What is Farmland Selling For Per Acre In Iowa?

Jun 22, 2022 | Farm Real Estate Company, Farmland Prices, Iowa Farm Real Estate, Iowa Farmland For Sale, Iowa Farmland Report

Iowa Farmland Prices June 11th – 17th 2022

5,368.45 acres of farmland in Iowa sold during the week of June 11th-17th. The average per-acre price is currently $14,373.80. 45 auctions happened last week which is more than usual for this time of year. The highest selling farm this past week was 232 acres in Clay County which sold for $20,100/acre. Coming up close second was 90.5 acres in Sac County that sold for $19,250/acre. Farmland owners are capitalizing on the high farmland prices right now and not waiting till after harvest to sell. We know where farmland prices are at right now and there is still strong demand from both investors and local farmers. If you’re thinking about selling farmland in Iowa reach out to us today to get started on a free farmland market analysis of your farm by filling out this short questionnaire. Check out the results of each auction in the table below.

 

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 the current land market in Iowa for land being sold at auctions.

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

How is Farmland Sold?

The past week since I last wrote here has been busy.  We are getting lots of new inquiries about selling land and have started more new clients and consultations than any previous week this year.  We sell farmland using more than just auctions.  While we believe auctions are the best way to maximize your outcome, some clients prefer other avenues of selling and we are able to accomodate that.  We have been fortunate to work closely with different land investors that are willing to make private offers on farms and can often close quickly.  For some clients this cuts the sales time in half.

The demand for farmland has remained at what is probably its sustained peak.  It hasn’t changed much.  Day after day we see the same aggressive buying signals from the market.  The level of inquiry remains high.  Auction attendance and participation remains high.  Farmland prices have remained high.

Highest Selling Farm in Hancock County, IA 

Our team conducted a live in person and online farmland auction in Hancock County, Iowa this week for Mark and Deb Nelson.  We held the auction at the Country Club at Britt, Iowa and had around 25 people in attendance for a 78 acre farm.  We also had bidders that attended by the internet.  The eventual winning high bidder was an online bidder, who was not in attendance at the live auction.   The farm sold for $17,700 final bid which was $18,130 per tillable acre.  As far as we are aware this is the highest sale of farmland ever in Hancock County.  It made our day to see the joy of our clients who were extremely happy with the outcome of their farmland sale.

As we approach July 1st we are mid year.  If you are selling farmland in the next season its definitely not to early to contact us about a sale.  We always love the option to get in crop season imagery for advertising.  Calling early this year might help time your sale best against a large volume of farms that are likely to hit the market this year.

 

Auctioneer in Iowa Jason Smith
people listening to auctioneer

Iowa Farmland Market Report

Date County Total Acres Price Per Acre CSR2 $ per CSR2 % Tillable
6/14/22 Dubuque 38.11 $18,700.00 69.8 $267.91 100.18
6/14/22 Dubuque 152.72 $16,300.00 76.5 $213.07 99.72
6/14/22 Clinton 79.2 $14,100.00 64.9 $217.26 97.85
6/14/22 Clinton 85.31 $16,700.00 79.1 $211.13 99.99
6/14/22 Calhoun 308 $17,000.00 85 $200.00 95.86
6/14/22 Calhoun 148 $15,750.00 73.9 $213.13 100.00
6/14/22 Cherokee 81.03 $15,300.00 89.6 $170.76 93.42
6/14/22 Decatur 80.91 $4,646.00 30.8 $150.84 81.57
6/14/22 Davis 197.73 $6,400.00 62.5 $102.40 84.70
6/14/22 Carroll 55 $17,100.00 71.3 $239.83 97.93
6/14/22 Monona 126 $16,600.00 86.7 $191.46 86.93
6/14/22 Monona 134 $14,700.00 86.1 $170.73 92.86
6/15/22 Clay 232 $20,100.00 95.3 $210.91 98.60
6/15/22 Clay 82.78 $19,200.00 91.7 $209.38 94.90
6/15/22 Clay 158.03 $15,000.00 94 $159.57 81.69
6/15/22 Woodbury 120 $12,250.00 73.9 $165.76 95.92
6/15/22 Woodbury 160 $10,600.00 61.8 $171.52 97.95
6/15/22 Floyd 74 $6,275.00 56.5 $111.06 97.70
6/15/22 Franklin 160 $13,900.00 79.8 $174.19 98.31
6/15/22 Poweshiek 80 $9,800.00 69.2 $141.62 87.50
6/15/22 Poweshiek 71.28 $8,700.00 66.1 $131.62 91.19
6/15/22 Hamilton 79.5 $11,800.00 79.3 $148.80 97.75
6/15/22 Linn 148 $17,500.00 85.6 $204.44 87.61
6/15/22 Clinton 118.75 $16,800.00 79.9 $210.26 96.85
6/15/22 Clinton 153.60 $14,500.00 82.8 $175.12 95.12
6/15/22 Clinton 73.80 $16,800.00 84.9 $197.88 98.64
6/15/22 Clinton 151.90 $15,100.00 84.8 $178.07 95.17
6/16/22 Buchanan 77.75 $12,000.00 74 $162.16 95.33
6/16/22 Hancock 275 $11,100.00 75 $148.00 96.36
6/16/22 Tama 78.62 $12,700.00 80 $158.75 90.68
6/16/22 Worth 80.59 $16,400.00 88.1 $186.15 97.67
6/16/22 Mahaska 113.32 $15,500.00 81.6 $189.95 95.81
6/16/22 Clay 79.86 $14,500.00 86.7 $167.24 96.54
6/16/22 Clay 80.79 $16,000.00 87.6 $182.65 99.02
6/17/22 Delaware 155.87 $15,100.00 87.8 $171.98 92.19
6/17/22 Delaware 155.54 $18,800.00 88.2 $213.15 96.11
6/17/22 Davis 151.73 $7,000.00 85.5 $81.87 84.99
6/17/22 Sac 71.73 $17,500.00 86.8 $201.61 98.87
6/17/22 Sac 90.50 $19,250.00 85.8 $224.36 100.00
6/17/22 Sac 101.50 $17,900.00 84.7 $211.33 100.01
6/17/22 Sac 140 $17,500.00 86.1 $203.25 100.00
6/17/22 Sac 67 $17,300.00 86 $201.16 100.00
6/17/22 Sac 77 $15,700.00 84 $186.90 100.00
6/17/22 Sac 79 $14,300.00 79 $181.01 100.00
6/17/22 Clarke 143 $6,650.00 55.9 $118.96 85.60
STATEWIDE TOTALS 5368.45 $14,373.80 78.77 $180.65 94.58
Rachel Tiffany

Rachel Tiffany

Farmland Auctioneer and Agent

Rachel is a licensed real estate salesperson specializing in the sale of farm, land, and rural residential real estate. She is a graduate of Iowa State University with a major in Animal Science and a minor in Agricultural Business. Rachel has a strong interest in valuations and appraisal of rural properties and studied Rural Property Appraisal at Iowa State. She also works for DreamDirt as the Online Auction Coordinator building and facilitating their online land and equipment auctions.

Email: rachel@dreamdirt.comPhone: (515) 954-8063

Midwest Farmland Prices June 11th – 17th

We were able to find a few auction results for South Dakota and Missouri last week. Data for farmland prices in these states are harder to find than Iowa farmland prices. If you are wanting to know what your farm is worth contact us today for an appraisal.

South Dakota Farmland Prices

The highest selling farm I found in South Dakota last week was 104.60 acres in Brookings County, South Dakota which sold for $14,000/acre which is pictured below. Had an 82.2 soil rating which totals to be $170.32/Soil Productivity similar to what we are seeing in Iowa. Another 160 acres in Brookings County, South Dakota sold for $5,000/acre. In Minnehaha County, South Dakota we saw 73 acres of farmland sell for $12,200/acre.

mailbox and rain gauge in iowa farm field
farm real estate mortgage rates

Missouri Farmland Prices

Pictured above is a 23.9-acre farm in Shelby County, MO that sold for $10,400/acre on June 21st.  

Iowa Land Prices at A Glance

Our Iowa Farmland Price Heat Maps have been a huge help for people that want to visualize and research farmland prices in Iowa.  Here you can research your farm’s proximity or the statewide market and see individual sale results, average prices per acre, the average price per CSR2 point as well as volumes of sales, and the number of acres sold.  Use this market price research tool right here at DreamDirt.  Click the Iowa map to get started.

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.

Farmland For Sale Hancock County, Iowa | 78.76 Acres | June 21, 2022

Farmland For Sale Hancock County, Iowa | 78.76 Acres | June 21, 2022

Farmland For Sale Hancock County, IowaSellers: Mark and Deb Nelson • Auctioneers: Jason Smith 515-537-6633 and Rachel Tiffany: 515-954-8063 • Location: Britt, IowaLand Auction Details in Hancock CountyDreamDirt is pleased to offer this high-quality farmland for sale...

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