Iowa Appraisal

Iowa Land Auction Prices, May 12-18, 2017

Posted on May 22, 2017 at 11:45 AM by Jim Rothermich

Greetings!  Significantly fewer acres of land were offered at auction this week compared to last week’s results.  122 acres were auctioned, of which 80 acres were tillable.  All farms sold. Here are the highlights:

  • 54 acres sold in Plymouth County- $13,800/acre- 52 tillable acres- CSR2- 84.0
  • 28 acres sold in Clay County- all tillable- $11,500/acre- development land- Spencer, IA
  • 40 acres sold in Decatur County- sold in lump sum- $197,500- pasture farm improved with dwelling & outbuildings.

The annual Iowa State University Extension and Outreach cash rental survey has been released.  This annual survey of cash rental rates for farmland in Iowa shows nearly a five percent decline in 2017.  This is the fourth consecutive year of declines in cash rental rates.  The average cash rent in Iowa this year is at $219/acre.  The annual survey included nearly 1,500 responses from farmers, land owners, ag lenders, and realtors. 

Click here to download the survey:  ISU E&O Cash Rental Rates for Iowa 2017 Survey

“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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