Week 20 Iowa Farmland Auction Results

May 24, 2018 | Farmland Prices, Land Auctions

Jason Smith

Jason Smith

Auctioneer, Land Broker, Founder

Jason is an Auctioneer and Land Broker in Iowa and the surrounding states.  The DreamDirt team of auctioneers, land brokers, and realtors specialize in farmland sales primarily serving the heirs to family farms all across Iowa and some surrounding states.  Today's report details Iowa's current land market for land sold at auctions.

Email: Jason@dreamdirt.com | Phone: (515) 537-6633

Iowa Farmland Sales Summary

Our trendlines have turned down in 2018 as we continue to track farmland price from the auction of 80% tillable farms.  Lower volume and a fair number of lower quality farms recently have affected the averages statewide.  A recent report on Iowa Farmland Rental Rates was recently released showing a gain in farmland rental rates over the past year.  This was the first gain in farmland leases in the past 5 years and it was small but it progressed forward which is good news for everybody and shows the agricultural industry has a little strength.  Combined with very few distressed farms hitting the market on the market despite expectations of them says that many have misjudged the strength in the countryside or some factor is at play that nobody understands yet.

This week we are reporting on just 4 auctions in all 99 Iowa Counties.  Those farms averaged $8270 per tillable acre while the average of the farms (not acres) was 77.05 CSR2.  This put the week at $103.81 average per CSR2 point which was down for our 2018 trend.


Farmland Sales Volume In Iowa

The volume of farmland sales is just about non-existent yet buying power is as strong as it has been in a long time.  The lack of supply is building and 1031 money is very plentiful right now.  With development strong across the state of Iowa and especially in metro areas, there is a lot of money waiting to be parked in farmland.  The value that 1031 flow adds to farms can be significant but is always temporary.  There are at times plentiful investment money from 1031 and at times its very short.  We happen to be in a period where its plentiful but farms available for sale are short.  This supply of money is probably most aimed at the Central to Eastern Iowa areas with a few opportunities west and more so in the Council Bluffs and Sioux City areas.  Because 1031 exchanges are time definite with an expiration date on them it pays to get yourself in the early part of that run up to those dollars versus the tail end.

The following are the farms sold in Iowa this week including farms in Clarke County, Lyon County, Franklin County and Mitchell County.      Prices ranged from $65.59 per CSR2 point to $153.40 and we see the state average right around $107 a point today for 2018.


Iowa Farmland Auctions Report For May 13-18, 2018









County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
































Featured Iowa Land Auction

Learn more about this unique land auction in Monroe County Iowa on DreamDirt.com.  This 142 acres of land for sale in Monroe County, Iowa is the home of the World Record non-typical whitetail and truly the best hunting land available in Iowa today.

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.

Iowa Land Prices September 17th – 23rd, 2022

Iowa Land Prices September 17th – 23rd, 2022

Iowa Farmland Prices September 17th - 23rd, 2022 There was a total of 29 tillable farmland auctions that happened this week in Iowa. A total of 4,135.82 acres were sold. The average price per acre for the 29 auctions is $14,031/acre and $176.64/CSR2 point. Learn more...

read more
Iowa Land Prices Auction Results September 3rd – 9th, 2022

Iowa Land Prices Auction Results September 3rd – 9th, 2022

Iowa Farmland Prices September 3rd - 9th, 2022 There was a total of 18 tillable farmland auctions that happened this week in Iowa. A total of 2,511.96 acres were sold. The average price per acre for the 18 auctions is $11,831/acre and $155.19/CSR2 point. Top Selling...

read more