Week 10, 2018 Iowa Farm Real Estate Report
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
Iowa Farm Real Estate Report
Week 10 Iowa Farmland Auction Results: 80% Tillable Farms
Farmland Sales Summary
Every week in Iowa farmland auctions looks different and its easy to see this week was different from the last two weeks when quite a few high-quality tillable farms were offered for sale at auction. This week the average CSR2 of the tracts offered was 71.70, drastically different than the previous two weeks that averaged 83.29 and 84.37 and most comparable to week 5 when we saw an average of 71.40.
Average Farmland Prices In Iowa
The average price of farmland in Iowa was $7,444.30 this week while our running averages for 2018 is currently $7709.97 per acre. This weeks average on a per CSR2 point was $103.53 which is slightly ahead of the running average for 2018 of $99.91 per CSR2 point.
Farmland Sales Volume In Iowa
Sales volume was as low as we’ve seen in 2018 with 1025.15 total acres offered for sale with only 960.45 acres tillable. Our report is measuring 80% tillable farms only, other farms with less tillable farmland. So far this year 14,097 .64 acres have been offered at auction with 12,533.85 of them being tillable acres. This weeks sales volume accounts for 7.27% of the total farmland offered this year so far. This week a total of $7,625,052.50 was rounded up by Iowa auctioneers selling farmland.
Auction Price Results For Farmland By Iowa County
| County | Total Acres | Tillable Acres | Price Per Tillable | CSR2 | $ per Tillable CSR2 | Total Price | % Tillable |
|---|---|---|---|---|---|---|---|
| Jefferson | 80 | 79 | $9,250 | 77.4 | $119.51 | $730,750.00 | 98.75 |
| Adams | 35 | 31.74 | $4,100.00 | 66.7 | $61.47 | $130,134.00 | 90.69 |
| Winneshiek | 115.75 | 108 | $7,343.00 | 79.5 | $92.36 | $793,044.00 | 93.30 |
| Clinton | 65 | 60.1 | $7,950.00 | 59.9 | $132.72 | $477,795.00 | 92.46 |
| Monona | 37.4 | 35.8 | $6,000.00 | 66 | $90.91 | $214,800.00 | 95.72 |
| Ida | 150 | 143.73 | $10,250.00 | 87.8 | $116.74 | $1,473,232.50 | 95.82 |
| Ida | 160 | 148.98 | $9,900.00 | 86.1 | $114.98 | $1,474,902.00 | 93.11 |
| Ringgold | 160 | 140 | $5,600.00 | 73.7 | $75.98 | $784,000.00 | 87.50 |
| Union | 102 | 95.7 | $4,750.00 | 43.9 | $108.20 | $454,575.00 | 93.82 |
| Pottawattamie | 120 | 117.4 | $9,300.00 | 76 | $122.37 | $1,091,820.00 | 97.83 |
| STATEWIDE AVERAGE | $7,444.30 | 71.70 | $103.53 | 93.69 | |||
| TOTALS | 1025.15 | 960.45 | $7,625,052.50 | ||||
Ensuring good results for your good quality Iowa farm real estate today really means that your exposure needs to be very thorough and across all channels of communication to ensure as much competition as possible for the farm. If you are thinking of selling a farm DreamDirt can help you find the top of the market on your farm. There are many considerations before selling a farm and we can help guide you through the process. You’ll find that our system is very simple for you and capable of reaching the right people very fast. We know you’ll have many questions but let us help you put your mind at ease. You can contact me directly Iowa Auctioneer Jason Smith, CAI 712-592-8965 or send me a request to help you value your farm and learn more about selling Iowa farm real estate. Get a Free Farmland Market Analysis
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