Iowa Land Auction Prices, September 7-13, 2018

It was a fairly active week with 2,485 acres being offered, of which 2,120 were tillable. Had some really strong sales this week with farmers buying. One realtor I visited with said his auction exceeded expectations by $1,500 - $2,000/acre. Why? According to the realtor, land in that particular area hasn’t sold in a number of years and buyers showed up ready to bid. I think this adds to the volatility we are seeing right now as some areas in the state have had little land exposed to the market and buyers are willing to pay up. Harvest is just beginning in Southeast Iowa, and I am hearing of some really good yields in spite of it being excessively dry. If yields exceed expectations, this will add optimism to the land market.

“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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