Iowa’s January Farmland Sales Summary

Feb 11, 2019 | Farmland Prices

Jason Smith

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 January, 2019

2019 started off quiet in farmland sales … very quiet. Some auction companies didn’t host a single auction, and very few had multiple. We are seeing selling hesitation from clients worried about market disruptions such as the government shutdown, trade concerns, and low commodity prices. But, their hesitation is unfounded because the market is stable right now. The factors playing into current land prices are not political market disruptions, but instead are the volume of land sales in your neighborhood, and the 2017 crop in that neighborhood. We’re in a stable market when it comes to those factors!

Another fear of sellers right now is the increasing interest rates. Anytime interest rates increase, the banks get more money and sellers get less. Interest rates are meant to control the speed of the U.S. economy. Their pattern is typically to increase incrementally for a period of time, then decrease incrementally for a period of time. We are in a period of incremental increase which will continue to put pressure on farmland prices for the next year. That makes today a better day to sell your farm than a year from now.

Average Price Per CSR2 Point For Iowa Farmland

The average price per CSR2 point in January 2019 was $106.25, across all 80% tillable farms sold at auction in Iowa. This is up $4 from December 2018. 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. The best representation of price per CSR2 point is over a longer period of time such as six months to a year.

Average Price Per Acre Of Tillable Farmland In Iowa

We saw an average price of $8,540.55 per tillable acre of farmland in January 2019. While the January weekly average stayed below $8,200, the monthly average crept up from where it ended in 2018.

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.

January 2019 Average Price Per Acre Of Farmland

Iowa Farmland Prices Per Acre - Month View-6

 

Iowa Farmland Prices – 12 Month Rolling Summary

 

Iowa Farmland Prices Per Acre 12 Month-6

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

STATEWIDE TOTALS 2938.21 2802.54 $8,540.55 80.02 $106.25 $23,408,281.10 95.38
County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
Adair 126 105 $5,100.00 73.7 $69.20 $642,600.00 83.33
Adams 192.65 171 $4,600.00 60.4 $76.16 $886,190.00 88.76
Butler 77 74 $7,800.00 88 $88.64 $577,200.00 96.10
Butler 60 60 $7,800.00 88.9 $87.74 $468,000.00 100.00
Calhoun 120 116.12 $8,600.00 82.8 $103.86 $998,632.00 96.77
Calhoun 80 77.49 $9,500.00 83 $114.46 $736,155.00 96.86
Calhoun 73.35 73.35 $8,050.00 78.4 $102.68 $590,467.50 100.00
Cerro Gordo 150 146.7 $8,200.00 78 $105.13 $1,202,940.00 97.80
Clinton 116.2 116.2 $10,600.00 84.6 $125.30 $1,231,720.00 100.00
Crawford 97.76 94.42 $10,900.00 84.3 $129.30 $1,029,178.00 96.58
Crawford 155.93 153.85 $11,000.00 87.1 $126.29 $1,692,350.00 98.67
Fayette 153.65 143.44 $6,400.00 74.3 $86.14 $918,016.00 93.36
Fayette 100.52 99.83 $7,700.00 85.7 $89.85 $768,691.00 99.31
Fayette 80 79.5 $8,700.00 87.6 $99.32 $691,650.00 99.38
Hamilton 3.82 3.82 $12,105.00 87.9 $137.71 $46,241.10 100.00
Lyon 80 77 $8,200.00 56.6 $144.88 $631,400.00 96.25
Lyon 80.7 77.99 $12,200.00 88.5 $137.85 $984,540.00 96.64
Marshall 196 183 $7,071.00 84.6 $83.58 $1,293,993.00 93.37
Shelby 76.18 68.4 $11,300.00 81.1 $139.33 $860,834.00 89.79
Shelby 116.7 110.79 $7,700.00 67.5 $114.07 $898,590.00 94.94
Sioux 80.01 76.02 $11,650.00 86.2 $135.15 $885,633.00 95.01
Sioux 80 79.01 $11,750.00 91.2 $128.84 $928,367.50 98.76
Story 82.55 83.39 $9,300.00 88.1 $105.56 $775,527.00 101.02
Winnebago 75 64.9 $5,600.00 56 $100.00 $363,440.00 86.53
Winnebago 117 112.9 $6,250.00 77.2 $80.96 $705,625.00 96.50
Winnebago 131 128.01 $5,600.00 76.6 $73.11 $716,856.00 97.72
Wright 78 74 $6,900.00 78.3 $88.12 $510,600.00 94.87
Wright 118.19 112.91 $9,500.00 84.5 $112.43 $1,072,645.00 95.53
Wright 40 39.5 $7,600.00 79.6 $95.48 $300,200.00 98.75

Featured Farmland Auction In Iowa

Register online now for an opportunity to own this investment grade farm in Hamilton County, on February 15th. The farm will be sold at auction with online only bidding. The perfect investment for those seeking land holdings in their portfolio or a 1031 exchange. Tract 1 has some tile, with CRP income on 5.30 acres as a buffer strip along the creek, 87.95 acres are tillable with a 79 CSR2 on tillable acres. Tract 2 is flat black and square 18.16 acres with a CSR2 rating of 81.9. For more details, view the 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.

Related News