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Iowa's July Farmland Sales Summary

By Jason Smith, CAI Auctioneer | Land Broker | Published August 14, 2019

Iowa Farmland Sales Volume for 80% Tillable Farms

Farmland Prices in Iowa For july 2019

In the past few months, farm land prices have remained fairly steady. In July, tillable land values were sitting right at the 6-month trend line and look to have potential for future positive growth into August. When we take into consideration the varied weather farmers have seen, the markets are right on track to where we would expect them to be at. 

It's no secret the weather this spring was less than ideal for planting, and ultimately there is fear the crops that did get planted could generate a lower yield come harvest. A later plant date results in later pollination and harvest when compared to previous years. However, even though the 2019 crop may not produce record yields, the land prices are still looking positive in the months to come due to the rally of corn prices. The increase in corn prices are giving hope to those looking to sell farmland this coming fall, winter, or spring, and the land market should remain steady in the months to come.

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 July 2019 minimally decreased from the month of June to $101.42, 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.

July 19 Avg $CSR2 - YTD

 

Average Price Per Acre of Tillable Farmland in Iowa

We saw an average price of $8,076.28 per tillable acre of farmland in July 2019. The monthly average is on a steady decrease for the two previous months of May and June. Tillable land for the month of August is above the 6-month trend line, which has steadily increased since the beginning of the year.

July 19 Avg $Acre - YTD

 

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july 2019 Average Price Per Acre of Farmland 

 

 July 19 Avg $Acre - Weekly

 

Iowa Farmland Prices - 12 Month Rolling Summary

 
 July 19 Avg $Acre - 12Mo
 
July 19 Sales Vol - 12 Mo
 
July 19 Avg $CSR2 - 12 Mo
 
 

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

County

Total Acres

Tillable Acres

Price Per Tillable Acre

CSR2

$ per Tillable CSR2

Price

% Tillable

Franklin

107

99.76

$8,400.00

86.2

$97.45

$898,800.00

93.23

Franklin

70

67

$7,400.00

86.5

$85.55

$518,000.00

95.71

Franklin

80

79

$6,700.00

76.5

$87.58

$536,000.00

98.75

Cerro Gordo

56.34

53.69

$9,300.00

74.3

$125.17

$523,962.00

95.30

Warren

230

193.5

$3,100.00

58.2

$53.26

$713,000.00

84.13

Warren

23

21.48

$6,600.00

82.1

$80.39

$151,800.00

93.39

Clarke

113

102.76

$3,900.00

51.8

$75.29

$440,700.00

90.94

Humboldt

75

71

$5,700.00

69.3

$82.25

$427,500.00

94.67

Humboldt

76.7

73.93

$7,450.00

80.5

$92.55

$571,415.00

96.39

Cerro Gordo

235

227.8

$7,200.00

68.4

$105.26

$1,692,000.00

96.94

Boone

40

38.99

$7,700.00

80.3

$95.89

$308,000.00

97.48

Washington

72.64

73

$9,637.00

84

$114.73

$700,031.68

100.50

Washington

18.37

18.37

$15,242.00

88

$173.20

$279,995.54

100.00

Washington

68

68

$13,603.00

84

$161.94

$925,004.00

100.00

Buchanan

106

104.52

$8,900.00

87.3

$101.95

$943,400.00

98.60

Floyd

109

108.9

$8,900.00

87

$102.30

$970,100.00

99.91

Floyd

80

79.3

$11,600.00

89.6

$129.46

$928,000.00

99.13

Floyd

80

76.4

$8,475.00

89.3

$94.90

$678,000.00

95.50

Hamilton

76

75.04

$10,000.00

85.9

$116.41

$760,000.00

98.74

Lyon

81

77.65

$13,600.00

98.1

$138.63

$1,101,600.00

95.86

Taylor

76

74.52

$4,100.00

53.6

$76.49

$311,600.00

98.05

Clarke

155

133

$3,350.00

51.7

$64.80

$519,250.00

85.81

STATEWIDE TOTALS

2028.05

1917.61

$8,220.77

77.85

$102.52

$14,898,158.22

94.55

Featured Farmland Auction In Iowa

Two high-quality tracts of farmland in southern Sac County and northern Crawford County are being sold by Live and Online Auction on August 29 starting at 10AM. These gently rolling farms have tremendous CSR2 ratings of 89.2 for the 78-acre Tract 1, and 78.6 for the 120-acre Tract 2.

Online bidding is open NOW, and live bidding will be held at the Wall Lake Community Center, 209 2nd St. Wall Lake, IA 51466. Click Here to learn more and bid!

 

 

Free Market Analysis

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At DreamDirt, we understand Midwestern farmland prices and can spot value quickly. The proper evaluation of your assets by an appraiser is the first step and often the foundation of your decision making when selling farm land real estate. We have developed the tools leveraging the right data on Midwest farmland prices and machinery sales to produce accurate results.

 

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