Week 21 Iowa Farmland Auction Results
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 composed 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 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.
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