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Iowa's December Farmland Sales Summary

By Jason Smith, CAI Auctioneer | Land Broker | Published January 22, 2019

Iowa Farmland Sales Volume for 80% Tillable Farms

Farmland Prices in Iowa For December, 2018

 As we breakdown the data for December 2018's farmland prices, we see that the year closed out riding the average at just over $8,000 per acre. Prices are cooling a bit but are relatively good considering the current political climate. That's not to say farmland prices are good everywhere - prices are going to be a bit lower in areas with more sales than areas with little land on the market. 

Overall, the market is strong to sell farmland as we move into 2019. Predictability is key - we don't know what is in store for land prices three to five months from now. We do know that prices are strong right now, making now the most predictable time to sell land and have a good sense of what price it will bring.

Get a Free Valuation For Your Farm or Land Property

 

Average Price Per CSR2 Point for Iowa Farmland

Across 80% tillable farms sold at auction in Iowa, the average price per CSR2 point in December 2018 was $102.64. The price declined from November 2018, but month to month variations depend on the quality of farms sold that month. The best representation of price per CSR2 point is over a longer period of time.

Average Price Per Acre of Tillable Farmland in Iowa

In December 2018, we saw an average price of $8,053.90 per tillable acre of farmland across all sales in the state. The price rose for the majority of the month between weeks 49 and 51, but dropped back down to finish out the year just under the 2018 average. 

Selling Farmland in Iowa

In 2018, DreamDirt's average price per acre sold was $40 higher than the December 2018 average. When selling land, the right price from the right bidder can go a long way. If you are considering selling farmland in Iowa we can help you learn what your farm is worth and what it will take to sell it.  We have the data and the expertise to offer you professional guidance in the sale of your land. You can call us at 515-537-6633 or click the link below to learn more.

Learn the secret to selling farmland! Download our free E-Book

 

December 2018 Average Price Per Acre of Farmland 

 Iowa Farmland Prices Per Acre - Month View-5

 

 

Iowa Farmland Prices - 12 Month Rolling Summary

 

Iowa Farmland Prices Per Acre 12 Month-5

 

Iowa Farmland Prices Year to Date Summary 

 

Iowa Farmland Prices Per Acre YTD-4

 

Iowa Farmland Sales Report for December 2018 - 80% Tillable Farms

STATEWIDE TOTALS

4934.23

4689.49

$8,053.90

78.09

$102.64

$39,917,170.25

95.04

County

Total Acres

Tillable Acres

Price Per Tillable Acre

CSR2

$ per Tillable CSR2

Price

% Tillable

Monroe

76

72.610

$6,800.00

84.3

$80.66

$516,800.00

95.54

Hamilton

52

51.11

$8,000.00

88.9

$89.99

$416,000.00

98.29

Audubon

70.55

66.08

$6,250.00

64.2

$97.35

$440,937.50

93.66

Mills

116

102.72

$6,250.00

72.4

$86.33

$725,000.00

88.55

Cherokee

153.77

145.67

$9,000.00

93.3

$96.46

$1,383,930.00

94.73

Pottawattamie

119.01

103

$4,075.00

60

$67.92

$484,965.75

86.55

Dallas

80

79

$12,800.00

85.5

$149.71

$1,024,000.00

98.75

Story

40

36.05

$10,500.00

79.3

$132.41

$420,000.00

90.13

Union

213

198

$6,500.00

75.7

$85.87

$1,384,500.00

92.96

Ringgold

156

148

$4,800.00

61.40

$78.18

$748,800.00

94.87

Cerro Gordo

153.5

151.4

$9,870.00

89.10

$110.77

$1,515,045.00

98.63

Grundy

98

95.4

$11,100.00

94.40

$117.58

$1,087,800.00

97.35

Butler

160

156.1

$9,750.00

79.80

$122.18

$1,560,000.00

97.56

Butler

148

138.4

$8,525.00

78.30

$108.88

$1,261,700.00

93.51

Butler

80

75.8

$8,750.00

91.00

$96.15

$700,000.00

94.75

Butler

80

78.4

$8,375.00

82.80

$101.15

$670,000.00

98.00

Ida

111.53

95.53

$7,100.00

66.40

$106.93

$791,863.00

85.65

Ida

118.74

115.15

$7,200.00

62.30

$115.57

$854,928.00

96.98

Keokuk

74.77

71.5

$6,550.00

72.00

$90.97

$489,743.50

95.63

Harrison

78.04

77.7

$7,600.00

68.10

$111.60

$593,104.00

99.56

Shelby

59.46

54.41

$6,000.00

62.50

$96.00

$356,760.00

91.51

Shelby

79

73.68

$7,300.00

64.70

$112.83

$576,700.00

93.27

Harrison

78.2

65.36

$6,000.00

68.60

$87.46

$469,200.00

83.58

Poweshiek

160

155.46

$9,350.00

82.30

$113.61

$1,496,000.00

97.16

Chickasaw

106.31

103.05

$4,800.00

70.50

$68.09

$510,288.00

96.93

Sac

52

49.29

$6,800.00

76.40

$89.01

$353,600.00

94.79

Worth

80

75.1

$7,750.00

82.30

$94.17

$620,000.00

93.88

Worth

100

98.2

$8,775.00

90.80

$96.64

$877,500.00

98.20

Worth

80

76.2

$8,500.00

91.70

$92.69

$680,000.00

95.25

Worth

80

74.9

$8,100.00

87.70

$92.36

$648,000.00

93.63

Worth

40

38.8

$8,525.00

87.80

$97.10

$341,000.00

97.00

Sioux

157.12

154.24

$15,400.00

90.1

$170.92

$2,419,648.00

98.17

Benton

172

167.78

$10,000.00

81.7

$122.40

$1,720,000.00

97.55

Woodbury

77.32

80.13

$6,000.00

69.6

$86.21

$463,920.00

103.63

Linn

160

156.48

$7,600.00

68.4

$111.11

$1,216,000.00

97.80

Linn

54

52.29

$6,900.00

56.2

$122.78

$372,600.00

96.83

Cherokee

67.4

55.86

$7,100.00

94.50

$75.13

$478,540.00

82.88

Sac

119.35

119.75

$9,050.00

86.00

$105.23

$1,080,117.50

100.34

Webster

74

72.93

$9,600.00

83.80

$114.56

$710,400.00

98.55

Webster

147

138.54

$6,400.00

70.40

$90.91

$940,800.00

94.24

Plymouth

40

38

$8,100.00

77.90

$103.98

$324,000.00

95.00

Plymouth

80

74

$8,100.00

79.50

$101.89

$648,000.00

92.50

Carroll

80

79.5

$9,950.00

88.00

$113.07

$796,000.00

99.38

Carroll

50

47.23

$8,000.00

83.00

$96.39

$400,000.00

94.46

Carroll

132

127.09

$5,000.00

61.00

$81.97

$660,000.00

96.28

Crawford

78

69.82

$9,250.00

75.6

$122.35

$721,500.00

89.51

Crawford

112.16

99.45

$9,250.00

85.1

$108.70

$1,037,480.00

88.67

Boone

40

38.24

$8,700.00

75.7

$114.93

$348,000.00

95.60

Boone

40

38.32

$8,950.00

82.4

$108.62

$358,000.00

95.80

Wright

160

157.77

$7,650.00

81.3

$94.10

$1,224,000.00

98.61

 Featured Farmland Auction in Iowa

Join us on January 29th for this acreage auction in Hamilton County Iowa. This will be a live auction with online bidding available for remote bidding. Located in Hamilton County near Blairsburg, IA. This 5.23 acreage has a house, barns/sheds, and 4 grain storage bins.  View the farmland auction listing at DreamDirt.com

 

 

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