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Iowa's August Farmland Sales Summary

By Jason Smith, CAI Auctioneer | Land Broker | Published September 11, 2019

Iowa Farmland Sales Volume for 80% Tillable Farms

Farmland Prices in Iowa For August 2019

Similar to our July report on farmland sales, prices have continued to remain on a steady track. In August, tillable land values were sitting right at, or slightly above, the trend line and continue to look positive in terms of future growth into September.

 

Year-to-date trends and month-long trends can be found in the graphs below.

 

Average Price Per CSR2 Point for Iowa Farmland

The average price per CSR2 point in August 2019 saw an increase from the month of July to $108.08, across all 80% tillable farms sold at auction in Iowa.

The CSR2 point rating is a measure of the soil's productivity out of a scale of 100. It is important to remember that monthly variations depend on the quality of farms sold that month. A longer period of time such as six months to a year is the best representation of the price per CSR2 point.

Screen Shot 2019-09-09 at 2.52.54 PM

 

Average Price Per Acre of Tillable Farmland in Iowa

We saw an average price of $8,211.51 per tillable acre of farmland in August 2019. The monthly average is now on an increase from July prices. Tillable land for the month of September is above the 6-month trend line, which has steadily increased since the beginning of the year.

Screen Shot 2019-09-09 at 2.54.08 PM

 

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August 2019 Average Price Per Acre of Farmland 

 

 Screen Shot 2019-09-09 at 3.41.57 PM

 

Iowa Farmland Prices - 12 Month Rolling Summary

 
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Iowa Farmland Sales Report for August 2019 - 80% Tillable Farms

County

Total Acres

Tillable Acres

Price Per Tillable Acre

CSR2

$ per Tillable CSR2

Price

% Tillable

Story

8.78

7.03

$4,100.00

76.7

$53.46

$35,998.00

80.07

Black Hawk

133.16

130.32

$10,200.00

86.4

$118.06

$1,358,232.00

97.87

Cedar

77

72.33

$8,375.00

83.6

$100.18

$644,875.00

93.94

Cedar

102.1

97.2

$9,800.00

88.7

$110.48

$1,000,580.00

95.20

Cedar

177.7

159.8

$11,500.00

93.1

$123.52

$2,043,550.00

89.93

Cedar

135.8

135.8

$12,300.00

91.4

$134.57

$1,670,340.00

100.00

Davis

147.2

145

$11,100.00

90.4

$122.79

$1,633,920.00

98.51

Davis

68.55

61.16

$6,700.00

62.3

$107.54

$459,285.00

89.22

Davis

37.7

38

$7,000.00

50.3

$139.17

$263,900.00

100.80

Palo Alto

85

84.83

$10,600.00

84.4

$125.59

$901,000.00

99.80

Palo Alto

276

261.06

$8,825.00

85.9

$102.74

$2,435,700.00

94.59

Appanoose

44.34

38

$3,750.00

46.6

$80.47

$166,275.00

85.70

Appanoose

57

47

$2,600.00

27.4

$94.89

$148,200.00

82.46

Appanoose

42.25

37

$2,700.00

36.5

$73.97

$114,075.00

87.57

Plymouth

152

150.87

$6,300.00

43.3

$145.50

$957,600.00

99.26

Harrison

116.25

116.58

$7,550.00

78

$96.79

$877,687.50

100.28

Harrison

39

40.21

$7,800.00

79.7

$97.87

$304,200.00

103.10

Harrison

106.22

94

$6,100.00

66

$92.42

$647,942.00

88.50

Harrison

74.75

78.30

$9,200.00

68.9

$133.53

$687,700.00

104.75

Harrison

139.78

120.52

$4,500.00

56.9

$79.09

$629,010.00

86.22

Harrison

232.75

221.19

$6,900.00

66.8

$103.29

$1,605,975.00

95.03

Pottawattamie

268.7

263.5

$6,200.00

48.1

$128.90

$1,665,940.00

98.06

Pottawattamie

149.11

135

$5,000.00

51.5

$97.09

$745,550.00

90.54

Pottawattamie

217.65

176

$5,000.00

52

$96.15

$1,088,250.00

80.86

Pottawattamie

175.25

167.92

$5,800.00

64.4

$90.06

$1,016,450.00

95.82

Shelby

77.44

77.69

$8,100.00

58.4

$138.70

$627,264.00

100.32

Mitchell

155

148.3

$6,900.00

81.9

$84.25

$1,069,500.00

95.68

Butler

110

106.9

$7,100.00

79.8

$88.97

$781,000.00

97.18

Butler

120

119.7

$9,100.00

88

$103.41

$1,092,000.00

99.75

Butler

91

90.1

$8,475.00

88.6

$95.65

$771,225.00

99.01

Butler

40

38.9

$10,500.00

89.2

$117.71

$420,000.00

97.25

Butler

103

101.4

$7,400.00

85

$87.06

$762,200.00

98.45

Butler

107

103.4

$6,350.00

69.1

$91.90

$679,450.00

96.64

Clay

100

99.5

$11,700.00

96.4

$121.37

$1,170,000.00

99.50

Fayette

76.8

74.95

$8,000.00

87.4

$91.53

$614,400.00

97.59

Shelby

139.3

131.91

$7,325.00

71.6

$102.30

$1,020,372.50

94.69

Plymouth

40

37.08

$10,000.00

78.7

$127.06

$400,000.00

92.70

Benton

79.15

71.38

$7,000.00

86.5

$80.92

$554,050.00

90.18

Tama

240

218.4

$8,125.00

89.5

$90.78

$1,950,000.00

91.00

Marshall

80

77.91

$11,400.00

83.6

$136.36

$912,000.00

97.39

Marshall

171

170.15

$6,400.00

74.1

$86.37

$1,094,400.00

99.50

Marshall

37

36.67

$6,500.00

68.7

$94.61

$240,500.00

99.11

Sac

78

72.03

$9,792.00

89.2

$109.78

$763,776.00

92.35

Crawford

120

98.36

$6,372.00

78.6

$81.07

$764,640.00

81.97

Hamilton

320

311

$9,525.00

85.1

$111.93

$3,048,000.00

97.19

Muscatine

57.56

55

$10,100.00

87.3

$115.69

$581,356.00

95.55

Muscatine

38.94

34.86

$10,100.00

82

$123.17

$393,294.00

89.52

STATEWIDE TOTALS

5445.23

5154.21

$7,790.72

74.00

$104.87

$42,811,662.00

94.66

Featured Farmland Auction In Iowa

This is a nice 41 acre tract located just NW of Coon Rapids, Iowa. The property is currently seeded down to alfalfa, with a small portion of the acres being used as pasture. The north boundary of this farm has the Middle Raccoon River running along its banks.  Whether you are looking for that perfect place to build a home in the country with views or add a few more tillable acres set up a viewing to come check this property out. The property has a CSR2 rating of 56.7 along with a 20ft x 42ft Hoop Building and one 8,000 BU Grain Bin built in 1990. The new owner will have immediate possession upon closing!

Online bidding is open NOW, and will close on September 19, 2019 at 10 AM. Click Here to learn more and bid!

 

 

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