Week 12, 2018 Iowa Farmland Auction Results

Mar 26, 2018 | Farmland Prices

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

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

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.

Farmland and Acreage Auction in Ida County, Iowa

Farmland and Acreage Auction in Ida County, Iowa

Land For Sale in Ida County, Iowa Sellers: Wilma Hammer Estate   Auctioneers: Jason Smith | (515) 537-6633   Location: Silver Creek Township, Iowa Land Auction Details in Ida County, IowaThis farm in Ida County is near the Sac and Buena Vista county lines. It is...

read more
307 Acre Farmland Auction in Harrison County, Iowa

307 Acre Farmland Auction in Harrison County, Iowa

Land For Sale in Harrison County, Iowa Sellers: JRC Anderson Farm LLC   Auctioneers: Jason Smith | (515) 537-6633   Location: Little Sioux Township, Iowa Land Auction Details in Shelby County, IowaThis farm is located in northern Harrison County, on the Monona County...

read more