Week 13, 2018 Iowa Farmland Auction Results

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