Iowa Appraisal

Iowa Land Auction Prices, August 18-24, 2017

Posted on August 28, 2017 at 5:30 PM by Jim Rothermich

Greetings!  More acres of land were auctioned this week as compared to last.  821 acres of land were offered, of which 625 acres were tillable.  All farms sold.  The market still appears to be strong.  Here are the highlights:

  • 77 acres sold in Dickinson County- $9,300/acre- all tillable- CSR2- 86
  • 154 acres sold in Floyd County- offered in two tracts:
    • 80 acres- $8,350/acre- 79 tillable acres- CSR2- 87
    • 74 acres- $8,100/acre- 70 tillable acres- CSR2- 87
  • 237 acres sold in Henry County- offered in three tracts- purchased as two units:
    • 121 acres- $12,000/acre- 116 tillable acres- CSR2- 81
    • 117 acres- $9,400/acre- 107 tillable acres- CSR2- 85
  • 147 acres sold in Boone County- $8,600/acre- 144 tillable acres- CSR2- 84
  • 206 acres sold in Wayne County- offered in two tracts:
    • 41 acres- $3,950/acre- 32 tillable acres- CSR2- 46
    • 165 acres- $2,150/acre- 66 acres clean pasture- balance woods

Last week many eyes were on what is now called the Farm Journal Midwest Crop Tour.  Pro Farmer projected Iowa corn yield at 183 bushels per acre, down from 203 bushels per acre from 2016, and soybean yields were projected at 53.5 bushels per acre, down from 60.5 bushels per acre from 2016.  No doubt the dry weather has affected crop yields - how much will be dictated by when the combines start rolling this fall.  So far, I have not really seen much of an effect on land prices.  It will be interesting if we start seeing land markets being affected by the drought in the next several weeks.

“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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