Iowa Land Auction Prices, April 3-9, 2020

It was another active week before planting season, with 2,274 acres auctioned of which 2,087 acres were tillable. I am hearing from farm auctioneers that they are struggling to get farms sold. One auctioneer stated the market is off 5%, and another sited 10-15%. As can be seen below, several farms sold at $100/tillable CSR2 point and higher. It appears there are farms that sold well and not all areas of Iowa are seeing softness.

I was inspecting farms this week and saw numerous NH3 applicators out in the field. I also saw a couple of corn planters.

Have a safe week.

“That’s my story and I’m sticking to it!”

Jim “the Land Talker”

@theLandTalker
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