Iowa Land Auction Prices, May 17-23, 2019

Posted on May 28, 2019 at 10:22 AM by Jim Rothermich

There were no land auctions this week, but auction activity will resume in June. Below are results of a recent cash rent auction. This was an online-only auction that closed on May 3, 2019. The farm consisted of 1,009 acres in Monroe County near the city of Lovilia. The farm was offered in 6 tracts: one-year term lease agreement; hunting rights reserved; each tract was charged with a buyer premium of 10% with a $1,000 max per tract; and fertility was said to be good as the land was adjacent to a large dairy. Per the realtor, there were 47 bidders from five states with two winning bidders - one local, one 85 miles away – and the results far exceeded the owner and realtor’s expectations. Prices include buyer premium. The totals at the bottom of the table are weighted averages.