Iowa Land Auction Prices, January 8-14, 2022
Posted on 01/17/2022 at 10:40 AM by Jim Rothermich
Ida County takes top honors this week with three sales north of $20,000/acre. Honorable mention goes to Cherokee County with a sale at $17,800/acre.
The graphs below will provide perspective as to how the land market reacted to higher land prices and the perception that higher estate taxes were coming in 2022. In June 2021, a higher-than-normal number of acres started coming to the market. This carried through to the end of the year with November and December having the highest monthly amounts for the year. I think 2021 will go down in history not only for historically high land prices but also for the number acres going to auction. Land supplies were very tight for the first six months of the year but were breaking records the last six months of the year. The speed of the market’s reaction to this was very interesting.
You can see my full year-end review of 2021 here: 2021 Land Auction Results Indicate Historic High Land Prices
“That’s my story and I’m sticking to it!”
Jim “the Land Talker”
Jim Rothermich, MAI, ARA, ALC
theLandTalker@iowaappraisal.com ∣ @theLandTalker
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