Iowa’s March Farmland Sales Summary
Auctioneer, Land Broker, Founder
Jason holds Auctioneer or Land Broker licenses in Iowa, Missouri, Minnesota, Nebraska, and South Dakota. His DreamDirt team is comprised of auctioneers, land brokers, and realtors. They specialize in farmland sales primarily serving the heirs to family farms all across Iowa and surrounding states. We offer risk-free selling experiences and work hard to maximize the value of our client's assets using highly effective auction methods, technology, and powerful advertising.
Email: Jason@dreamdirt.com | Phone: (515) 537-6633
Iowa Farmland Sales Volume For 80% Tillable Farms
Farmland Prices In Iowa For March, 2019
January and February were very similar, but March brought about some completely new land price and availability data. Floods in western Iowa and eastern Nebraska stand to be somewhat of a gamechanger in 2019. Typically we see a fairly decent volume of land going on the auction market in late winter and early spring. This year was no different. However, now with the flooding and devastation it caused, some farmers will be forced to leave agriculture due to financial failure and retirements. This will ad an unanticipated supply of land into the marketplace.
This kind of natural disaster and destruction hurts locally. But it hurts the broader market as well. Any event that causes land to become available will also eat up local available money in different ways – regional and national investors only have so much to spend annually on farmland purchases and additional supply will spread that money over more acres. Farmland prices are likely to see a bit of a downturn as a result.
Up until this point, we have seen interest rates creeping higher and putting pressure on the cost of money. However, the Federal Reserve announced that there would be no more interest rate hikes this year, and have actually backed off the federal lending rate. The friction this caused on farmland prices has been reduced, but trade and low commodity prices continue to put pressure on land prices.
Overall, we may see this downward land trend for a few more weeks due to the pressure caused primarily by the flooding.
Average Price Per CSR2 Point For Iowa Farmland
The average price per CSR2 point in March 2019 was $99.29, across all 80% tillable farms sold at auction in Iowa. This is down from both January and February 2019. 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 $7,453.26 per tillable acre of farmland in March 2019. The monthly average has been slowly decreasing since
Selling Farmland In Iowa
Selling a farm doesn’t have to be a scary or stressful experience. If you are considering selling farmland in Iowa, DreamDirt can help you learn what your farm is worth for free. Not only that, but we have the data and expertise to offer you professional guidance in the marketing and sale of your land. You can call us at 515-537-6633 or click the link below to learn more.
March 2019 Average Price Per Acre Of Farmland
Iowa Farmland Prices – 12 Month Rolling Summary
Iowa Farmland Sales Report For March 2019 – 80% Tillable Farms
|County||Total Acres||Tillable Acres||Price Per Tillable Acre||CSR2||$ per Tillable CSR2||Price||% Tillable|
Featured Farmland Auction In Iowa
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Iowa Farmland Prices January 21st - 27th, 2023 A total of 1,477 acres were sold in Iowa this past week. The average price per acre for the 16 land auctions was $14,369/acre and $177.35/CSR2 point. Learn more about CSR2. Top Selling Farms in Iowa This week's...
Land For Sale in Ida County, Iowa Sellers: Wilma Hammer Estate Auctioneers: Jason Smith | (515) 537-6633 Location: Silver Creek Township, Iowa Land Auction Details in Ida County, IowaThis farm in Ida County is near the Sac and Buena Vista county lines. It is...
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