Iowa Farmland Auction Results for Week 6 2018
Average Price per CSR Point in Iowa
Iowa 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|
View our Iowa Farmland Map with Current Farmland Prices in All 99 Iowa Counties
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