Iowa Land Auction Prices, December 10-16, 2022
Posted on December 19, 2022 at 11:18 AM by Jim Rothermich
Benton County tops the market this week with a sale at $21,300/acre. Honorable mention goes to Plymouth County with a $21,000/acre sale. Shout out to Clarke County with a cash rent auction of 241.37 acres going for $475/acre, 3-year term, 100% rent due March 1st with a CSR2 49.2 equating to a whopping $9.65/CSR2 point. Data on other cash rent auctions will be included in my next newsletter. Demand to rent cropland is very aggressive.
For those who may be meeting over the holidays about your family farm estate, do not rely on information from your farm tenant about land values. Land market conditions have changed drastically, so have the facts. You and/or family members may subscribe (for free!) to my “Iowa Land Auction Results” email newsletter, full of reliable price data, here: Iowa Land Auction Results
“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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