Week 21 Iowa Farmland Auction Results

May 31, 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 Report

Well, whats happening with farmland sales in Iowa this week?  Things are not any different than last weeks report, investors are still looking for places to park some 1031 funds coming from metro developments, farms are still looking for more dirt and especially those 80-acre tracts close to home.  The volume of farmland sales has dropped off dramatically as we hit planting season and going into Summer.

Iowa Drought In 2018?

Concerns of drought spreading north into Iowa is a concern especially for those directly north of the currently affected southern 2 tiers of counties in Iowa.  Rains over the previous week did push back the northern edge a bit lowering affected acres by around 7% in this week Drought Monitor Report but we are what should be a fair wet part of the year with somewhat frequent rains.  My thought is as we move farther into Summer we are not likely to see the precipitation increase but decrease instead.  Northern Iowa has been plagued with wet planting conditions and persistent rain so they fall on the exact opposite end of the spectrum with too much rain over large areas.  How will this affect farmland prices?  In a much different commodity environment, we tested this in 2012 and saw farmland prices remain strong through the drought so I would not expect it to have an effect on high-quality tillable farmland.

 

Farmland Auction Report For May 19-25, 2018

STATEWIDE TOTALS

118

107.66

$6,350.00

54.55

$114.83

$816,500.00

91.24

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

38

37.5

$4,750.00

44.8

$106.03

$180,500.00

98.68

Guthrie

80

70.16

$7,950.00

64.3

$123.64

$636,000.00

87.70

Featured Iowa Land Auction

Learn more about this unique farmland auction in Dickinson County Iowa.  We will be selling 120 acres for the Foss Brothers and you’ll like this farm as additional acres for your farm or an investment where your money can grow.

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