Iowa Land Auction Prices, October 16-22, 2021
Posted on October 25, 2021 at 9:48 AM by Jim Rothermich
Western Iowa gets top accolades this week. For two consecutive weeks, Sioux County topped the market with one sale at $19,750/acre and another for $19,200 - on the same auction. Honorable mention goes to Cherokee County with a sale at $17,800/acre. Shout out to Harrison County with 233.05 river bottom acres going for $17,000/acre. There were no wind turbines or development potential on any of these farms. Sioux County typically turns out the some of the highest prices in the state, with recent sales being the highest since the 2012-2013 run up. Market conditions are moving upward in Sioux County which pulls the rest of the state.
The next 40 days will have the most auction activity ever in Iowa as there is an unprecedent amount of land going to auction. If you are wanting to buy Iowa land, take advantage of this once in a lifetime event. With typical farm hold periods of 50 years, the best time to buy a farm is when it is for sale.
“That’s my story and I’m sticking to it!”
Jim “the Land Talker”
Jim Rothermich, MAI, ARA
Iowa Appraisal and Research Corporation
theLandTalker@iowaappraisal.com ∣ @theLandTalker
Monthly Iowa land auction results newsletter: Click here to subscribe to email.
Need a farmland appraisal or have questions? Call me! 515.777.7083