Iowa Land Auction Prices, October 19-25, 2018

Auction activity is picking up with 2,702 acres being offered, of which 2,069 were tillable. We are seeing some localized volatility.  Some realtors I visited with struggled to get bids at auction but were successful negotiating the sale price after the live auction.  In some areas, farmer attitudes are not as good as they were earlier this fall because of wet fields, poor grain quality coming out of the field, and low commodity prices.  The auction activity is going to be very active in November and will really test the stability of the 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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