Week 12, 2018 Iowa Farmland Auction Results
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.
Phone: 515-537-6633 Email: [email protected]
Iowa Farmland Auction Results
We are reporting for week 12 of Iowa farmland auctions and this week and it was a bigger week this week with volume up from the past couple of weeks. Demand for farmland continues to be strong. Our price per acre this week shows a still increasing trendline from January 1, 2018 to now. This trend is expected to continue as we see low volume statewide.
Farmland Sales Summary
There is no new news this week in Iowa farmland sales, all things remain the same that we’ve said this year, sales volume is very low and tillable farms have tremendous demand right now. Its hard to overstate just how strong demand is at this point for tillable farmland. 18 parcels sold this week on 9 auctions and averaged over $8400 per acre with the highest sale being $12,800 per acre and the lowest $5600 in Washington County, Iowa. Across all parcels, we saw an average of $109.42 per CSR2 point which we see also on an increasing trendline. Our highest week this year was $114.40 per point, this week was the 3rd highest of the year.
Average Price Of Farmland In Iowa
The average price of an acre of farmland this week was $8,426.32 down slightly to last weeks average of $8697.71 but still showing an increasing trendline for the 2018 year. The average CSR2 of farms sold this week was 76.23.
Farm Sales Volume In Iowa
This week 1718.4 acres of farmland that was 80% tillable or more was sold at auction. 1606.11 of those acres were tillable farmland. This amounted to $14,047,476 in farmland transactions statewide.
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 farmland Auctioneers Jason Smith, CAI 515-537-6633 and Tom Bradley 515-202-7687 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
Iowa Farmland Auctions Report For March 18-24, 2018
| County | Total Acres | Tillable Acres | Price Per Tillable Acre | CSR2 | $ per Tillable CSR2 | Price | % Tillable |
| Fayette County |
39 |
37.87 |
$7,650.00 |
71.7 |
$106.69 |
$289,705.50 |
97.10 |
| Jefferson County |
80.97 |
77.93 |
$8,700.00 |
73.9 |
$117.73 |
$677,991.00 |
96.25 |
| Jefferson County |
68.06 |
57 |
$9,425.00 |
84.8 |
$111.14 |
$537,225.00 |
83.75 |
| Jefferson County |
105.6 |
92 |
$5,875.00 |
66.9 |
$87.82 |
$540,500.00 |
87.12 |
| Jefferson County |
99.79 |
86.78 |
$7,175.00 |
68 |
$105.51 |
$622,646.50 |
86.96 |
| Jefferson County |
64.93 |
65.04 |
$7,275.00 |
62.6 |
$116.21 |
$473,166.00 |
100.17 |
| Jefferson County |
121.47 |
107.9 |
$7,500.00 |
66.8 |
$112.28 |
$809,250.00 |
88.83 |
| Jefferson County |
47.92 |
46.51 |
$7,200.00 |
66.7 |
$107.95 |
$334,872.00 |
97.06 |
| Washington County |
71.32 |
66.5 |
$5,600.00 |
55.8 |
$100.36 |
$372,400.00 |
93.24 |
| Page County |
69 |
65.26 |
$8,100.00 |
76 |
$106.58 |
$528,606.00 |
94.58 |
| Worth County |
80 |
79 |
$9,450.00 |
90.6 |
$104.30 |
$746,550.00 |
98.75 |
| Worth County |
80 |
77.4 |
$10,400.00 |
93.2 |
$111.59 |
$804,960.00 |
96.75 |
| Mahaska County |
155 |
140.86 |
$6,900.00 |
71 |
$97.18 |
$971,934.00 |
90.88 |
| Mahaska County |
141 |
127.14 |
$7,250.00 |
72.4 |
$100.14 |
$921,765.00 |
90.17 |
| Clay County |
158.8 |
154.9 |
$12,800.00 |
96.6 |
$132.51 |
$1,982,720.00 |
97.54 |
| Clay County |
79.9 |
76.97 |
$12,600.00 |
96.7 |
$130.30 |
$969,822.00 |
96.33 |
| Buchanan County |
155.64 |
150.03 |
$10,300.00 |
86.9 |
$118.53 |
$1,545,309.00 |
96.40 |
| Buchanan County |
80 |
81.12 |
$10,200.00 |
78.5 |
$129.94 |
$827,424.00 |
101.40 |
| Keokuk County |
20 |
15.9 |
$5,700.00 |
69.3 |
$82.25 |
$90,630.00 |
79.50 |
| STATEWIDE TOTALS |
1718.4 |
1606.11 |
$8,426.32 |
76.23 |
$109.42 |
$14,047,476.00 |
93.47 |
Featured Iowa Farmland Auction
A super opportunity to buy a farm in an area likely to be developed along I-35 at Osceola, Iowa. This farmland auction will be an ONLINE ONLY auction. This type of auction gathers all bidders on our bidding platform and there is no in-person live event. 47.66 acres total with brand new housing developments across the road to the south and Lakeside Casino immediately across I35 to the west. This farm could represent an investment that is not typical of other farmland purchases. To bid on this auction download the DreamDirt Auction App or go to http://bid.dreamdirt.com
Request a Free Valuation for Your Farm or Land Property
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