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Iowa Farmland Auction Results for Week 6 2018

Average Price per CSR Point in Iowa

Iowa farmland valuesIowa farmland prices in week 7 were nearly identical to week 6 of 2018.  This weeks farmland auction results show that $14,606,615 worth of farmland sold at auction this week for farms that are 80% tillable or more.  There was a sale of pastureland in Ringgold County Iowa at auction.  It was sold as two 80 acre parcels which sold for $2425 and $2250 per acre but none of the acres were tillable acres.

The average price per CSR2 for week 7 was $95.07 which was only down slightly from week 6 when we ended at $96.13.  The average price for an acre of farmland for the week was $7387.95 which was down slightly from week 6 when it was $7401.92 per acre.

The volume in week 7 was the largest of the year so far with 2084.76 acres trading hands during the week.  The previous high for the year was in week 4 at 1670 acres.  Farmland sales still remain very low which is contributing to higher prices in tillable farmland sales when coupled with the lower interest rates.  Demand for good farms remains strong and sellers are coming out on top in this market.  We often hear opinions of farmland values and people are often astounded at how well farms sell at auction in todays lower commodity price environment but with low volumes we expect the current trend will continue.

Highest Selling Farm in Iowa this week

Benton County Iowa takes top honors this week with a farmland auction achieving $14,300 per acre.  This farm was a 91.6 CSR2 farm that achieved $156.11 per CSR2 point.  Its not hard to see the premium available for these really good farms that break the 90 CSR2 barrier.  8 farms sold better than $100 per CSR2 point this week out of 20.

Iowa Farmland Price Charts for Week 7 2018

Iowa Farmland Price Chart for Week 7 – Actual Sales of Farmland

County Total Acres Tillable Acres Price Per Tillable CSR2 $ per Tillable CSR2 Total Price
Benton 176 170.2 $14,300 91.6 $156.11 $2433860.00
Adair 167 141.52 $4300 63.5 $67.72 $608536.00
Adair 200 179.1 $4700 66.9 $70.25 $841770.00
Adair 80.51 63.27 $2950 56.6 $52.12 $186646.50
Pocahontas 115 111.09 $7550 86.8 $86.98 $838729.50
Pocahontas 155 152.01 $8600 82.8 $103.86 $1307286.00
Pocahontas 83 78.45 $7300 82.7 $88.27 $572685.00
Pocahontas 80 75.04 $6900 74.1 $93.12 $517776.00
Pocahontas 4.89 4.89 $5726 74.5 $76.86 $28000.14
Harrison 71.38 71.05 $5725 57.2 $100.09 $406761.25
Palo Alto 36.26 36.26 $7622 87.1 $87.51 $276373.72
Palo Alto 75.72 75.72 $7158 82.7 $86.55 $542003.76
Plymouth 78.08 76.47 $11450 88 $130.11 $875581.50
Plymouth 71.42 70.92 $11150 86.1 $129.50 $790758.00
Wayne 80 63.16 $3000 43.1 $69.61 $189480.00
Howard 62 60.5 $9250 88.6 $104.40 $559625.00
Chickasaw 146.43 120.11 $6328 69.2 $91.45 $760056.08
Pocahontas 107 102.97 $9100 85.4 $106.56 $937027.00
Clinton 160 148.1 $10,800 83.5 $129.34 $1599480.00
Mills 135.07 86.8 $3850 54.2 $71.03 $334180.00
STATEWIDE AVERAGE $7387.95 75.23 $95.07
TOTALS 2084.76 1887.63 $14,606,615.45

View our Iowa Farmland Map with Current Farmland Prices in All 99 Iowa Counties

land values in iowa

Featured Iowa Farmland Auction

Our team is headed to Sioux County this week and we’ll be selling a farm for Rebecca Bower.  This outstanding farm has 92 CSR2 and is a super farm in a great market.  You can find more information not his farmland auction at www.DreamDirt.com  Auctioneers Jason Smith and Tom Bradley 712-592-8965