Iowa Appraisal

Iowa Land Auction Prices, April 14-20, 2017

Posted on April 24, 2017 at 8:30 AM by Jim Rothermich

Greetings!  More acres of land were offered at auction this week compared to last week’s results.  807 acres were auctioned, of which 514 were tillable.  All farms sold.  I would describe the land market as very stable.  Here are the highlights:

  • 77 acres sold in Buchanan County- $5,700/acre- 61 tillable acres- CSR2- 74.0
  • 130 acres sold in Adams County-  $2,850/acre- all pasture
  • 368 acres sold in Buchanan County- offered in five tracts:
    • 85 acres- $10,750/acre- 80 tillable acres- CSR2- 89.0
    • 76 acres- $10,850/acre- 74 tillable acres- CSR2- 89.0
    • 72 acres- $4,250/acre- 52 tillable acres- CSR2- 89.0 (Beaver Creek Bottom)
    • 107 acres- $2,220/acre- 34 tillable acres- CSR2- 49.0 (Beaver Creek Bottom)
    • 29 acres- $1,600/acre- all pasture (Beaver Creek Bottom)
  • 112 acres sold in Ringgold County- $3,650/acre- 98 tillable acres- CSR2- 55.0 (CRP)
  • 120 acres sold in Plymouth County- $9,000/acre- 115 tillable acres- CSR2- 67.0

Currently, there are not many upcoming auctions.  I have visited with several realtors who are working on booking auctions this summer.  Investor buyers are becoming more aggressive.  Why?  Part of the reason is they perceive the best buying opportunities are when the farm economy outlook is negative.  If you read, listen, and watch the news, there is plenty of negative press about the farm economy.  I think that is why I am hearing a lot from farm realtors that investor buyers were either the successful bidder or the runner up bidder.  This is keeping the land market very stable.

“That’s my story and I’m sticking to it!”  Please check back next week to see what the Iowa land market is doing.

Jim “the Land Talker”

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