Iowa’s Weekly Farmland Sales Report Sept 24th
Jason J Smith
Auctioneer & Land Broker
Jason is an experienced farmland broker and auctioneer with extensive experience in farmland sales across this Midwest. Jason has worked with hundreds of clients to create advantageous outcomes. If you are selling land schedule a consultation with Jason by calling or using the calendar.
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Welcome back for another week of farmland sales in Iowa! The week stayed busy with lots of new farms coming on the market, and all of them selling at great prices. Land auctions around the state continued to set higher numbers and dollars per CSR point continue to remain strong especially on moderate quality farms. Read the full Iowa Farmland Prices Report below.
Understanding Iowa’s CSR Ratings on Land
New Land Auction Listing in Monona County
We just listed this farm for the Bergman Family in Monona County! This 130 acre farm is a whitetail hunters dream! Its an absolutely beautiful farm in the Loess Hills. The farm also have 52 tillable acres that generate income annually through cash rents and the tillable soils have a CSR2 rating of 80.7 which is really incredible in the hills! The primary soil on this farm is Napier Silt Loam which is a very durable soil and very capable of growing an excellent crop. Whether you use those acres for cash rent or deer hunting food plots I bet you will enjoy having such a high quality soil to grow in. This farm will sell on October 27th with bidding ending at 2PM. If you want to view the property view the drone video on in our DreamDirt Marketplace or call to make an appointment to walk the farm.
Iowa Land Prices at A Glance
Our Iowa Farmland Price Heatmaps have been a huge help for people that want to visiuliaze and research farmland prices in Iowa. Here you can research your farm’s proximity or the statewide market and see individual sale results, average prices per acre, average price per CSR2 point as well as volumes of sales and the number of acres sold. Use this market price research tool right here at DreamDirt. Click the Iowa map to get started.
Iowa Farmland Sales News This Week
This Weeks Farmland Sales by County in Iowa
As we move farther into harvest and more farms hit the market I am positive we’ll see a high volume season this year. That means the farms selling earlier in the season have a better opportunity at more money. If you imagine the audience at the start of a show and the audience at the end of the show, its typically lower in the end. This farmland sales season is probably going to be similar, you have a big audience right now as we head into Fall but many of those onlookers will have made a purchase by late Winter. Many people ask me about the timing of a farmland sale. There really isn’t a good answer to that question. There are too many variables but at times like this there is an easy answer, right now!
Our chart shows the farmland auctions that sold this week across Iowa and there isn’t a “soft” sale in all of them. Out of 21 farmland auctions this week there are only 6 of them with 4 digit results! Thats pretty impressive when you consider that the last Iowa State University Land Survey showed an average land price of $7,559 per acre.
In the upcoming we have have a fair number of auctions coming to market including 1 farmland auction with over 700 acres of 90+ CSR2 ratings near Storm Lake in Buena Vista County. It will be interesting to see the demand indicators during that auction. To see that many acres of high quality farmland unloaded in 6 tracts will give us a good idea of how competitive land buyers are able to be. If every tract is able to sell at a market high price it will be a great indication of the current strength buyers hold. With increased investor activity in the market right now I suspect this auction will breeze through the system and be an example of why buying high quality land is always a no brainer.
I will be back next week to report on this weeks sales. If you enjoy our report scroll down and sign up for our newsletter where you can get more news, new listings and information on our services at DreamDirt Auctions.
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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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