NORTH CENTRAL IOWA TILLABLE FARMLAND PRICES

As we reach the end of 2022, and the Iowa State University Land Value Survey has been released, we have some numbers to compare to our own data.  We compiled facts from that report in a recent blog post, Statewide Iowa Farmland Prices in 2023 Annual Report.  Our data is collected from actual sales of 80% tillable farmland.  It is time for a recap of farmland sales in North Central, Iowa for the year and hopefully gain some insight into 2023.  You can always view our Real-Time Current Farmland Price Data in Iowa which is updated frequently.

Realtors Land Institute Survey

In March of 2022, we saw results from the Realtors Land Institute land value survey showing a top value of North Central, Iowa farmland at $14,507 per acre.  The following report in September 2022 showed  value of $14,677 indicating low appreciation on high quality land over that 6 month period.  Medium quality land depreciated from $11,326 in March 2022 to $11,289 showing negative gain.  In the same period low quality cropland was recorded at $8,041 and 6 months later in September 2022 was at $7,924 per acre.  The North Central Iowa region was the only region in Iowa that showed a negative change in farmland prices over 2022 in the Realtors Land Institute report.  The March 2022 report had shown a 12.3% gain in land prices.  Statewide the September 2022 report showed only 2.8% appreciation of land values in the previous 6 months.

Jason Smith

Jason Smith

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

Non-Tillable and Timber Land Sales in North Central, Iowa

 

Non tillable and pasture acres in North Central, Iowa are currently running around $4,281 per acre for pasture and $3,546 for timber land according to the September 2022 report.  Those numbers were up from $4,238 and $3,468 in the previous reports.  Large tracts of timber and pasture are a rarity in North Central, Iowa; however, they do exist mainly along river valleys.  Parts of this region can have bog and peat type soils, especially prevalent in the Winnebago County area and reaching out into parts of surrounding counties.  Drainage and tile in this region is valuable and the newer the tile the better.  Buyers have a definite preference for pattern tiled farms and we see them do well when sold by auction.  Not all farms require tile but those that do definitely benefit from it.

NORTH CENTRAL IOWA FARM REAL ESTATE & AUCTION COMPANY

DreamDirt is a specialized farm and land auction company. We help our clients achieve the top value for their farmland using auction marketing methods and todays top technologies. Our company employs land brokers and auctioneers with specialties in appraisal, farm management, and coordination of of highly effective and powerful marketing campaigns for your farmland.  Our in house staff of administrative assistants are experts at real estate transaction management & settlement, content creation, marketing strategy, advertising technology and the important things that help DreamDirt not only spotlight your property but maximize participation in your auction or sale.  Our services help our clients achieve the outcomes they deserve and ensure everything is done smoothly and safely for you.  Our free farmland auction consultation and demonstration meetings are always highly rated by our clients and easy to set up.  Let us show you how to get better than appraisal price for your farm.
farmland prices graphic

North Central Iowa Land Sales

North Central, Iowa is comprised of 11 different Counties. Kossuth, Winnebago, Worth, Mitchell, Hancock, Cerro Gordo, Floyd, Humboldt, Wright, Franklin. Larger cities in this region include Algona, Britt, Forest City, Clear Lake, Mason City Charles City, Clarion, Hampton, and Humboldt  North Central, Iowa is directly north of Des Moines and borders the Minnesota and includes Interstate 35.  This region has highly productive farmland and is a target for farmland investors. North Central, Iowa has a significant number of wind farms and high capacity hog confinements.  North Central, Iowa farmland is primarily sold by auction throughout the region.  The region is primarily tillable farmland with few timber resource and very little pasture lands.

HOW TO SELL FARMLAND

DreamDirt offers various means from private sale and private auctions to public auctions that can be held in person or online. We can custom craft a marketing campaign for your assets that are customizable to fit you and your assets perfectly.  DreamDirt is a leader in auction technology and offers land sale services in all 99 Iowa Counties.  Our risk free seller experience and large buyer audience are a competitive advantage that are highly rated by previous clients.  We want you to have a smooth transition from land owner to land seller.  If you are selling farmland, call us at 515-537-6633 to learn about our resources and policies.

 

Kossuth County, Iowa Farmland Prices and Auction Results

Kossuth County Iowa Agriculture profile
Date County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
9/7/22 Kossuth 112 96.22 $8,700.00 69.4 $125.36 $974,400.00 85.91
7/19/22 Kossuth 80 75.60 $15,000.00 82.3 $182.26 $1,200,000.00 94.50
7/19/22 Kossuth 43.27 40.92 $8,600.00 58.8 $146.26 $372,122.00 94.57
6/9/22 Kossuth 115 109 $11,500.00 70.4 $163.35 $1,322,500.00 94.78
11/29/22 Kossuth 160 152.36 $14,700.00 79.7 $184.44 $2,352,000.00 95.23
9/20/22 Kossuth 278 264.83 $13,100.00 80.6 $162.53 $3,641,800.00 95.26
7/19/22 Kossuth 79.58 76.33 $15,400.00 80.3 $191.78 $1,225,532.00 95.92
3/29/22 Kossuth 75 73 $16,000.00 65.6 $243.90 $1,168,000.00 97.33
7/19/22 Kossuth 118.95 116.32 $14,650.00 84.5 $173.37 $1,742,617.50 97.79
6/28/22 Kossuth 88 86.07 $14,500.00 76.4 $189.79 $1,276,000.00 97.81
7/20/22 Kossuth 194.84 192.89 $13,800.00 84.1 $164.09 $2,688,792.00 99.00
12/1/22 Kossuth 63 62.41 $17,800.00 79.2 $224.75 $1,121,400.00 99.06
10/25/22 Kossuth 40 39.63 $17,000.00 81.9 $207.57 $680,000.00 99.08
8/30/22 Kossuth 166 164.85 $15,100.00 76.9 $196.36 $2,506,600.00 99.31
2/17/22 Kossuth 150.5 146.47 $13,200.00 79.4 $166.25 $1,933,404.00 97.32
2/17/22 Kossuth 83 82 $13,200.00 77.1 $171.21 $1,082,400.00 98.80
Average/Total 1655.14 1607.08 $14,182.14 76.77 $184.69 $23,113,167.50 97.23

Kossuth County Farmland has an average CSR2 of 82.0 countywide. Kossuth has the distinction of being the largest county in Iowa and has some awesome Iowa history behind its size.  Kossuth County absorbed Bancroft County in the mid 1800’s as well as a portion of Humboldt County to the south but only two years later was ordered to give the portion of Humbolt back that it had split with Webster County.  Webster was still allowed to keep a portion of Webster, a row of four townships making Humbolt a small county, still not the smallest however.  For trivia sake, Osceola County is the smallest county in Iowa.  Farmland in Kossuth County came a long ways from the times of being just endless swamp that was so worthless Bancroft County was given to Kossuth.  Looking at farmland sales from 2022 80% tillable farms that sold at auction brought an average of $14,182 per acre.  Farmland sales in Kossuth averaged $182.69 per CSR2 point.  The highest sale in the county occurred on Dec 1 2022 at $17,800 per acre or $224.75 per point.  The lowest farmland sale in Kossuth County was 96 acres that sold for $8700 per acre on September 7th.  The county had three land sales that broke the $200 per point range in 2022.  Going into 2023 a similar pattern is likely to prevail.

Winnebago County, Iowa Farmland Prices and Auction Results

Winnebago County Iowa Agriculture profile
Date County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
11/21/22 Winnebago 125 119.02 $11,700.00 79.5 $147.17 $1,462,500.00 95.22
8/16/22 Winnebago 77.4 74.36 $13,700.00 83.6 $163.88 $629,010.00 96.07
11/10/22 Winnebago 193 190 $12,100.00 79 $153.16 $2,335,300.00 98.45
5/5/22 Winnebago 73.7 73 $13,600.00 78 $174.36 $992,800.00 99.05
11/18/22 Winnebago 70.36 70.36 $11,900.00 73.6 $161.68 $837,284.00 100.00
11/29/22 Winnebago 78.5 78.5 $14,100.00 85 $165.88 $1,106,850.00 100.00
Average/Total 415.56 411.86 $12,925.00 78.9 $163.77 $5,272,234.00 99.37

Winnebago County farmland auctions for 80% tillable farms averaged $12,925 per acre in 2022 and $163.77 per CSR2 point.  The county has an average CSR2 value of 76.2. There were no sales that broke $200 per CSR2 point.  The highest selling farm sold for $14,100 per acre in late November and the lowest selling farm was at $11,700 per acre just a week before.  There was a difference of 6 CSR points between them and the likely distinction which is common in Winnebago County was drainage.  Drainage is an important value factor in this county.

Worth County, Iowa Farmland Prices and Auction Results

Worth County Iowa Agriculture profile
Date County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
3/31/22 Worth 91 77.64 $8,400.00 72.7 $115.54 $652,176.00 85.32
11/10/22 Worth 145.6 126.28 $7,000.00 78.2 $89.51 $1,019,200.00 86.73
3/21/22 Worth 40 36 $9,450.00 75.7 $124.83 $340,200.00 90.00
3/21/22 Worth 153.66 142.18 $8,445.00 84.2 $100.30 $1,200,710.10 92.53
5/18/22 Worth 80 75.5 $10,500.00 56.9 $184.53 $840,000.00 94.38
5/18/22 Worth 67.79 64.5 $10,290.00 60.1 $171.21 $697,559.10 95.15
8/31/22 Worth 149.81 142.64 $12,600.00 66.7 $188.91 $1,887,606.00 95.21
7/15/22 Worth 73.86 71 $9,643.00 84.8 $113.71 $712,231.98 96.13
11/30/22 Worth 76 73.14 $12,101.00 85.7 $141.20 $919,676.00 96.24
6/16/22 Worth 80.59 78.71 $16,400.00 88.1 $186.15 $1,321,676.00 97.67
11/15/22 Worth 107.64 105.60 $11,500.00 76.7 $149.93 $1,237,860.00 98.10
11/3/22 Worth 36 36 $6,700.00 53.2 $125.94 $241,200.00 100.00
Average/Total 671.69 647.09 $11,216.75 71.525 $157.70 $7,857,809.08 96.61

Worth County Iowa farmland has an average CSR2 rating of 76.5.  It is located along the Minnesota border in far Northern Iowa.  The highest farmland sale result in Worth County was $16,400 per acre or $186.15 per CSR2 point which occurred on June 16th.  The lowest sale for the year was a sale that resulted in a top bid of $6,700 per acre or $125/CSR2 point in early November.  Another farm sold for more per acre, $7,000 yet only $89.51/CSR2.

Mitchell County, Iowa Farmland Prices and Auction Results

Mitchell County Iowa Agriculture profile
Date County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
2/24/22 Mitchell 77 70.35 $9,000.00 74.1 $121.46 $633,150.00 91.36
3/23/22 Mitchell 80.24 70.3 $19,900.00 91.9 $216.54 $1,398,970.00 87.61
4/14/22 Mitchell 150.49 146 $11,900.00 71.1 $167.37 $1,737,400.00 97.02
4/14/22 Mitchell 151.81 148 $15,000.00 88 $170.45 $2,220,000.00 97.49
7/13/22 Mitchell 40 38.20 $10,400.00 83.6 $124.40 $416,000.00 95.50
7/13/22 Mitchell 78 75.5 $14,700.00 85.1 $172.74 $1,146,600.00 96.79
7/13/22 Mitchell 156 155 $17,100.00 90.3 $189.37 $2,667,600.00 99.36
7/23/22 Mitchell 165 145.72 $7,800.00 70.8 $110.17 $1,287,000.00 88.32
7/23/22 Mitchell 25 24.60 $7,300.00 53.4 $136.70 $182,500.00 98.40
7/23/22 Mitchell 60 60 $14,000.00 91.5 $153.01 $840,000.00 100.00
8/16/22 Mitchell 115 111.20 $13,250.00 81.9 $161.78 $687,700.00 96.70
9/23/22 Mitchell 153.3 140.40 $13,600.00 83 $163.86 $2,084,880.00 91.59
Average/Total 792.3 750.62 $12,268.75 79.95 $151.50 $9,312,280.00 95.83

Farmland in Mitchell County Iowa has an average CSR2 rating of 81.5 and is located on the Minnesota border.  Mitchell County farmland sales averaged $12,268 per acre and $151.50 per CSR2 point.  The highest farmland sale in the county was $19,900 per acre in March which was $216.64 per CSR2 point on a 91.9 CSR2 farm.  Those 90 plus CSR2 farms almost always break out unless they have a drainage issue.  Another 90 plus CSR farm sold in July but only made it to $17,100 per acre and $189.37 per point.  It’s very likely there was a quality difference between the two other than soil ratings.  Mitchell County always has strong competition for farmland and auctions are the preferred method of sale here.

Hancock County, Iowa Farmland Prices and Auction Results

Hancock County Iowa Agriculture profile
Date County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
3/2/22 Hancock 76 69.03 $12,200.00 86.6 $140.88 $842,166.00 90.83
3/7/22 Hancock 156 152.53 $18,500.00 86 $215.12 $2,821,805.00 97.78
6/16/22 Hancock 275 265 $11,100.00 75 $148.00 $3,052,500.00 96.36
6/21/22 Hancock 78.76 78.76 $17,700.00 88.5 $200.00 $1,394,052.00 100.00
7/19/22 Hancock 74.5 73.94 $15,750.00 79.6 $197.86 $1,173,375.00 99.25
8/13/22 Hancock 117.15 117 $8,350.00 64 $130.47 $957,600.00 99.87
8/27/22 Hancock 156 154.15 $13,600.00 73.5 $185.03 $2,121,600.00 98.81
8/27/22 Hancock 79 78.07 $8,600.00 58.4 $147.26 $679,400.00 98.82
9/8/22 Hancock 384 372.17 $15,800.00 86 $183.72 $6,067,200.00 96.92
10/14/22 Hancock 56 52.99 $14,200.00 86.9 $163.41 $795,200.00 94.63
10/14/22 Hancock 57 55.75 $11,800.00 78.8 $149.75 $672,600.00 97.81
11/15/22 Hancock 137 127.93 $12,900.00 87.3 $147.77 $1,767,300.00 93.38
11/15/22 Hancock 80 77 $14,600.00 79.9 $182.73 $1,168,000.00 96.25
11/15/22 Hancock 250 242.23 $13,500.00 84.5 $159.76 $3,375,000.00 96.89
11/15/22 Hancock 80 79 $14,400.00 79.9 $180.23 $1,152,000.00 98.75
11/17/22 Hancock 80 73.39 $9,000.00 47.8 $188.28 $720,000.00 91.74
11/17/22 Hancock 134.31 132.54 $8,500.00 62.5 $136.00 $1,141,635.00 98.68
12/1/22 Hancock 39.08 38.20 $16,000.00 84.2 $190.02 $625,280.00 97.75
12/2/22 Hancock 120 115 $9,900.00 82 $120.73 $1,188,000.00 95.83
12/2/22 Hancock 120 115 $6,000.00 68.2 $87.98 $720,000.00 95.83
Average/Total 1060.65 1032 $12,625.00 76.8125 $163.16 $14,234,275.00 97.44

Farmland sales in Hancock County Iowa averaged $12,625 per acre in 2022 and that trend is likely to continue into 2023.  The county average CSR2 is 78.7 The average sale of farmland in Hancock County was at $163.16 per CSR2 point.  Our company has conducted many farmland auctions in Hancock County.  The highest selling farmland auction in the county achieved $18,500 per acre in March and the next highest was in June at $17,700 per acre.  The highest sale achieved $215 per point and the 2nd place auction was at exactly $200 per point.  These were the only two sales above the $200 per point threshold.  The lowest sale in the county occurred on August 13th at $8,350 per acre with a 64 CSR2 farm.  The sale averaged $130.47 per point.

Cerro Gordo County, Iowa Farmland Prices and Auction Results

Cerro Gordo County Iowa Agriculture profile
Date County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
3/17/22 Cerro Gordo 68.33 60.76 $9,180.00 75.1 $122.24 $557,776.80 88.92
3/17/22 Cerro Gordo 67.4 65.62 $11,322.00 81.8 $138.41 $742,949.64 97.36
5/25/22 Cerro Gordo 59.93 53.29 $10,765.00 83.1 $129.54 $645,146.45 88.92
5/25/22 Cerro Gordo 36.59 34.16 $12,049.00 84.4 $142.76 $440,872.91 93.36
8/30/22 Cerro Gordo 227.1 223.90 $12,400.00 83.5 $148.50 $2,816,040.00 98.59
9/8/22 Cerro Gordo 170 162.55 $11,000.00 79.2 $138.89 $1,870,000.00 95.62
9/20/22 Cerro Gordo 80 73.30 $15,100.00 87.8 $171.98 $232,352.00 91.63
9/20/22 Cerro Gordo 80 77 $16,050.00 85.1 $188.60 $870,900.00 96.25
9/20/22 Cerro Gordo 140 135.40 $13,250.00 83.8 $158.11 $1,855,000.00 96.71
9/29/22 Cerro Gordo 43 36.1 $10,250.00 66.3 $154.60 $440,750.00 83.95
9/29/22 Cerro Gordo 58 57.2 $12,025.00 76.2 $157.81 $697,450.00 98.62
10/27/22 Cerro Gordo 110 107.35 $10,999.00 80 $137.49 $1,209,890.00 97.59
Average/Total 908.1 872.8 $12,634.25 80.2375 $157.00 $9,992,382.00 94.87

Cerro Gordo County IA Farmland had an average value of $12,624 in 2022 with sales averaging $157 per CSR2 point.  The county has an average CSR2 of 75.9  The highest sale of farmland in Cerro Gordo County was at $16,050 per acre on September 20th.  The farm sold at $188.60 per CSR2 point.  The lowest sale occurred in March at $9,180 per acre.  That equated to $122.24 per CSR2 point.  Cerro Gordo, County did not have any sales above $200 per point.

Floyd County, Iowa Farmland Prices and Auction Results

Floyd County Iowa Agriculture profile
Date County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
6/23/22 Floyd 156.49 131.16 $11,850.00 83.5 $141.92 $1,854,406.50 83.81
6/23/22 Floyd 122.75 108.77 $11,600.00 85.2 $136.15 $1,423,900.00 88.61
12/15/22 Floyd 71.24 68 $14,100.00 83.7 $168.46 $1,004,484.00 95.45
8/8/22 Floyd 80 76.63 $10,600.00 57.5 $184.35 $848,000.00 95.79
12/15/22 Floyd 103.6 99.38 $14,800.00 95.7 $154.65 $1,533,280.00 95.93
8/8/22 Floyd 73.67 71.64 $14,700.00 90.7 $162.07 $1,082,949.00 97.24
6/15/22 Floyd 74 72.3 $6,275.00 56.5 $111.06 $464,350.00 97.70
Average/Total 402.51 387.95 $12,095.00 76.82 $156.12 $4,933,063.00 96.42

Floyd County Iowa farmland averaged $12,095 per acre for 80% tillable farms.  The farmland sales we recorded for Floyd County had an average sale price of $156.12 per CSR2 point.  The lowest sale in the county was also the lowest in the region at $6,275 per acre or $111.06 per point.  The highest farmland sale was at $14,800 per acre or $154.65 per point and a close 2nd place per acre at $14,700 or $162.07 per point.  Depending on your own views a farmland sale can be higher for per acre price or per CSR2 price.  The top two sales in this county are a good example of how there can be an argument which is most important.  As an experienced auctioneer I believe dollars per CSR2 point is a more important indicator as you are looking at dollars per quality with the understanding not all acres are created equally.

Humboldt County, Iowa Farmland Prices and Auction Results

Humboldt County Iowa Agriculture profile
Date County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
7/21/22 Humboldt 90 81.04 $11,800.00 82.9 $142.34 $1,062,000.00 90.04
8/11/22 Humboldt 31 31 $13,000.00 86.1 $150.99 $403,000.00 100.00
10/18/22 Humboldt 219.66 206.22 $10,300.00 79.5 $129.56 $2,262,498.00 93.88
10/18/22 Humboldt 76.79 74.50 $14,500.00 84 $172.62 $1,113,455.00 97.02
11/15/22 Humboldt 80 64.35 $13,250.00 86 $154.07 $1,060,000.00 80.44
11/15/22 Humboldt 160 158 $16,750.00 86 $194.77 $2,680,000.00 98.75
11/18/22 Humboldt 80 76.68 $14,500.00 81.4 $178.13 $1,160,000.00 95.85
11/18/22 Humboldt 80 77.06 7900 59.2 $133.45 $632,000.00 96.33
11/18/22 Humboldt 230.9 225.82 $15,250.00 83.5 $182.63 $3,521,225.00 97.80
11/21/22 Humboldt 154 152.30 $9,000.00 79.9 $112.64 $1,386,000.00 98.90
11/21/22 Humboldt 168 168 $11,904.00 84.1 $141.55 $1,999,872.00 100.00
Average/Total 952.9 922.21 12650.57 80.014 $156.75 $12,439,097.00 95.44

Humboldt County Iowa farmland sold at an average of $12,650 per acre or $156.75 per CSR2 point.  The county CSR2 average is 84.1 in Humboldt County which is one of the smallest counties in Iowa due to the fact four townships were given to Webster County in the mid 1800’s as Iowa was being settled.  The highest and best sale of farmland real estate in Humbolt County occurred on November 15th with a land sale at $16,750 per acre or $194.77 per CSR2 point.  There were no sales in the county that broke $200 per CSR2 point in 2022.  The lowest sale in the county occurred only three days later on November 18th at $7,900 per acre and $133 per CSR2 point.

Wright County, Iowa Farmland Prices and Auction Results

Wright County Iowa Agriculture profile
Date County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
8/5/22 Wright 37.36 32.79 $10,500.00 79.2 $132.58 $392,280.00 87.77
11/15/22 Wright 156.63 145.68 $9,500.00 79.9 $118.90 $1,487,985.00 93.01
11/4/22 Wright 160 149.42 $11,500.00 79.5 $144.65 $1,840,000.00 93.39
11/9/22 Wright 80 75 $11,600.00 79.2 $146.46 $928,000.00 93.75
12/1/22 Wright 160 150.96 $14,250.00 82.4 $172.94 $2,280,000.00 94.35
11/15/22 Wright 80 75.60 $10,750.00 86.6 $124.13 $860,000.00 94.50
10/7/22 Wright 210 201.3 $6,200.00 53.9 $115.03 $1,302,000.00 95.86
7/15/22 Wright 143 137.62 $15,100.00 79.2 $190.66 $2,159,300.00 96.24
9/10/22 Wright 128.45 123.89 $13,500.00 79 $170.89 $1,734,075.00 96.45
8/5/22 Wright 59.73 57.63 $15,400.00 67.6 $227.81 $919,842.00 96.48
6/28/22 Wright 80 77.49 $13,850.00 82 $168.90 $1,108,000.00 96.86
3/26/22 Wright 119.41 115.82 $10,900.00 80.4 $135.57 $1,262,438.00 96.99
9/29/22 Wright 160 156.33 $16,000.00 84.6 $189.13 $2,560,000.00 97.71
8/5/22 Wright 73.15 71.50 $16,000.00 81.6 $196.08 $1,170,400.00 97.74
8/5/22 Wright 56.42 55.23 $9,200.00 77.3 $119.02 $519,064.00 97.89
11/4/22 Wright 131 128.60 $13,000.00 84.8 $153.30 $1,703,000.00 98.17
7/19/22 Wright 80 79 $13,200.00 73.1 $180.57 $1,056,000.00 98.75
8/5/22 Wright 80 79 $16,200.00 77.1 $210.12 $1,296,000.00 98.75
11/4/22 Wright 76 75.97 $11,100.00 75.5 $147.02 $843,600.00 99.96
Average/Total 1637.16 1585.94 $12,976.67 77.67 $166.74 $20,773,719.00 97.11

Farmland in Wright County Iowa sold for an average has an average CSR2 of 82.2 county wide.  The average sale of 80% tillable farmland in Wright County was $12,975 per acre or $166.74 per CSR2 point.  The highest sale of farmland was $16,200 per acre on August 5th with a per CSR2 point value of $210.12.  Two other sales occurred at $16,000 each on August 5th and September 29.  Those farmland sales calculated out at $189.13 and $196.08 per CSR2 point.  The highest per CSR2 point sale in Wright County was on August 5th at $227.81 per acre.  The lowest sale in this county was $6,200 per acre with $115.03 per point in October.  This farm has a CSR2 of 53.9 overall and was 95% tillable.

Franklin County, Iowa Farmland Prices and Auction Results

Franklin County Iowa Agriculture profile
Date County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
11/30/22 Franklin 76.4 71.7 $7,600.00 62.5 $121.60 $580,640.00 93.85
11/11/22 Franklin 158.24 152 $18,500.00 93 $198.92 $2,927,440.00 96.06
4/8/22 Franklin 80 77.18 $11,800.00 81.4 $144.96 $910,724.00 96.48
11/11/22 Franklin 99.34 95.96 $19,100.00 93.2 $204.94 $1,897,394.00 96.60
4/8/22 Franklin 72 70.56 $13,600.00 83.9 $162.10 $959,616.00 98.00
11/18/22 Franklin 37 36.29 $14,300.00 85.2 $167.84 $529,100.00 98.08
8/9/22 Franklin 132.7 130.33 $17,000.00 90.8 $187.22 $2,255,900.00 98.21
6/15/22 Franklin 160 157.3 $13,900.00 79.8 $174.19 $2,224,000.00 98.31
12/9/22 Franklin 80 78.92 $15,300.00 87.2 $175.46 $1,224,000.00 98.65
11/11/22 Franklin 73 72.07 $14,200.00 91.1 $155.87 $1,036,600.00 98.73
9/8/22 Franklin 80 79 $17,300.00 83.8 $206.44 $1,384,000.00 98.75
6/3/22 Franklin 74 73.17 $17,300.00 92.9 $186.22 $1,280,200.00 98.88
12/9/22 Franklin 32 31.70 $14,600.00 89.6 $162.95 $467,200.00 99.06
11/11/22 Franklin 37 36.70 $15,000.00 88.1 $170.26 $555,000.00 99.19
7/13/22 Franklin 70.37 70.37 $12,500.00 87.7 $142.53 $879,625.00 100.00
9/22/22 Franklin 69.88 69.88 $14,400.00 87.1 $165.33 $1,006,272.00 100.00
9/22/22 Franklin 79.44 79.44 $14,650.00 88.2 $166.10 $1,163,796.00 100.00
6/20/22 Franklin 232.33 335.85 $19,200.00 87.8 $218.68 $4,460,736.00 144.56
Average/Total 1229.72 1321.58 $15,232.14 87.37 $174.37 $19,426,045.00 102.17

Franklin County Iowa land sales were some of the strongest in the region. The county has an average CSR2 of 82.7, the highest of all that it neighbors.  The average farmland sale sold for $15,232 per acre and $174.37 per CSR2 point.  The county had three farms that sold for over the $200 per CSR2 point threshold.  The highest selling farmland was valued at $19,200 by auction bidders on June 20th. The per CSR2 point value on that sale was $218.68.  It was the highest sale per acre and per CSR2 point.  The other two sales over $200 per point were at $206.44 and $204.94.  The lowest sale in the county was $7,600 per acre and $121.60 per point on November 30th.  It was also the lowest sale in both per acre and per point.

Butler County, Iowa Farmland Prices and Auction Results

Butler County Iowa Agriculture profile
Date County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
8/4/22 Butler 154.52 143.32 $12,600.00 89.9 $140.16 $1,946,952.00 92.75
5/11/22 Butler 37.31 35.19 $15,200.00 87.6 $173.52 $567,112.00 94.32
2/26/22 Butler 78.65 75.35 $11,220.00 80.2 $139.90 $845,427.00 95.80
8/8/22 Butler 260 249.84 $10,800.00 71.2 $151.69 $2,808,000.00 96.09
11/9/22 Butler 36.24 34.87 $9,000.00 74.1 $121.46 $326,160.00 96.22
8/4/22 Butler 80 78 $9,000.00 72.2 $124.65 $720,000.00 97.50
8/24/22 Butler 35.86 35 $12,200.00 75.8 $160.95 $437,492.00 97.60
8/11/22 Butler 80 79 $15,200.00 86.9 $174.91 $1,216,000.00 98.75
3/1/22 Butler 95.27 94.75 $9,800.00 64.6 $151.70 $928,550.00 99.45
8/11/22 Butler 76.94 76.94 $13,400.00 84.9 $157.83 $1,030,996.00 100.00
Average/Total 404.31 398.56 $11,433.33 76.41 $148.59 $4,659,198.00 98.25

Butler County Iowa farmland auctions sold for an average of $11,433 per acre or $148.59 per CSR2 point.  There were no farmland auctions that achieved a price above the $200 per point range.  The highest was $173.52 per point.  The lowest farmland sale was a tie of two sales that occurred on Nov 9th and August 4th. Both farms sold for $9,000 per acre.  They were $121.46 and $124.65 per CSR2 point respectively and were very similar farms at 71.2 and 74.1 CSR2 ratings.  There is significant demand for farmland availability in Butler County and auctions have been a strong tool for achieving the maximum value in Butler County.  .

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