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Iowa's March Farmland Sales Summary

By Jason Smith, CAI Auctioneer | Land Broker | Published April 10, 2019

Iowa Farmland Sales Volume for 80% Tillable Farms

Farmland Prices in Iowa For march, 2019

 January and February were very similar, but March brought about some completely new land price and availability data. Floods in western Iowa and eastern Nebraska stand to be somewhat of a gamechanger in 2019. Typically we see a fairly decent volume of land going on the auction market in late winter and early spring. This year was no different. However, now with the flooding and devastation it caused, some farmers will be forced to leave agriculture due to financial failure and retirements.  This will ad an unanticipated supply of land into the marketplace.

This kind of natural disaster and destruction hurts locally. But it hurts the broader market as well. Any event that causes land to become available will also eat up local available money in different ways - regional and national investors only have so much to spend annually on farmland purchases and additional supply will spread that money over more acres. Farmland prices are likely to see a bit of a downturn as a result.

Up until this point, we have seen interest rates creeping higher and putting pressure on the cost of money. However, the Federal Reserve announced that there would be no more interest rate hikes this year, and have actually backed off the federal lending rate. The friction this caused on farmland prices has been reduced, but trade and low commodity prices continue to put pressure on land prices.

 Overall, we may see this downward land trend for a few more weeks due to the pressure caused primarily by the flooding. 

 

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Average Price Per CSR2 Point for Iowa Farmland

The average price per CSR2 point in March 2019 was $99.29, across all 80% tillable farms sold at auction in Iowa. This is down from both January and February 2019. 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.

 

Iowa Farmland Prices CSR2 YTD-2

 

 

Average Price Per Acre of Tillable Farmland in Iowa

We saw an average price of $7,453.26 per tillable acre of farmland in March 2019. The monthly average has been slowly decreasing since 

 

Iowa Farmland Prices Per Acre YTD-5

 

 

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.

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march 2019 Average Price Per Acre of Farmland 

 

 Iowa Farmland Prices Per Acre - Month View-8

 

Iowa Farmland Prices - 12 Month Rolling Summary

 

Iowa Farmland Prices Per Acre 12 Month-8
 
Iowa Farmland Prices CSR2 12 month -4
 
 Iowa Farmland Acres Sold 12 Month-4
 
 

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

County

Total Acres

Tillable Acres

Price Per Tillable Acre

CSR2

$ per Tillable CSR2

Price

% Tillable

Jasper

35

36.54

$8,400.00

84.4

$99.53

$306,936.00

104.40

Clarke

61.78

55.27

$6,700.00

71.5

$93.71

$370,309.00

89.46

Dickinson

60

59.3

$4,000.00

62.4

$64.10

$237,200.00

98.83

Emmet

126.55

118.23

$5,800.00

74.7

$77.64

$685,734.00

93.43

Fremont

399.7

342.85

$4,625.00

73.2

$63.18

$1,585,681.25

85.78

Iowa

44

39.8

$4,200.00

56

$75.00

$167,160.00

90.45

Pottawattamie

526

475.59

$6,475.00

73.7

$87.86

$3,079,445.25

90.42

Floyd

78

77.1

$4,500.00

72.1

$62.41

$346,950.00

98.85

Jefferson

40.19

39

$8,300.00

75.3

$110.23

$323,700.00

97.04

Jasper

80

77.4

$5,400.00

59.8

$90.30

$417,960.00

96.75

Jasper

80

71.04

$5,900.00

64.3

$91.76

$419,136.00

88.80

Marshall

53

50.99

$11,300.00

91.2

$123.90

$576,187.00

96.21

Greene

40

38.24

$8,600.00

84.8

$101.42

$328,864.00

95.60

Greene

160

154.75

$8,950.00

87.9

$101.82

$1,385,012.50

96.72

Lyon

104.9

99.12

$11,000.00

67.9

$162.00

$1,090,320.00

94.49

Howard

75

71.7

$7,300.00

86

$84.88

$523,410.00

95.60

Howard

20

17.1

$5,900.00

56

$105.36

$100,890.00

85.50

Howard

20

19.5

$7,100.00

76.7

$92.57

$138,450.00

97.50

Des Moines

79.93

75.81

$9,500.00

87.4

$108.70

$720,195.00

94.85

Union

116.61

108.5

$6,100.00

68.3

$89.31

$661,850.00

93.05

Madison

80

78

$5,000.00

58.9

$84.89

$390,000.00

97.50

Benton

215

213.55

$11,000.00

89.1

$123.46

$2,349,050.00

99.33

Benton

100

90.4

$9,400.00

87.8

$107.06

$849,760.00

90.40

Clarke

44

43.68

$6,600.00

72.4

$91.16

$288,288.00

99.27

Sioux

71.6

67.44

$10,300.00

77.1

$133.59

$694,632.00

94.19

Pocahontas

160

147.25

$5,000.00

73.7

$67.84

$736,250.00

92.03

Buena Vista

55.61

53

$5,500.00

63.5

$86.61

$291,500.00

95.31

Buchanan

109.2

102.12

$9,000.00

87.5

$102.86

$919,080.00

93.52

Winnebago

115.6

106

$4,800.00

59.1

$81.22

$508,800.00

91.70

Winnebago

138.32

115

$5,400.00

73.9

$73.07

$621,000.00

83.14

Dallas

140

132.64

$11,300.00

88

$128.41

$1,498,832.00

94.74

O’Brien

67.8

67.71

$10,000.00

97.6

$102.46

$677,100.00

99.87

Lyon

79.95

78.59

$11,400.00

69.1

$164.98

$895,926.00

98.30

Lyon

79.96

76.63

$9,900.00

67.7

$146.23

$758,637.00

95.84

Lyon

79.86

77.29

$10,800.00

67.1

$160.95

$834,732.00

96.78

Ida

19

16

$7,600.00

86.3

$88.06

$121,600.00

84.21

Marion

94.6

88.79

$8,450.00

80.3

$105.23

$750,275.50

93.86

Kossuth

160

152.59

$8,300.00

81.6

$101.72

$1,266,497.00

95.37

Clay

160

155.94

$10,600.00

95

$111.58

$1,652,964.00

97.46

Clay

40

37.69

$8,300.00

80.2

$103.49

$312,827.00

94.23

Boone

57.45

56.03

$8,050.00

83.2

$96.75

$451,041.50

97.53

Adams

77

67.44

$4,100.00

57.1

$71.80

$276,504.00

87.58

Adams

77

63.19

$2,300.00

35.2

$65.34

$145,337.00

82.06

Harrison

249.54

80

$4,900.00

54.7

$89.58

$392,000.00

32.06

Harrison

173.06

157.43

$6,900.00

70

$98.57

$1,086,267.00

90.97

Clay

58.19

56.7

$7,900.00

83.3

$94.84

$447,930.00

97.44

Statewide Totals

4903.4

4408.93

$7,453.26

74.20

$99.29

$32,682,220.00

89.92

 

 Featured Farmland Auction in Iowa

 This 103 acre farmland, pasture, and hunting ground next to the Clanton Creek Recreational Area in Madison County, IA is open for bidding online and will close on April 18 at 2:00 PM! Of the 103 acres, 41.3 acres are pasture and hay ground with wooded draws, 2 ponds, and fair to good fences. The farm currently has 32.7 acres enrolled in CRP paying $5,939 annually. There are 59.54 cropland acres. This a great opportunity to buy a recreational farm that is income producing! Click here for more information about this outstanding property! 

 

 

 

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