Iowa’s June Farmland Sales Summary

Jul 16, 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 June, 2019

Land prices over the past few months have remained fairly steady. June 2019 tillable land values are sitting right at the 6-month trend line and look to have potential for positive growth. Taking into consideration of the weather this season, the markets are right on track to where we would expect them to be at.

In addition to the weather not being ideal for planting this spring, the crops that did get planted could generate a lower yield come harvest. The crops were not planted as early as farmers would have hoped which leads to later pollination and harvest. Even though the 2019 crop may not produce record yields, the land prices are still looking positive in the months to come due to the rally of corn prices. The increase in corn prices are giving hope to those looking to sell farmland this coming fall, winter, or spring, and the land market should remain steady in the months to come.

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 June 2019 increased to $102.80, across all 80% tillable farms sold at auction in Iowa. This is a slight increase from the previous month of May.

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 $8,229.19 per tillable acre of farmland in June 2019. The monthly average is on a steady decrease for the two previous months of April and May. Tillable land for the month of June is above the 6-month trend line, which has steadily increased since the beginning 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.

June 2019 Average Price Per Acre Of Farmland

 

Iowa Farmland Prices – 12 Month Rolling Summary

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

STATEWIDE TOTALS 2384.76 2276.31 $8,229.19 79.63 $102.80 $18,831,655.71 95.45
County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
Van Buren 81.3 81 $6,300.00 51.7 $121.86 $512,190.00 99.63
Kossuth 89 76.18 $6,250.00 66.5 $93.98 $556,250.00 85.60
Humboldt 262.92 243 $5,488.00 76.3 $71.93 $1,442,904.96 92.42
Dickinson 80 78.26 $9,350.00 86.7 $107.84 $748,000.00 97.83
Dickinson 80 79.7 $8,850.00 85.6 $103.39 $708,000.00 99.63
Dickinson 34 33.1 $7,300.00 83.3 $87.64 $248,200.00 97.35
Greene 79 75.12 $8,750.00 82.3 $106.32 $691,250.00 95.09
Greene 68.29 65.58 $8,775.00 84.2 $104.22 $599,244.75 96.03
Clay 79.3 76.56 $8,500.00 82.7 $102.78 $674,050.00 96.54
Cedar 70 67.55 $11,000.00 95.7 $114.94 $770,000.00 96.50
Mitchell 92.23 90.23 $8,150.00 75.7 $107.66 $751,674.50 97.83
Mitchell 140.51 137.45 $7,150.00 81.6 $87.62 $1,004,646.50 97.82
Mitchell 20 19.75 $8,000.00 81.7 $97.92 $160,000.00 98.75
Benton 59.28 59.28 $10,300.00 86.4 $119.21 $610,584.00 100.00
Mitchell 160 149.82 $7,100.00 87.4 $81.24 $1,136,000.00 93.64
Mitchell 80 79 $10,125.00 94.1 $107.60 $810,000.00 98.75
Madison 60 58.7 $5,500.00 64.4 $85.40 $330,000.00 97.83
Floyd 115 95.1 $4,400.00 72.2 $60.94 $506,000.00 82.70
Pocahontas 132 130 $5,500.00 66.9 $82.21 $726,000.00 98.48
Story 73 71.71 $10,600.00 87.2 $121.56 $773,800.00 98.23
Butler 47 46.58 $6,000.00 56.6 $106.01 $282,000.00 99.11
Story 80 74.15 $10,300.00 87.5 $117.71 $824,000.00 92.69
Kossuth 150 145.32 $9,300.00 76 $122.37 $1,395,000.00 96.88
Des Moines 20 19.88 $10,000.00 89.4 $111.86 $200,000.00 99.40
Des Moines 36.93 33 $7,700.00 70.5 $109.22 $284,361.00 89.36
Sac 115 113.2 $10,500.00 87.6 $119.86 $1,207,500.00 98.43
Washington 80 77.09 $11,000.00 89.9 $122.36 $880,000.00 96.36

Featured Farmland Auction In Iowa

These 2 tracts of land located just minutes from Winterset are the perfect place to build, farm, or hunt. Tucked away from St Charles pavement, the land can be used for constructing the perfect home and acreage, increasing your tillable acres, or enjoying for recreation. Tract 1 is roughly 10 acres of mostly tillable land or open building space and Tract 2 is roughly 11 acres with some timber and creek running along it. There is an easement through the property to reach Tract 2 and adjoining land owner.

Online Only Bidding is open NOW closing July 31 at 2PM. Click Here to learn more and bid!

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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