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Week 21 Iowa Farmland Auction Results

By Jason Smith, CAI Auctioneer | Land Broker | Published May 31, 2018

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?

is iowa in a drought in 2018Concerns 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.

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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.

Selling Land in Iowa is easy with DreamDirt!

Farmland appraisers in Iowa

Ensuring good results for your good quality Iowa farm real estate today really means that your exposure needs to be very thorough and across all channels of communication to ensure as much competition as possible for the farm.  If you are thinking of selling a farm DreamDirt can help you find the top of the market on your farm. There are many considerations before selling a farm and we can help guide you through the process.  You’ll find that our system is very simple for you and capable of reaching the right people very fast.  We know you’ll have many questions but let us help you put your mind at ease. You can contact me directly Iowa farmland Auctioneers Jason Smith, CAI 712-592-8965 and Tom Bradley 515-202-7687 or send me a request to help you value your farm and learn more about selling Iowa farm real estate.  Get a Free Farmland Market Analysis

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