Iowa Appraisal

Iowa Land Auction Prices, July 7-13, 2017

Posted on July 17, 2017 at 10:30 AM by Jim Rothermich

Greetings!  We are starting to see some auction activity after the 4th of July holiday.  This week 978 acres were auctioned, of which, 643 acres were tillable.  There was one “no sale” on a recreational tract.  The market continues to be strong.  Here are the highlights:

  • 262 acres “no sale” in Clarke County- combination recreation/timbered CRP
  • 44 acres sold in Davis County- $4,350/acre- 35 tillable acres- CSR2- 44
  • 141 acres sold in Jefferson County- offered in three tracts- purchased as a unit-$6,000/acre- 82 tillable acres- CSR2- 48 (CRP farm on last year)
  • 79 acres sold in Webster County- $8,950/acre- 78 tillable acres- CSR2- 83
  • 191 acres sold in Palo Alto County- $8,950/acre- all tillable- CSR2- 75
  • 77 acres sold in Hamilton County- $9,200/acre- 76 tillable acres- CSR2- 82
  • 184 acres sold in Butler County- offered in two tracts:
    • 87 acres- $9,350/acre- 86 tillable acres- CSR2- 88
    • 97 acres- $8,850/acre- 95 tillable acres- CSR2- 84

Other than the one “no sale,” all auction prices exceeded the realtor’s expectations.  Grain markets have rallied the past several days which equates to even more optimism among land buyers.  Due to the low inventory of farms for sale, this land market is as good as it has been in several years.  If you’re thinking of selling a farm in the near time, I highly recommend bringing the farm to the market sooner rather than later.

“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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