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Iowa's January Farmland Sales Summary

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

Iowa Farmland Sales Volume for 80% Tillable Farms

Farmland Prices in Iowa For January, 2019

 2019 started off quiet in farmland sales ... very quiet. Some auction companies didn't host a single auction, and very few had multiple. We are seeing selling hesitation from clients worried about market disruptions such as the government shutdown, trade concerns, and low commodity prices. But, their hesitation is unfounded because the market is stable right now. The factors playing into current land prices are not political market disruptions, but instead are the volume of land sales in your neighborhood, and the 2017 crop in that neighborhood. We're in a stable market when it comes to those factors!

Another fear of sellers right now is the increasing interest rates. Anytime interest rates increase, the banks get more money and sellers get less. Interest rates are meant to control the speed of the U.S. economy. Their pattern is typically to increase incrementally for a period of time, then decrease incrementally for a period of time. We are in a period of incremental increase which will continue to put pressure on farmland prices for the next year. That makes today a better day to sell your farm than a year from now.

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Average Price Per CSR2 Point for Iowa Farmland

 The average price per CSR2 point in January 2019 was $106.25, across all 80% tillable farms sold at auction in Iowa. This is up $4 from December 2018. 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. The best representation of price per CSR2 point is over a longer period of time such as six months to a year.

Average Price Per Acre of Tillable Farmland in Iowa

 We saw an average price of $8,540.55 per tillable acre of farmland in January 2019. While the January weekly average stayed below $8,200, the monthly average crept up from where it ended in 2018.

Selling Farmland in Iowa

 Selling a farm doesn't have to be a scary or stressful experience. If you are considering selling farmland in Iowa, DreamDirt can help you learn what your farm is worth for free. Not only that, but we have the data and expertise to offer you professional guidance in the marketing and 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

 

January 2019 Average Price Per Acre of Farmland 

 Iowa Farmland Prices Per Acre - Month View-6

 

 

Iowa Farmland Prices - 12 Month Rolling Summary

 

Iowa Farmland Prices Per Acre 12 Month-6

 

 

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

STATEWIDE TOTALS

2938.21

2802.54

$8,540.55

80.02

$106.25

$23,408,281.10

95.38

County

Total Acres

Tillable Acres

Price Per Tillable Acre

CSR2

$ per Tillable CSR2

Price

% Tillable

Adair

126

105

$5,100.00

73.7

$69.20

$642,600.00

83.33

Adams

192.65

171

$4,600.00

60.4

$76.16

$886,190.00

88.76

Butler

77

74

$7,800.00

88

$88.64

$577,200.00

96.10

Butler

60

60

$7,800.00

88.9

$87.74

$468,000.00

100.00

Calhoun

120

116.12

$8,600.00

82.8

$103.86

$998,632.00

96.77

Calhoun

80

77.49

$9,500.00

83

$114.46

$736,155.00

96.86

Calhoun

73.35

73.35

$8,050.00

78.4

$102.68

$590,467.50

100.00

Cerro Gordo

150

146.7

$8,200.00

78

$105.13

$1,202,940.00

97.80

Clinton

116.2

116.2

$10,600.00

84.6

$125.30

$1,231,720.00

100.00

Crawford

97.76

94.42

$10,900.00

84.3

$129.30

$1,029,178.00

96.58

Crawford

155.93

153.85

$11,000.00

87.1

$126.29

$1,692,350.00

98.67

Fayette

153.65

143.44

$6,400.00

74.3

$86.14

$918,016.00

93.36

Fayette

100.52

99.83

$7,700.00

85.7

$89.85

$768,691.00

99.31

Fayette

80

79.5

$8,700.00

87.6

$99.32

$691,650.00

99.38

Hamilton

3.82

3.82

$12,105.00

87.9

$137.71

$46,241.10

100.00

Lyon

80

77

$8,200.00

56.6

$144.88

$631,400.00

96.25

Lyon

80.7

77.99

$12,200.00

88.5

$137.85

$984,540.00

96.64

Marshall

196

183

$7,071.00

84.6

$83.58

$1,293,993.00

93.37

Shelby

76.18

68.4

$11,300.00

81.1

$139.33

$860,834.00

89.79

Shelby

116.7

110.79

$7,700.00

67.5

$114.07

$898,590.00

94.94

Sioux

80.01

76.02

$11,650.00

86.2

$135.15

$885,633.00

95.01

Sioux

80

79.01

$11,750.00

91.2

$128.84

$928,367.50

98.76

Story

82.55

83.39

$9,300.00

88.1

$105.56

$775,527.00

101.02

Winnebago

75

64.9

$5,600.00

56

$100.00

$363,440.00

86.53

Winnebago

117

112.9

$6,250.00

77.2

$80.96

$705,625.00

96.50

Winnebago

131

128.01

$5,600.00

76.6

$73.11

$716,856.00

97.72

Wright

78

74

$6,900.00

78.3

$88.12

$510,600.00

94.87

Wright

118.19

112.91

$9,500.00

84.5

$112.43

$1,072,645.00

95.53

Wright

40

39.5

$7,600.00

79.6

$95.48

$300,200.00

98.75

 

 Featured Farmland Auction in Iowa

Register online now for an opportunity to own this investment grade farm in Hamilton County, on February 15th. The farm will be sold at auction with online only bidding. The perfect investment for those seeking land holdings in their portfolio or a 1031 exchange. Tract 1 has some tile, with CRP income on 5.30 acres as a buffer strip along the creek, 87.95 acres are tillable with a 79 CSR2 on tillable acres. Tract 2 is flat black and square 18.16 acres with a CSR2 rating of 81.9. For more details, view the auction listing at DreamDirt.com!

 

 

 

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