Recent Iowa Farmland Auction Results

Sep 4, 2019 | Farmland Prices, Land Auctions

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

196+/- Acres In Sac & Crawford County, IA Brings Excellent Price

On August 29, 2019 our team traveled to Wall Lake, IA for the Margaret A Boes Living Revocable Trust Auction. We were extremely fortunate the Boes Family trusted us to represent them in the auction of the Boes Family Farm.

 

Mary Boes, the executor for the Margaret A Boes Living Revocable Trust, began researching her options back in January 2019 upon her mother’s passing.

 

“Out of many, many different auction companies, I felt that DreamDirt was the most professional. And in my interaction from January to now [August], I cannot say enough good things about the company. The responses were immediate. If I called the Communications Manager, Kristen Lowe, or Jason Smith, the Auctioneer, things were thoroughly explained to me. Terminology that I was unfamiliar with was explained, and it was really, really helpful to me in understanding the process.” – Mary Boes

The Land For Sale

This auction was conducted as a live auction with online bidding. The farm included 196 acres which was sold in two tracts: 120 acres in Crawford County, Iowa and 78 acres in Sac County, Iowa. This farm was leased for 2019 and sold with a tenant of 25 years in place. Prior to the auction, Jason worked with Mary, and her attorney, to terminate the lease; however, everyone involved was in complete agreement and cooperated in a wonderful fashion. To learn more about farmland tenancy and how it can effect your sale, click here!

TRACT 1: 78 ACRES IN SAC COUNTY, IOWA

This high-quality tract of farmland located in southern Sac County is located just south of Wall Lake, Iowa. This gentling rolling farm has a tremendous CSR2 rating of 89.2, a very high quality farm.

TRACT 2: 120 ACRES IN CRAWFORD COUNTY, IOWA

This high-quality tract of farmland located in northern Crawford County is located just south of Wall Lake, Iowa. This 120 acre, high quality farm has a great CSR2 rating of 78.6, 9 acres of CRP land, and 98 acres of cropland.

Auction Day In Wall Lake, Iowa

We saw a huge turnout for auction day- From the tenant, neighbors, older folks and younger folks, to farmers!

“I just felt like everybody was very respectful and honored the process,” Mary Boes stated.

We sold both tracts of land. The first tract was 78 acres in Sac County, Iowa. This sold for $9,792 an acre or $763,776. This tract had an impressive 89.2 CSR2 rating which results in $109.77/CSR2 point value. The second tract, 120 acres located in Crawford County, Iowa sold for $6,732 an acre or $807,840. With a CSR2 rating of 78.6, this tract had an $85.64/CSR2 point value.

“I’ve never sold anything! I mean lemonade, newspapers, nothing! So this was just all brand new to me – the terminology, the process, each detail, the paperwork, etc. I felt Jason and Stephanie and the Communications Team were all just so helpful. No pressure. I felt it really eased the stress of selling a huge farm like this! I’d certainly recommend you to whoever!” -Mary Boes

 

To hear more of Mary Boes’s testimony on working with DreamDirt, watch the video below!

Selling Farmland? Let Us Get You Across The Finish Line Safely

You are one step away from making a very important decision. We offer more advertising, less stress, and great results. There are lots of ways to get started. The easiest is to give us a call and visit about your options. The process will look like the following, from beginning to end:

 

Typical Land Auction Steps
  • Step 1 Consultation. Call us at (641) 423-6400 or me (515) 537-6633
  • Step 2 Valuation
  • Step 3 Marketing Proposal
  • Step 4 Listing Agreement
  • Step 5 Advertising
  • Step 6 Auction Day
  • Step 7 Closing and Settlement

JASON SMITH, CAI AUCTIONEER | LAND BROKER

Phone: 515-537-6633
Email: Jason@dreamdirt.com

Jason Smith is the founder of DreamDirt. Jason is one of less than 900 CAI designated auctioneers in the United States, as well as a licensed real estate broker and appraiser, with a focus on selling farms and land in the Midwest. Jason works closely with family farms and their heirs to help maximize the value of the farm and guide them through the selling process. Jason has sold well over 500 tracts of land in his career and is a top producing Auctioneer and Broker.

TOM BRADLEY, CAI AUCTIONEER | LAND BROKER

Phone: 515-202-7687
Email: Tom@dreamdirt.com

Tom Bradley is a partner at DreamDirt. He is also a CAI designated auctioneer and licensed real estate broker. Tom is the lead auctioneer at DreamDirt, responsible for auction operations and ensuring our live and online auction teams are performing at their best for each client. Tom has conducted over 1,500 auctions in his career.

If you want to learn more about selling farmland by listing or auction, contact either Jason or Tom to see how you can enjoy the easiest and most productive farmland sale possible!

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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