Iowa Land Auction Prices, August 20-26, 2022
Posted on 08/29/2022 at 11:48 AM by Jim Rothermich
Ida County tops the market again with a $23,400/acre sale. Honorable mention goes to Jasper County with a $17,100/acre sale. The Pro Farmer Crop Tour ended Friday, and here are the results: The national corn yield is estimated at 168.1 bushels per acre, almost 9 bushels per acre lower than last year’s estimate; the soybean yield is estimated at 51.7 bushels per acre, down less than 1% from last year. For the state of Iowa, the 2022 corn yield is estimated at 198 bushels per acre, up from the 2021 average yield of 190.76 bushels per acre; the 2022 soybean average yield estimate is 60 bushels per acre, up from the 2021 average yield of 58 bushels per acre. The Crop Tour estimates are far below USDA yield estimates on corn and are close on USDA yield estimates on soybeans. The takeaway is the eastern corn belt is having a good crop year while the western corn belt, specifically Nebraska and South Dakota, is having a terrible crop year. In fact, yield estimates for these two states are so low that good crops in the East will not make up for the deficit. Expect corn prices to respond accordingly.
“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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