Iowa Appraisal

2022 Mid-Year Iowa Land Auction Results

Posted on July 19, 2022 at 2:17 PM by Jim Rothermich

2022 Mid-Year Iowa Land Auction Results Indicate Aggressive Market Conditions

This morning I enjoyed talking with Paul Neiffer on “The Farm CPA” podcast, discussing my mid-year auction data analysis, Iowa land auction activity, market conditions for this fall, and more! You can listen to it here:

According to statewide auction results I've tracked, Iowa land prices were up 15% in six months based on price per CSR2 point.

Market conditions were aggressive over the last six months. The statewide weighted average price for tillable farmland is $181 per CSR2 point for the period January 1 through June 30, 2022, up 15% from $157 per CSR2 point on December 31, 2021.

The average price per acre for the same period increased from $12,480 (with a weighted average CSR2 point of 79.3) to $13,852 (with a weighted average CSR2 point of 76.5).

2022 mid-year Iowa land auction data

Year to year June 30, 2021, to June 30, 2022, there was a 24% increase in price per CSR2 point. June 30, 2021, average price per CSR2 point was $146, and average price per tillable acre was $10,971 (with a weighted average CSR2 point of 75.0).

Reasons for increasing market conditions:

  • Good crop prices
  • Global food shortage
  • Inflation (land is considered a hedge against inflation)
  • Increased number of buyers looking for a stable investment
  • Buyers have strong equity positions
  • 80% of Iowa farmland carries no debt

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

Jim “the Land Talker”

Jim Rothermich, MAI, ARA, ALC
Iowa Appraisal ∣  @theLandTalker

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