Week 13, 2018 Iowa Farmland Auction Results
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
Iowa Farmland Auction Results
Welcome back to our week 12 report on Iowa farmland prices for farms sold at auction. Each week we report the results of farmland prices from farms sold at auction that were at least 80% tillable. While we keep data on all types of farms the purpose of this report is to help buyers and sellers understand the current trends in farmland prices. The report shows the actual results of farmland auctions in Iowa along with the averages and trends. Each situation is different, each farm is different but you can use our information to help you get an idea of the expected market value of a farm.
Iowa Farmland Sales Summary
At least by current standards, we saw a little more volume in farmland sales than the current average. There were 14 auctions of 80% + tillable farms. The story remains low volume, high demand and there isn’t much more that can be said about the market today. There is still a fair number of leasebacks as private sales available throughout the region and despite the demand for farmland, the leasebacks have been difficult to put deals together this year. The additional restrictions on those purchases can repel investors in some cases and as you try to sell a leaseback you cut out nearly 80% of the buyers who are farmers and would only purchase to farm, they are not interested in being a landlord in most cases.
Average Price Of Farmland In Iowa
The average price of farmland this week was $7821 per acre with an average of $105.54 per CSR2 point on tillable farms with 80% tillable acres. This falls about right on the trendline but 13 weeks into 2018 we still show an increasing trendline for both dollars per CSR2 point and per acre price for farmland auction sales in Iowa.
Farmland Sales Volume In Iowa
Farmland sales this week were the 2nd highest of 2018 nearly topping the previous $16,997,087 sold in week 8 of 2018, however, this weeks volume of acres did top the chart for the number of acres sold in a week at 2316.92
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 25-31, 2018
| County | Total Acres | Tillable Acres | Price Per Tillable Acre | CSR2 | $ per Tillable CSR2 | Price | % Tillable |
| Plymouth County |
40 |
39 |
$10,000.00 |
66.3 |
$150.83 |
$390,000.00 |
97.50 |
| Plymouth County |
17.03 |
17 |
$4,000.00 |
81 |
$49.38 |
$68,000.00 |
99.82 |
| Crawford County |
150.75 |
150.56 |
$8,600.00 |
69.7 |
$123.39 |
$1,294,816.00 |
99.87 |
| Mitchell County |
80 |
78 |
$7,425.00 |
78.6 |
$94.47 |
$579,150.00 |
97.50 |
| Mitchell County |
106 |
101.1 |
$5,600.00 |
64.1 |
$87.36 |
$566,160.00 |
95.38 |
| Greene County |
148.78 |
144.78 |
$10,000.00 |
81.7 |
$122.40 |
$1,447,800.00 |
97.31 |
| Monona County |
157.82 |
36.19 |
$2,900.00 |
53.2 |
$54.51 |
$104,951.00 |
22.93 |
| Adair County |
192.55 |
175.1 |
$4,900.00 |
61.7 |
$79.42 |
$857,990.00 |
90.94 |
| Warren County |
70 |
69 |
$9,050.00 |
69.6 |
$130.03 |
$624,450.00 |
98.57 |
| Warren County |
40.5 |
32 |
$7,500.00 |
71.6 |
$104.75 |
$240,000.00 |
79.01 |
| Page County |
77 |
74.41 |
$8,400.00 |
79.5 |
$105.66 |
$625,044.00 |
96.64 |
| Page County |
136 |
133.7 |
$7,500.00 |
74.2 |
$101.08 |
$1,002,750.00 |
98.31 |
| Page County |
285 |
257.89 |
$8,000.00 |
75.8 |
$105.54 |
$2,063,120.00 |
90.49 |
| Page County |
99.5 |
95.6 |
$8,500.00 |
62 |
$137.10 |
$812,600.00 |
96.08 |
| Humboldt County |
70 |
69 |
$9,300.00 |
89 |
$104.49 |
$641,700.00 |
98.57 |
| Des Moines County |
50.9 |
45.9 |
$9,400.00 |
86.8 |
$108.29 |
$431,460.00 |
90.18 |
| Des Moines County |
21.42 |
20.9 |
$6,000.00 |
68.2 |
$87.98 |
$125,400.00 |
97.57 |
| Lyon County |
182.87 |
174.31 |
$13,100.00 |
68 |
$192.65 |
$2,283,461.00 |
95.32 |
| Guthrie County |
118 |
97.61 |
$3,600.00 |
56.8 |
$63.38 |
$351,396.00 |
82.72 |
| Des Moines County |
82.1 |
78.8 |
$10,400.00 |
88.4 |
$117.65 |
$819,520.00 |
95.98 |
| Mitchell County |
100.7 |
98.9 |
$8,400.00 |
90.2 |
$93.13 |
$830,760.00 |
98.21 |
| Mitchell County |
90 |
78.7 |
$9,500.00 |
87.6 |
$108.45 |
$747,650.00 |
87.44 |
| STATEWIDE TOTALS |
2316.92 |
2068.45 |
$7,821.59 |
73.82 |
$105.54 |
$16,908,178.00 |
89.28 |
Featured Iowa Farmland Auction
Here is an opportunity to buy a tract of farmland in Clarke County Iowa that offers something other farmland purchases typically do not and that is the probability of future development. We are selling this farm via ONLINE ONLY AUCTION so all bidding will happen on the Internet. 47.66 acres of farmland next to a new housing development, industry, and the Lakeside Casino. If you are interested in learning more watch the video, you can find the auction on DreamDirt’s bidding platform at 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.
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