Iowa Appraisal and Research Corp

Iowa Land Auction Prices, November 3-9, 2017

Posted on 11/13/2017 at 10:58 AM by Jim Rothermich

Greetings! Many more acres of land were auctioned this week as compared to last. 5,253 acres of land were offered, of which 4,239 acres were tillable. Two “no sales” this week. The realtor with the no sale in Chickasaw County was pretty sure the sale would be negotiated. This farm had a couple of hog finishers. The land market continues to be very strong. Here are the highlights:

  • 124 acres sold in Sioux County- offered in 2 tracts:
    • 82 acres- $10,750/acre- 66 tillable acres- CSR2- 93
    • 42 acres- $12,430/acre- 39 tillable acres- CSR2- 87
  • 185 acres sold in Allamakee County- $5,054/acre- 105 tillable acres- CSR2- 67 (improved with farm stead & outbuildings)
  • 89 acres sold in Des Moines County- offered in 2 tracts:
    • 49 acres- $8,200/acre- 37 tillable acres- CSR2- 77
    • 40 acres- $2,400/acre- recreational tract
  • 100 acres sold in Greene County- $8,500/acre- 95 tillable acres- CSR2- 88
  • 160 acres sold in Wapello County- $5,300/acre- 142 tillable acres- CSR2- 58
  • 120 acres sold in Fayette/Clayton County- $3,725/acre- 47 tillable acres- CSR2- 41.7 (recreational tract)
  • 154 acres sold in Worth County- offered in two tracts:          
    • 80 acres- $9,900/acre- 78 tillable acres- CSR2- 96
    • 74 acres- $8,300/acre- 72 tillable acres- CSR2- 92
  • 163 acres sold in Van Buren County- offered in two tracts:
    • 41 acres- $3,100/acre- 25 tillable acres- CSR2- 43 (CRP)
    • 41 acres- $6,100/acre- 39 tillable acres- CSR2- 72 (CRP)
    • 81 acres- $7,050/acre- 79 tillable acres- CSR2- 73 (CRP)
  • 111 acres sold in Mills County- $5,400/acre- 83 tillable acres- CSR2- 79
  • 80 acres sold in Hardin County- $9,700/acre- 79 tillable acres- CSR2- 85
  • 88 acres sold in Sioux County- $13,200/acre- 86 tillable acres- CSR2- 94
  • 241 acres sold in Lyon County- offered in two tracts:
    • 118 acres- $11,100/acre- 115 tillable acres- CSR2- 69
    • 123 acres- $10,200/acre- 108 tillable acres- CSR2- 67
  • 40 acres “no sale” Story County- 26 tillable acres- CSR2- 83
  • 80 acres sold in Wright County- $7,925/acre- all tillable- CSR2- 80
  • 100 acres sold in Kossuth County- all tillable- CSR2- 82
  • 155 acres sold in Benton County- $9,450/acre- 147 tillable acres- CSR2- 88
  • 285 acres sold in Washington County- offered in four tracts:
    • 38 acres- $11,700/acre- all tillable- CSR2- 89
    • 81 acres- $9,300/acre- 79 tillable acres- CSR2- 89
    • 163 acres- $6,100/acre- 126 tillable acres- CSR2- 80
    • 3 acres- lump sum- $150,000 (homestead w/farm buildings)
  • 158 acres sold in Wayne County- $4,400/acre- 67 tillable acres- CSR2- 51.7 (balance pasture)
  • 190 acres sold in Humboldt County- offered in two tracts:
    • 157 acres- $8,600/acre- 136 tillable acres- CSR2- 86
    • 33 acres- $6,800/acre- 17 tillable acres- CSR2- 88
  • 240 acres sold in Woodbury County- 232 tillable acres- CSR2- 66 (Missouri River Bottom)
  • 192 acres sold in Sioux/Lyon County- offered in four tracts: 
    • 78 acres- $17,050/acre- all tillable- CSR2- 69
    • 66 acres- $11,900/acre- all tillable- CSR2- 67
    • 32 acres- $7,200/acre- 31 tillable acres- CSR2- 63 (creek bottom)
    • 16 acres- $4,800/acre- 10 tillable acres- CSR2- 59 (creek bottom)
  • 231 acres sold in Hamilton County- offered in three tracts:
    • 80 acres- $10,800/acre- all tillable- CSR2- 86
    • 71 acres- $10,400/acre- all tillable- CSR2- 81
    • 80 acres- $11,200/acre- all tillable- CSR2- 86
  • 160 acres sold in Marshall County- undisclosed amount- 125 tillable acres- CSR2- 82
  • 236 acres “no sale” in Chickasaw County- 230 tillable acres- CSR2- 57 (includes 2 hog finishers)
  • 102 acres sold in Mahaska County- 93 tillable acres- CSR2- 73
  • 76 acres sold in Black Hawk County- 75 tillable acres- CSR2- 84
  • 224 acres sold in Delaware County- offered in three tracts:
    • 46 acres- $10,000/acre- 41 tillable acres- CSR2- 88
    • 118 acres- $5,000/acre- 99 tillable acres- CSR2- 45
    • 60 acres- $8,600/acre- 51 tillable acres- CSR2- 85
  • 149 acres sold in Jefferson County- offered in two tracts:
    • 112 acres- $3,425/acre- 98 tillable acres- CSR2- 45
    • 37 acres- $2,200/acre- recreational tract
  • 91 acres sold in Cerro Gordo County- $5,950/acre- 87 tillable acres- CSR2- 74
  • 184 acres sold in Mills County- offered in two tracts:
    • 165 acres- $7,430/acre- 159 tillable acres- CSR2- 80 (Missouri River Bottom)
    • 19 acres- $6,400/acre- 12 tillable acres- CSR2- 81 balance heavy timber (Missouri River Bottom improved with farmstead & outbuildings)
  • 427 acres sold in Crawford County- $3,050/acre- 221 tillable acres- CSR2- 59 (balance pasture)
  • 318 acres sold in Washington County- offered in 3 tracts:
    • 76 acres- $12,200/acre- 74 tillable acres- CSR2- 86
    • 187 acres- $6,700/acre- 115 tillable acres- CSR2- 64 (includes dwelling/farm buildings)
    • 55 acres- $3,300/acre- all pasture

The market continues to be very strong. As I call around and visit with realtors, the optimism is very high out in rural Iowa. I think higher than expected yields have land buyers feeling very good at land auctions and are translating into some good land prices.

“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”

@theLandTalker
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