Iowa Appraisal

Iowa Land Auction Prices, October 2-8, 2021

Posted on October 11, 2021 at 10:55 AM by Jim Rothermich

The land market continues to show strength. The Lyon County sale of $39,750/acre is an active quarry and is not considered an ag land sale. Top honors go to Johnson County with two sales at an October 6 auction, one at $26,000/acre which included a tract for development, and one at $21,000/acre which was purchased to farm. There was said to be over 40 registered bidders at this auction. Honorable mention goes to Plymouth County with a sale of $17,800/acre. The next 60 days will have an unprecedented number of acres going to auction. Yes, prices are high, but you only pay for a good farm once and you may only get one chance in your lifetime to buy the farm you desire. Most farms have a hold period of 50 years.

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

Jim “the Land Talker”

Jim Rothermich, MAI, ARA
Iowa Appraisal and Research Corporation ∣  @theLandTalker

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