Week 21 Iowa Farmland Auction Results

May 31, 2018 | Farmland Prices, Land Auctions

Jason Smith

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 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.

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