2014 Iowa Farmland Rental Rates Survey

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2014 Iowa Farmland Rental Rates

This report is broken down by 9 Crop Reporting Districts across Iowa.  Find your District here.

farmland rentals rates in Iowa2

District 1 Buena Vista, Cherokee, Clay, Dickinson, Emmet, Lyon, O’Brien, Osceola, Palo Alto, Plymouth, Pocahontas, Sioux County

District 2 Butler, Cerro Gordo, Floyd, Franklin, Hancock, Humboldt, Kossuth, Mitchell, Winnebago, Worth, Wright County

District 3 Allamakee, Black Hawk, Bremer, Buchanan, Chickasaw, Clayton, Delaware, Dubuque, Fayette, Howard, Winneshiek County

District 4 Audubon, Calhoun, Carroll, Crawford, Greene, Guthrie, Harrison, Ida, Monona, Sac, Shelby, Woodbury County

District 5 Boone, Dallas, Grundy, Hamilton, Hardin, Jasper, Marshall, Polk, Poweshiek, Story, Tama, Webster County

District 6 Benton, Cedar, Clinton, Iowa, Jackson, Johnson, Jones, Linn, Muscatine, Scott County

District 7 Adair, Adams, Cass, Fremont, Mills, Montgomery, Page, Pottawattamie, Taylor County

District 8 Appanoose, Clarke, Decatur, Lucas, Madison, Marion, Monroe, Ringgold, Union, Warren, Wayne County

District 9 Davis, Des Moines, Henry, Jefferson, Keokuk, Lee, Louisa, Mahaska, Van Buren, Wapello, Washington County

With the aid of 1,674 farmers, landowners, farm managers and agricultural lenders from every county in the state, who answered based on their knowledge of typical cash rental rates for the year 2014, the Iowa Farmland Rental Rate Survey has shown a small decrease in rates as compared to the previous two years in relation to high, medium, and low quality cropland in the various districts and counties throughout the state. Even so, over a five year period, 2014 marks an increase in rental rates per acre of land across the board, which means that while there is a noticeable fluctuation from one year to the next, over the medium term, the market seems to be gaining favorably.

As an example, let’s take a look at corn and soybean acres for rent in Crop Reporting District 1. The average rental rate for 2010 in this area was reduced to $188, an amount that climbed to its highest point in 2013 at $283 and then decreased somewhat in 2014 to end the year at $270. A similar pattern can be seen in District 5, where the going rate in 2010 was $195. Over the next three years, the rental rate of this district climbed exponentially, reaching $297 in 2013 and settling at $284 in 2014. The only Crop Reporting District in which fluctuations have not been as marked is Crop Reporting District 9, where the going rate in 2010 was $169. This number grew to $229 in 2013 and has remained in place during 2014.

Of course, these numbers are only averages, and the final rental rate can be higher or lower depending on a large number of factors, most of which are related to the topography and fertility of a certain tract of land. For instance, smaller fields with terraces or creeks can bring in a lower than average rate, as would those fields that are difficult to access or which may have a lower fertility rate than others in the area. On the other hand, a higher fertility level of the soil or above average grain prices in the area would implicate an increase over the average rental rate.

In this manner, the rental rate per acre of land on a statewide basis ranges between $52 and $316, based on the type of crop it will produce and the overall quality of the land, as is shown in the following table:

Iowa Farmland Rental Rates



High Quality

Medium Quality

Low Quality
















A notorious difference can also be found in the different districts across the state, with the highest rental rate for corn and soybeans being found in Districts 1, 4 and 6, and the lowest in Districts 8 and 9 as follows:





















































































Note: The second rate shown for Districts 1, 2, 4, 6 and 9, relative to corn and soybean production, represents the rental rate for irrigated land.

Additionally, the 2014 rental rates for fields with hunting rights range from $8 to $27, while those used for cornstalk grazing range from $7 to $20 per acre, depending on their location. It is important to note that these numbers are only representative of the acreage itself, and do not include any added value that could be acquired through the inclusion of buildings or storage facilities or any current contracts, which include those for manure application or seed production. For more detailed information, which could be helpful to those looking to apply a fair rate to their farmland.  You can download the full report here:  2014 Iowa Farmland Rentral Rates

For information about selling or renting farms contact us at DreamDirt.com  We are licensed to sell farmland.  Our land brokers and auctioneers provide private treaty listings and auction services for crop leases, real estate, farm machinery and estates.  You can call us at (855)376-3478

Visit us at our brokerage website Iowa Auctioneers and Farmland Brokers

Iowa Farmland Prices Falling Farmland Bubble?

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Iowa Farmland Prices Falling Farmland Bubble Predictors Get Their Day

A new report out this week by the Chicago Fed Reserve has some news that wasn’t unexpected.  With 6 years of record land prices behind us we knew an adjustment in values was in ahead.  The big question is how big will the adjustment be?  The prevailing figure I see being thrown around is 20% over the next 2-3 years.  For at least the last 4 years the term “Farmland Bubble” has been thrown around, as an Auctioneer I’ve had my share of arguments about what lies ahead.  I’ve always said “I don’t see a crash” and I still see no crash coming.  In fact last Thursday I conducted an auction in northern Iowa, with cash corn prices that day opening at $4.22 we still sold the farm for $10,000 per tillable acre.

Farmland bubble

The recent report by the Fed shows that Iowa as a whole state gained 9% appreciation in farmland prices from October 1, 2012 to October 1, 2013 which matches previous survey’s released but whats important to see is that the report shows from July 1, 2013 to October 1, 2013 we were running -1% appreciation.  Its easy to see the correlation between the July-August drop in commodities to the drop in farmland prices.  We can assume the current patter will prevail moving forward and we’ll begin losing value.  That value loss will not be equal and across the board which I’ll explain below.

Download the Chicago Fed Report here Iowa Farmland Prices

As an auctioneer and licensed real estate broker here are my current observations in the Iowa farmland market.

#1 There has been an increase in No-Sales around the state.  A No-Sale is when an auction does not achieve a sellers expected reserve price.  Our company has not experienced a no sale and with this threat out there its more important than ever to choose the right auctioneer, choosing the wrong one can turn into a disaster right now.

#2 Middle of the road and poor quality farmland is still selling but at a reduced price from where it was at last year.  If you have a low CSR and below you’ll see this reflected in the value of your farm.

#3 High quality farms are bringing a premium, this is the bright spot in the farmland market right now.  A report by the Iowa Realtors Land Institute recently quoted the figure of 10% premium for high quality farms in Iowa. Prices on high quality land with a high CSR is bringing top dollar still today, again if your auction is properly marketed and conducted you can still realize top of the market farmland prices.

Are you considering selling a farm in Iowa this season its important you give us a call at DreamDirt Farm & Ranch Real Estate to help you understand the value of your property and create a professional marketing plan that will help you achieve your farm’s full value.

To contact us call Toll Free (855)376-3478 or click fill out this farm Selling Farmland in Iowa

Jason Smith is the licensed real estate broker and principal auctioneer at DreamDirt Farm & Ranch Real Estate at 101 S. Noyes Street Mondamin, Iowa

7 Things: How To Choose An Auctioneer To Sell Your Farm

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How To Choose An Auctioneer To Sell Your Farm

For weeks this post has rolled around in my head, several times I committed points to paper only to scratch one and add another.  I wanted to be sure I covered the most important points.  It was only supposed to be 5, then it was 10 but I narrowed it to only the 7 very most important topics.  In the end hopefully you’ll better know the questions to as of the auctioneers you are considering to ensure you have picked the right company for the job.

1.  Not All Auctioneers Are Equal: When it comes to methods, we are all different, this is really what sets auctioneers apart.  When I say methods I am talking about how the actual sale is conducted.  I’ve had sellers ask me “why would I pay you a commission when I could just do it myself, I don’t have to be able to talk fast to get up in front of a crowd to ask for bids”  Lets be honest, if it was that simple, wouldn’t everybody do it?  I’ve in fact seen people try it thinking it was easy, and they got an hard lesson in the value of a professional auctioneer.  People tend to forget, people do not come to auction to pay top dollar.  Every buyer in the crowd is there to buy it as cheap as possible.  Until you have sold thousands of acres of farmland like we have you’ll have no idea how to act, what to say, when to say it, and all of the other things that must be done.  An auctioneers methods are his/her “secret sauce”  it is sort of like the Colonel’s 11 secret herbs and spices.  Its learned over time with a lot of experience, hundreds and thousands of hours of practice.

2. Not All Brokerages Employ An Auctioneer And Not All Auctioneers Are Licensed to Sell Real Estate: Despite the fact that may companies have added the word “Auction” to their name in recent years, they have no auctioneer on staff.  Their websites will even boast their prowess in the auction world.  Realize this is about market share, picking up an extra commission here and there.  Some may have a very very part time auctioneer they will pay a small fee to call your sale, but that is rare.

Another important point to consider, not all auctioneers are licensed to sell real estate.  Some auctioneers without a real estate license sell farms but the restrictions on such a sale make it difficult in my opinion to provide effective service to a client.  In fact, it became necessary for the State of Iowa to clarify the rules in 2012 and boost the penalties.  You can read about that here.  Is it important to you that the auctioneer selling your farmland real estate be licensed to sell real estate and have the full ability to market, show and close your farmland transaction?

3.  Not All Auctioneers Sell Farmland:  There are many auctioneers across Iowa, and most of them will take your listing if they can get it but if you are looking for an auctioneer that sells farmland and is good at selling farmland you’ll need to do some digging and question asking to find out.  I know many auctioneers that have never sold a farm in their entire career, but they would love for your farm to be the first.  Is it important that the auctioneer you choose have experience in selling farmland?  Would you trust a surgeon doing his first surgery?  Would you hire a carpenter to build your home if you knew it was his first build?

Farmland Auctioneers in iowa4. Not All Auction Companies Have The Same Resources:  At DreamDirt we’ve built many resources over the years.  These resources include contacts all around the state, buyers from around the nation, marketing and advertising resources such as mailing lists, email lists, websites, subscriptions and even physical resources such as auction sound toppers, tents, tables, trailers, technology, signage, mailing and many more things.  At DreamDirt long ago we decided to be the best at what we do, we have invested heavily in the resources that help you be more successful, resources that help you sell fast, higher and with the least amount of stress.

5.  Farm Management Companies Are Good At Managing Farms:  I love my farm management friends, they are good at what they do, they manage farms that is their primary business.  Somewhere along some of them decided to sell farmland, why not?  They have a captive audience and it would make a nice secondary income right?  Maybe that’s a fit for you? Consider this though, when you want an auctioneer that will do the best for you and have no competing interests, an auctioneer who does farmland auctions as a primary activity with no secondary activity would you do better?

6.  Bigger ISN’T better, Bigger is “Cookie Cutter” Auctions:  I had a client that was considering our services tell me “we are looking at a bigger company, I just think they will be able to do a better job”  I was lucky to have that opportunity and I was glad they shared that perspective with me when they did.  In the end they hired us to conduct their sale and I’ll share why they made that decision.  Large auction companies lack flexibility in many ways medium and small companies don’t.  Large auction companies enjoy “big reputations” and all the luxuries that come along with that.  Their sales volume puts them in front of a lot of people, they get more opportunities to sell which just continues to snowball.  When you stop and think about it though, the majority of the time your sale is being handled by a person that won’t even be at your auction, probably have never attended many auctions.  Through the marketing and inquiry phase your asset is being handled by an office worker that is stamping out your auction exactly the same what the last one and the next one will be stamped out.  The exact same things are done for each one of them. Your auction does not always have trained eyes on it as many of the tasks are pushed off to others to oversee until auction day when the auctioneer will arrive.  This keeps their costs down, maximizes the company profit.  When auction day arrives you’ll be dealing with an auctioneer that might be getting a flat fee for calling the sale and no interest in doing a “great” job and if he is a commission auctioneer he probably going to sell 3 farms that week, will he be hungry enough to do a “great” job on your sale?    Do you want individual attention every step of the way?  Do you want your calls answered?  Do you want to ensure that trained eyes are directing the presentation of your assets every step of the way?  I bet you do, but if a cookie cutter auction is fine with you then I won’t say it will be a disaster, but it won’t be as good as it could have been!

7 Full Service Isn’t Always Full Service If You Know What I Mean:  One of the most misleading statements I’ve seen in auction advertising is this “We are a full service Auction Company”  Just what does full service mean?  I suppose to everybody it could be something different.  To some full service auctioneering is providing the auctioneer, clerk and cashiers for the sale.  To some it is providing real estate brokerage services and auctioneering services is full service.  To us, its all of the above plus being flexible enough to pick up every possible loose end.  I’ll give you a few examples.  Recently a client from another state was flying to Iowa to sell his family farm of 70 years.  When he arrived at the airport in Des Moines, we were there to give him a ride to the farm 100 miles away.  The next day when the old farm pickup would not start we were there to give him a ride to get a new battery.  In fact, our presentation crew completely cleaned the entire house, washed the windows and made every asset shine.  For another client that lived out of state our crew met them onsite and then spent 4 days pulling every item from 2 barns, power washing them and photographing them for the sale.  Its not uncommon when we sell a farm to have other assets that are sold at the same time, that might be machinery, or household contents, perhaps a home and outbuildings.  The largest auction companies in Iowa will only sell your farmland, they realize that’s the asset with the most value.  We won’t leave you hanging, we are full service and will ensure every lose end is tied for you when we finish.  To us, that’s what a full service auction company does… literally everything that has to be done.  We pride ourselves on making selling easy.

Selling farmland in IowaChoosing an auctioneer is something most people will very rarely every do in life.  Its usually a task nobody wants to be faced with.  If you do not live your entire life everyday inside the auction business it will be very hard for you to tell the difference from one auctioneer to the other.  We ensure that every seller gets an auctioneer that fits them and is there with them literally every step of the way.  Our auctioneers are responsible for every facet of their clients sale and responsible for the constant oversight of it, and they have the tools to

Every client we have worked with has different parameters that are important to them, we have built off of their requests and built an auction company with a primary responsibility of being auctioneers.  We specialize in farmland and farm assets.

If you want to visit with somebody about selling farmland in Iowa, or a farm estate please call us today at (855)376-3478

Iowa Drought Designations Improve Again

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Iowa drought designations again improved in this weeks drought monitor.  Late winter snowfall along with heavy precipitation during the early Spring have quickly begun erasing color from the drought monitor.  This graphic shows the change in drought across the entire state since December 4, 2012.  In today’s new report you can see a large portion of eastern Iowa, over 1/3rd of the state has returned to normal.

You can read my most recent post Iowa Drought Outlook 2013 from a few weeks ago.

iowa drought conditions

Click the image to see a larger version

As I said in my last article, improvement in drought conditions in April do not guarantee we’ll make it through 2013 drought free.  It does guarantee a better soil moisture reserve for 2013 planting and it does negate some of the enviromental impacts from the 2012 season.  Having a positive current precipitation pattern is a positive sign that things will continue in the same fashion, but certainly does not guarantee it.  In fact there are multiple examples of years with a very wet April, yet extreme heat and drought later in the summer.  Those years include 1947 and 1976.  Even last year in 2012 Des Moines had 5.89 inches of precipitation in April, yet ended the year in a record drought.  It should be noted that western Iowa did not experience a wet April 2012 as the drought had already moved into western Iowa by that time.  In fact our rainfall on the farm in April 2012 was 4/10th for the entire month.  The drought was moving east at that time and caught central and eastern Iowa after that.  As the drought reverses its moving from east to west… meaning western Iowa will have the most harsh enviromental impacts as it has weather an additional 8 months of drought at this point.

What has this meant for farmland prices so far?  Up to this point I have yet to see one example of how the drought has affected farmland prices even slightly.  There are a few examples of flooding affecting farmland prices from 2011 in western Iowa but to date I’ve not found an example of drought affecting farmland prices.

How To Sell Farmland In Iowa

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I often get phone calls from folks that want to know how to sell farmland in Iowa.  Selling farmland is my life, its all I do for a living so you’ve come to the right place.  I am writing this article to break down the basics for those that are new to selling farmland or those that have never had exposure to selling farmland in Iowa.

There are several different ways to sell farmland in Iowa and it will depend on how you own the farmland.  In many cases you might own the farmland as an “undivided interest”  If you and the co-owners are in agreement to sell then you should not have to many problems.  If your co-owners are not in agreement to sell an undivided interest farm in Iowa then you’ve got some complications and your options for selling change.

sell farmland in iowaFor the purposes of this article I’m going to assume you are all in agreement to sell the farmland and you’re looking at your options.  Here are the 3 most common ways to sell farmland in Iowa.

  1. Outright without an agent or auctioneer.  In this case you are less likely to recieve full market value for the property.  Its no secret, this is the way to buy farmland.  This happens in many cases where the owner sells directly to the renter out of a feeling of obligation, to avoid paying commissions, pressure from the buying party or because its easier to avoid dealing with a listing or auction.  This in my opinion is the least appealing way to sell farmland in Iowa.  It may be the easiest but you can count on discounting the farm anywhere from 30-50%.  I just do not see these sales bring market value and you are at a huge disadvantage in the negotiation procress because you are less likely to understand current market conditions, comparable recent sales or the value of your farmland.

  2. The next way is to list your property with a farmland real estate agent.  In this case your farm will be treated as a regular real estate listing by the land broker.  Buyers will come forward and make you offers to purchase your property.  The buyer will set the terms they offer you and of course you can offer terms back to them until you come to agreement.  This is not a bad way to sell your farmland in Iowa   In this case your farm will be treated as a regular real estate listing by the land broker.  Buyers will come forward and make you offers to purchase your property.  The buyer will set the terms they offer you and of course you can offer terms back to them until you come to agreement.  This is not a bad way to sell your farmland in Iowa, but its not opitmal because the buyer holds the advantage of having no pressure to act immediately.  There is no sense of urgency and listings are often treated by buyers with the sentiment “I’ll keep an eye on it and wait them out”  There will be the lingering question of why the farm was not sent to auction which is most common in Iowa.  I do take farmland listings and have been successful in selling them, but again I see them discounted below auction prices to make it happen and of then you’ll pay a higher commission for the additional work included and all of the back and forth negotiation, paperwork preparation for multiple buyers and continious advertising.

  3. Finally farmland auctions are what I consider the king of “How to Sell Farmland in Iowa”  The auction method of marketing is flexible, its transparent, it creates a sense of urgency and the seller controlls all of the terms of the auction.  It is a “time specific date certain” marketing method.  This means you know the exact day the farmland will sell and under what terms it will sell.  There are no open questions.  The bidding event for live auctions is transparent, everybody can see what everybody is doing and you create competition for the property where bidders bid until they have reach the top of what they are willing to pay.  Auctions also have the ability to be conducted as a sealed bid auction, or an online auction, or a simultaneous online live auction.

We are licensed real estate agents and auctioneers both, we handle both farmland listings and auctions and would enjoy the opportunity to consult you, even in the event you are considering selling directly to a tenant or neighbor to show you the value of your farm and help you understand where you should be pricing your farmland.  We offer a great deal of information on our Iowa Farmland Values map here at DollarsAndDirt.com and we are always available to answer any questions you may have.  Use the Contact page to get in touch with us or call 712-592-8965.

 You should also read these articles on Dollars And Dirt

  1. Is Iowa in A Farmland Bubble

  2. Auctioneer Jason Smith on Fox News

  3. Auctioneer Jason Smith on NBC’s Rock Center with Brian Williams

  4. Is It a Good Time to Sell Farmland In Iowa?

  5. Reviews from past sellers

Iowa Farmland Prices

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According to the Chicago Federal Reserve Iowa farmland prices increased 20% in the 2012 year with noted momentum at the end of the year.  During the period of October 1 to January 1 2013 Iowa farmland prices rose 8%, nearly half of its total 20% value gain in 2012.

iowa farmland prices

The annual increase in “good” farmland values was 16 percent in 2012 for the Seventh Federal Reserve District which includes Iowa.  The district includes Iowa, Illinois, part of Wisconsin, Indiana and Michigan.  The report noted that while there was a 16% incease in Iowa farmland prices it was still lower than the increase in 2012 and the 3rd largest increase since the late 1970’s, a reference to the farm crisis of the 1980’s which has largely been debated given current increases in farmland prices and the continued thought by some that we are in a bubble that could pop absent even one of the legs propping up the farmland market.

The report breaks down Iowa different than we do using Iowa’s crop reporting districts but the graphic above shows you Iowa’s breakdown by the reserve.

Western Iowa’s region area 1 gained 20% during the year and 5% in the last 3 months of the year.

Area 2 takes in parts of northwest, north central and central Iowa.  This area saw 22% gain during the year and 7% in the last 3 months of the year.

Area 3 takes in the whole south central Iowa along with parts of southeast and west central Iowa crop reporting districts.  In this area they saw 12% grain with half or 6% of that coming in the final 3 months of the year.

Area 4 inclues parts of southeast, east central and central Iowa.  This area had the largest increase of 24% on the year with 12% of that coming in the last 3 months.

Area 5 takes in parts of north central iowa and northeast Iowa where they saw 20% gains and again half of that or 10% coming in the final 3 months of the year.

I think this report hits at an answer to a question I am often asked.  “When is the best time of year to sell a farm?”  Thats a difficult question to answer and not every year is the same but in 2012 holding until the fall or early winter time period would have been best given the value increases we saw October through December.  One can speculate that that pace continued into January which we will not see the data for another year yet.

Farmland Appraisers in Iowa

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If you are looking for farmland appraisers in Iowa I’ve got a few resources that may be helpful to you but first a question.  Why are you looking for a farmland appraiser?

Many sellers get an appraisal on a farm before they contact an auctioneer or agent to sell their farm.  Nobody ever has a great answer for why they do that, but most say “I just thought that is how you do it”  That makes sense I suppose, people want to have an idea of what their asset is worth before they go forward and make the decision to sell or retain the asset.  I understand that some may want to keep their agent or auctioneer honest and that makes sense to but there are still other ways.

In reality most of the time its probably not really necessary to have an appraisal done.  Having an appraisal done can actually hinder you in a couple ways.  One of them is having the appraisal done in the fall and expecting to sell in the same year.  Having the appraisal done delayed your phone call to the agent or auctioneer and by the time you called you were in to tight a time frame to sell during the tax year you wanted to.Value of farmland in Iowa

If its an opinion of value you are looking for we can provide that service for you to help you prepare for the sale of a farmland property.  We may still find it necessary to bring an appraiser in.  There are situations with estates, undivided interest ownership, taxes and more that could require the use of an official appraisal.

Right here on the DollarsAndDirt website you can easily get information on averages for each and every county.  Click on our Iowa Farmland Values map, or click Iowa Map above and find your county.

Below are some appraisers from the Appraiser Institute of Iowa in different parts of Iowa should you need to have an appraisal completed.  If you can not find one near your area contact me to help you find one if the area you own farmland.

Appraisers in North Central Iowa

Brian D. Skow
Growthland Realty Inc
1012 12th Street North
PO Box 738
Humboldt, IA  50548

Thomas L. Terwilliger
Appraisal Associates of Algona
5 E. Call
Algona, IA  50511
515-341-3347 Cell
515-295-3204 Fax

Appraisers in Central Iowa

James L. Brockbank, SRA
3206 Aurora Avenue
Des Moines, IA  50310
515-988-2264 Cell
515-270-8104 Fax

Jennifer Babb
Nelsen Appraisal Associates Inc
10580 Justin Drive
Des Moines, IA  50322
514-441-6309 Cell
515-276-9303 Fax

Douglas K. Van Dyke
Van Dyke Appraisals
1263 217th Lane
Boone, IA  50036
515-432-5980 Fax

Don (Donovan M.) Lerdal, SRPA, SRA
451 NE Pinehurst Circle
Ankeny, IA  50021
515-963-9135 Fax

James A. Deppe
Mid Iowa Appraisals
607 Ash Ave
Ames, IA  50014
515-250-5923 Cell
515-292-4283 Fax

Steve C. Helm
Dallas County Assessor
801 Court Street, Room 204
Adel, IA  50003
515-993-5822 Fax

Richard W. Hughes, MAI, SRA
915 South 12th St.
Adel, IA  50003
515-822-2506 Cell

Appraisers in East Central Iowa

Kyran J. Cook, MAI
Cook Appraisal
1580 Mall Drive
Iowa City, IA  52240
319-351-0563 Fax

Mardi Burmeister
19799 240th Street
Davenport, IA  52807
563-340-3593 Cell

Anthony Quartell
A J Quartell Appraisal
1268 Florence Avenue
Clinton, IA  52732
563-244-0742 Fax

Eric M. Lines
Rally Appraisal LLC
2535 Tech Drive, Suite 108
Bettendorf, IA  52722
563-823-0131 Fax

Appraisers in Northeast Iowa

Shauna E. Elmer-Gehring, SRA
Professional Real Estate Appraisal Inc
445 School Street
Waukee, IA  50263
515-419-6076 Cell
866-501-7903 Fax

Stacie Sue Cooper
Preferred Appraisal Service
3119 Locust Road
Decorah, IA  52101
563-568-7373 Cell
563-568-2588 Fax

Christopher D. Burke
Eastern Iowa Valuation
PO Box 5483
Cedar Rapids, IA  52406-5483
319-360-1520 Cell
319-377-7070 Fax

George R. Davis, Jr.
Appraisal Resources Company
1500 2nd Avenue SE, Suite 108
Cedar Rapids, IA  52403
319-551-4059 Cell
319-369-9853 Fax

Jeffrey W. Frese
Appraisal Resources Company
1500 2nd Avenue SE, Suite 108
Cedar Rapids, IA  52403
319-369-9853 Fax

Appraisers in Southwest Iowa

Paul Eckhoff
Eckhoff & Company LTD
1413 North Elm
Creston, IA  50801

Appraisers in West Central Iowa

Alan Dean Fara
Agrecom, Inc
701 Highway 30 West, PO Box 63
Dunlap, IA  51529
712-643-1600 Fax

Forrest W. Pearson
Guthrie County Assessor
200 North 5th Street
Guthrie Center,   50115
641-891-2880 Cell
641-747-8206 Fax

Appraisers in Northwest Iowa

Mary Ann Kannenberg
Nortwest Iowa Appraisal Associates, LLC
PO Box 613
Spencer, IA  51301
712-330-6301 Cell
712-335-6867 Fax

Amanda M. Luscombe
Luscombe Appraisals
2023 Dodge Avenue
Holstein, IA  51025
712-371-3460 Cell
712-365-4801 Fax

Ed Gordon
126 7th Street SE
Le Mars, IA  51031
712-541-1630 Cell

Appraisers in Southeast Iowa

Emily R. Kann
Jensen & Jennings LLC
115 South Locust Street
PO Box 63
Winfield, IA  52659
319-530-9736 Cell
319-257-6692 Fax

Jeff Shannon
Hawker Appraisal Services
4322 Pintail Drive
Marion, IA  52302

Iowa Farmland Prices Website

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We have undertaken an aggressive project here at DollarsAndDirt.com putting together the first nearly real time resource on Iowa farmland prices across the entire state.  I think we are building a resource thats helpful to many different people including landowners, farmers, real estate agents, auctioneers, investment companies, appraisers, reporters and the curious.

There was a need for such a website and because we deal with land prices and see many farmland appraisals in Iowa it was a no brainer for us to put it together.  There are many misconceptions about land values, some low, some really really high.  I have more than once gotten a phone call from a farmer that was trying to reason with a landlord that felt rent should be doubled because the landlord had been reading the newspapers.  On the opposite side I’ve gotten the calls from the landowners griping because the stubborn farmer won’t budge on rent.  Now you can find real life averages and values quickly all on one website.

Iowa Farmland Sales website

We want to extend an invitation to everybody to provide recent sales information as well as highest sales information.  If you have been to a sale recently let us know about it, if you know the highest sales price in any county or can correct any highest sales price on our website please let us know.  You can just click the “CONTACT” link above and fill in the information.  We greatly appreciate any effort on your part.

Iowa Farmland Prices

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Iowa Farmland Prices continued their steep increases through 2012.

Below are graphics from the Iowa Land Value Survey by Michael Duffy at Iowa State University.  These slides show Iowa farmland values to November 1, 2012.  I grabbed some of the slides from the presentation to share here.  Below you will run into High, Medium and Low grade farmland.  For years I’ve attempted to get a solid definition of each class of farmland and as far as I am aware at this point there is not an official definition available.  I have been told that its based on CSR and 0 to 33 is low grade, 34-66 is medium grade and 67 to 100 is high grade farmland.  I suppose that makes sense when based on whole farm CSR, not the CSR of just the cropland.

We sell farmland around the entire state of Iowa.  If you want an evaluation of your farmland for auction or listing be sure to give us a call or click the “How Much is My Farm Worth” link to the right and fill out the form to get us working on your evaluation. 

For more detailed information on farmland values in your county you can go to our Iowa Farmland Values map and click on the county your farm is located.  You’ll find a great deal of detailed information there on that specific county.

iowa farmland pricesA color coded graphic of farmland values in the state of Iowa.  As you can see from the 4 colors on the graphic farmland prices are highest in northern Iowa, lowest in southern Iowa.  The highest priced farmland in Iowa is in the northwest corner creeping into central Iowa, while a large portion of Iowa is in the orange color from west central across central and consuming most of north east Iowa.  The grey and yellow color representing the lowest values predominates southern and south central Iowa.  These areas tend to have lower CSR, more pasture, hillsides and timber.  These areas can still have a high CSR farm that sells at northwest Iowa prices, especially some of those river bottom fields that are flat, mostly tillablle with high CSR’s.

average price high quality farmland in iowaThe best farmland in the state now averages $10,181 per acre.  “The Best” farmland is concentrated in northern Iowa into central Iowa, however “the best” can be found in every county of the state.

average price per acre medium grade farmland in iowa

Medium grade farmland which is likely the bulk of Iowa farmland now averages $7,773 per acre.  Again you can find medium grade farmland all across the state, probably the largest class of farmland in the state medium grade farmland

farmland price per acre low quality iowaLower grade farmland now averages $5,119 per acre acre.  I hate to use the phrase “low grade farmland” when referring to Iowa farmland.  Iowa’s lowest grade farmland is still much much better than some states highest grade farmland.  That said we have to have some measurement within the state.  Much of what is considered low grade in Iowa is poorly drained, more slope

average price per acre farmland northwest iowa

average price per acre farmland north central iowa

average per acre price of farmland north east iowa

average price of farmland western central iowa

average price per acre farmland central iowa

average price of farmland in eastern central iowa

average price of farmland in southwest iowa

average price per acre of south central iowa farmland

average price per acre of southeast iowa farmland

South Central Iowa Farmland Prices

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South central Iowa farmland prices increased 26.4% in 2012.

South central iowa farmland prices

South central Iowa farmland prices took a big increase in 2012.  This is an area I have said for years held some value that would eventually start to close the gap between some southern areas.  5 of the 9 crop reporting districts had lower percentage increases in 2012.  South central Iowa is an area that many counties lost population in during the 2000 census, and have since the farm crisis struck Iowa in the 1980’s.  This is not be true of the northern side of this crop reporting district closer to Des Moines but is true of the southern portion.

South central Iowa is well known for its Iowa hunting land.  A very popular destination for recreational land investors and highly promoted by the outdoor television industry and recreational land brokerages for its “wildlife potential” versus its soil fertility once drove a high number of buyers to this area that purchased land that was suitable for hunting, typically from an agricultural perspective the “lowest quality” farms.  These farms were typically not heavily tillable, may have been old pasture farms or farms with good wildlife habitat.  I don’t have exact figures but my experience selling farms in this area tells me that south central Iowa probably has the highest percentage of non-resident owners of any area in the state.  In fact the world record buck was shot in Iowa in this district in Monroe County!  It does produce great whitetail deer and is a great lure to residents and non residents alive for its trophy potential.

farmland prices in south central iowa

CSR’s in this area generally increase from south to north, being better on the northern end of the district but I have seen middle 80’s CSR farms in Decatur County.  The riverbottom soils on good flat farms in this area can be exceptionally good and a real value to the buyer that can buy at a lower CSR point than northern Iowa, but they still sell well above the averages for the region.

DollarsAndDirt is a unique wesbite, the only one of its kind featuring south central Iowa farmland values as well as the entire state of Iowa. Each county features:

  • Highest sale price

  • Average farmland prices county by county

  • Average County CSR

  • Average farmland value per CSR point

  • Rent spreads from low to high

  • Average farmland rent per CSR point

  • Recent land sales and auction results

  • Much more

Counties in the south central Iowa Crop Reporting District include the following.

(Click a county to go directly to its page on farmland values.)

Considering selling farmland in south central Iowa?

We are auctioneers in Iowa and we sell farms all over the state of Iowa including the south central region.  Our staff is always ready to help you.  Take a look at what others have had to say about us on the Reviews page.

When marketing a farm you have options to choose from in selling a farm. We have the ability to sell your farmland for you in several ways or a combination of ways.

  • Live Auction

  • Private Treaty Listing

  • Offered to our investors pool for immediate offers

If you are interested in learning what your farm assets will achieve at auction or private sale you can click box to the right “How much is my farm worth”.  We will evaluate your farm and prepare a free and confidential price opinion on your farm. In addition we will also outline a marketing strategy for your farm or assets that will achieve the best and highest offer for your farmland or machinery.  Call Jason Smith, Auctioneer at (712)592-8965