
|
Butler |
148 |
138.4 |
$8,525.00 |
78.30 |
$108.88 |
$1,261,700.00 |
93.51 |
|
Butler |
80 |
75.8 |
$8,750.00 |
91.00 |
$96.15 |
$700,000.00 |
94.75 |
|
Butler |
80 |
78.4 |
$8,375.00 |
82.80 |
$101.15 |
$670,000.00 |
98.00 |
|
Ida |
111.53 |
95.53 |
$7,100.00 |
66.40 |
$106.93 |
$791,863.00 |
85.65 |
|
Ida |
118.74 |
115.15 |
$7,200.00 |
62.30 |
$115.57 |
$854,928.00 |
96.98 |
|
Keokuk |
74.77 |
71.5 |
$6,550.00 |
72.00 |
$90.97 |
$489,743.50 |
95.63 |
|
Harrison |
78.04 |
77.7 |
$7,600.00 |
68.10 |
$111.60 |
$593,104.00 |
99.56 |
|
Shelby |
59.46 |
54.41 |
$6,000.00 |
62.50 |
$96.00 |
$356,760.00 |
91.51 |
|
Shelby |
79 |
73.68 |
$7,300.00 |
64.70 |
$112.83 |
$576,700.00 |
93.27 |
|
Harrison |
78.2 |
65.36 |
$6,000.00 |
68.60 |
$87.46 |
$469,200.00 |
83.58 |
|
Poweshiek |
160 |
155.46 |
$9,350.00 |
82.30 |
$113.61 |
$1,496,000.00 |
97.16 |
|
Chickasaw |
106.31 |
103.05 |
$4,800.00 |
70.50 |
$68.09 |
$510,288.00 |
96.93 |
|
Sac |
52 |
49.29 |
$6,800.00 |
76.40 |
$89.01 |
$353,600.00 |
94.79 |
|
Worth |
80 |
75.1 |
$7,750.00 |
82.30 |
$94.17 |
$620,000.00 |
93.88 |
|
Worth |
100 |
98.2 |
$8,775.00 |
90.80 |
$96.64 |
$877,500.00 |
98.20 |
|
Worth |
80 |
76.2 |
$8,500.00 |
91.70 |
$92.69 |
$680,000.00 |
95.25 |
|
Worth |
80 |
74.9 |
$8,100.00 |
87.70 |
$92.36 |
$648,000.00 |
93.63 |
|
Worth |
40 |
38.8 |
$8,525.00 |
87.80 |
$97.10 |
$341,000.00 |
97.00 |
|
Sioux |
157.12 |
154.24 |
$15,400.00 |
90.1 |
$170.92 |
$2,419,648.00 |
98.17 |
|
Benton |
172 |
167.78 |
$10,000.00 |
81.7 |
$122.40 |
$1,720,000.00 |
97.55 |
|
Woodbury |
77.32 |
80.13 |
$6,000.00 |
69.6 |
$86.21 |
$463,920.00 |
103.63 |
|
Linn |
160 |
156.48 |
$7,600.00 |
68.4 |
$111.11 |
$1,216,000.00 |
97.80 |
|
Linn |
54 |
52.29 |
$6,900.00 |
56.2 |
$122.78 |
$372,600.00 |
96.83 |
|
Cherokee |
67.4 |
55.86 |
$7,100.00 |
94.50 |
$75.13 |
$478,540.00 |
82.88 |
|
Sac |
119.35 |
119.75 |
$9,050.00 |
86.00 |
$105.23 |
$1,080,117.50 |
100.34 |
|
Webster |
74 |
72.93 |
$9,600.00 |
83.80 |
$114.56 |
$710,400.00 |
98.55 |
|
Webster |
147 |
138.54 |
$6,400.00 |
70.40 |
$90.91 |
$940,800.00 |
94.24 |
|
Plymouth |
40 |
38 |
$8,100.00 |
77.90 |
$103.98 |
$324,000.00 |
95.00 |
|
Plymouth |
80 |
74 |
$8,100.00 |
79.50 |
$101.89 |
$648,000.00 |
92.50 |
|
Carroll |
80 |
79.5 |
$9,950.00 |
88.00 |
$113.07 |
$796,000.00 |
99.38 |
|
Carroll |
50 |
47.23 |
$8,000.00 |
83.00 |
$96.39 |
$400,000.00 |
94.46 |
|
Carroll |
132 |
127.09 |
$5,000.00 |
61.00 |
$81.97 |
$660,000.00 |
96.28 |
|
Crawford |
78 |
69.82 |
$9,250.00 |
75.6 |
$122.35 |
$721,500.00 |
89.51 |
|
Crawford |
112.16 |
99.45 |
$9,250.00 |
85.1 |
$108.70 |
$1,037,480.00 |
88.67 |
|
Boone |
40 |
38.24 |
$8,700.00 |
75.7 |
$114.93 |
$348,000.00 |
95.60 |
|
Boone |
40 |
38.32 |
$8,950.00 |
82.4 |
$108.62 |
$358,000.00 |
95.80 |
|
Wright |
160 |
157.77 |
$7,650.00 |
81.3 |
$94.10 |
$1,224,000.00 |
98.61 |
Featured Farmland Auction In Iowa
Join us on January 29th for this acreage auction in Hamilton County Iowa. This will be a live auction with online bidding available for remote bidding. Located in Hamilton County near Blairsburg, IA. This 5.23 acreage has a house, barns/sheds, and 4 grain storage bins. View the farmland auction listing at DreamDirt.com
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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