Iowa Farmland Sales Update

May 31, 2021

May 31, 2021
Rachel Tiffany
Auction, Farmland Prices, Farmland Worth, Iowa Farm
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May 27th – May 31st

Let’s wrap up May Iowa farmland sales! According to, the Land Talker Jim Rothermich, there were 2,418 acres auctioned in May 2021 in Iowa which is more than the last two years in May. More Iowa landowners are looking to sell since prices are strong and high! It’s looking like June will bring many land auctions. I’m guessing the next few months will bring record breaking prices for farmland sales. Check out these recently sold farmland auction prices!

Palo Alto County, IA 80.43 acres Farmland Auction

City: Ayshire, IA
Live and online auction at: Ayshire Community Center
80.48 acres
97.6% tillable
Sold for $11,800/acre
79.1 CSR2
$149.18/CSR2

Dallas County, Iowa 149.01 Acres Farmland Auction

City: Woodward, IA
Online Only Auction
149.01 Acres
94% tillable
Sold for $12,500/acre
86.60 CSR2
$144.34/CSR2

Cherokee County, Iowa 109.33 Acres Farmland Auction

City: Cherokee, IA
Live Public Auction held at Cherokee Community Center
109.33 acres
100% tillable
Sold for $14,300/acre
95 CSR2
$150.53/CSR2

Crawford County, IA 515.42 acres Farmland Auction

City: Denison, IA
Live auction held at Denison Livestock Auction
Sold in 5 tracts
- Tract 1 – 153.34 acres
  - Sold for $14,500/acre
  - 100% tillable
  - 84.7 CSR2
  - $171.19/CSR2
- Tract 2 – 61.84 acres
  - Sold for $12,000/acre
  - 75% tillable
  - 73.3 CSR2
  - $163.71/CSR2
- Tract 3A – 79.74 acres
  - Sold for $11,200/acre
  - 91% tillable
  - 67.2 CSR2
  - $166.67/CSR2
- Tract 3B – 18.51 acres with CRP
  - Sold for $92,000
- Tract 4 – 114.74 acres
  - Sold for $7,600/acre
  - 84% tillable
  - 70.4 CSR2
  - $107.95/CSR2
- Tract 5 – 87.25 acres
  - Sold for $6,800/acre
  - 75% tillable
  - 59.7 CSR2
  - $113.90/CSR2

If you’re curious about selling land and want to learn more – fill out my questionnaire to get started today! Recently, I wrote a blog about 5 ways you can save money when selling farmland that you might be interested in reading too!

Iowa Farmland Sales Update

May 26, 2021

May 26, 2021
Rachel Tiffany
Farmland Prices, How to Sell Land, Land Brokerage
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May 3rd – May 26th

Hello! A lot has happened in the last 3 weeks since my last farmland market blog! Currently, there are 409 active listings in Iowa with an average listing price of $7,802/acre! Three land auctions coming up this week in Dallas County, Palo Alto County, and Cherokee County. I’ll post results from these auctions in next week’s blog. Here’s sold prices from the last three weeks auctions! The land market is still incredibly strong and right now is a great opportunity to sell if you’ve been think of doing so! Get started today by filling out my short questionnaire.

JEFFERSON COUNTY, IOWA 207.56 ACRES ABSOLUTE FARMLAND AUCTION

City: Fairfield, IA
Live Auction Held at Activities Building on the Fairfield Fairgrounds
Sold in 2 Tracts
- Tract 1 – 135.01 acres
  - Sold for $8,400/acre
  - 92% tillable
  - 64.05 CSR2
  - $131.14/CSR2
- Tract 2 – 72.55 acres
  - Sold for $8,000/acre
  - 97% tillable
  - 63.9 CSR2
  - $125.20/CSR2

HENRY COUNTY, IOWA 76 ACRES FARMLAND AUCTION

City: Windfield, IA
Online Only Auction
75.68 surveyed acres
100% tillable
Sold for $13,750/acre
84.7 CSR2
$162.34/CSR2

JEFFERSON COUNTY, IOWA 118.87 ACRES FARMLAND AND HOME AUCTION

City: Fairfield, IA
Timed Online Auction
Sold in 3 Tracts
- Tract 1 – 37.87 acres
  - Sold for $12,200/acre
  - 96.2% tillable
  - 74.2 CSR2
  - $164.42/CSR2
- Tract 2 – 78 acres
  - Sold for $13,050/acre
  - 98.8% tillable
  - 78.5 CSR2
  - $166.24/CSR2
- Tract 3 – 2 Story Home with 2 acres
  - Sold for $140,000
  - Built in 1900
  - 2,052 sq ft
  - 3 bed, full bath
  - Sheds, barns
  - Grain bins

PLYMOUTH COUNTY, IOWA 41 ACRES PASTURE LAND and ACREAGE AUCTION

City: Hinton, IA
Live and Online Auction, held at farm 28224 South Ridge Road Hinton, IA 51024
Sold in 2 Tracts
- Tract 1 – 37.87 acres
  - Sold for $8,100/acre
  - Pasture acres
  - 45.6 CSR2
  - $177.63/CSR2
- Tract 2 – Home and Acreage 6.7 acres
  - Sold for $150,000
  - Single story, built in 1920
  - 2 bedroom
  - 1,176 square foot

PLYMOUTH COUNTY, IOWA 190 ACRES DEVELOPMENT LAND AUCTION

City: Merill, Iowa
Live and Online Auction, held at farm 2801 C-44 Merrill, IA 51038
Sold in 4 Tracts
- Tract 1 – 135 acres
  - Sold for $8,500/acre
- Tract 2 – 33 acres
  - Sold for $10,100/acre
- Tract 3 – 22 acres
  - Sold for $6,600/acre
- Tract 4 – 4 acres with living quarters, storage and grain handling facility
  - Sold for $575,00

HARRISON COUNTY, IOWA 100 ACRES ABSOLUTE LAND AUCTION

City: Woodbine, Iowa
Online Only Auction
43.76% tillable
Sold for $8,550/acre
60.9 CSR2
$139.57/CSR2

PAGE COUNTY, IOWA 39 ACRES RECREATIONAL LAND AUCTION

City: Clarinda, IA
Online Only Auction
With new cabin
9 acres of CRP
Sold for $4,600/acre

DALLAS COUNTY, IOWA 81 ACRES FARMLAND AUCTION

City: Redfield, IA
Live and online auction held at: Redfield American Legion
Gas storage lease
99% tillable
Sold for $13,750/acre
88 CSR2
$156.25/CSR2

Check out DreamDirt’s current auctions here!

Iowa Farmland Auction Update

May 5, 2021

May 05, 2021
Rachel Tiffany
Farm Estate, Farmland Prices, Land Brokerage
No comments yet

Week of April 26th – May 2nd

Hi everyone! There were only two farmland auctions this week in Iowa. We are starting to see fewer auctions each week leading into the late spring/early summer crops now that everyone is getting crops in the ground. Here are the results from both farmland auctions:

Dallas County, IA 83 Acres Farmland Auction

City: Adel, Iowa
Live Auction Held at Redfield Legion Hall
83 acres near KAO Campground and I-80 interstate
72% tillable
Sold for $10,800/acre

Muscatine County, IA 349.51 Acres Farmland Auction

City: Nichols, Iowa
Live Auction Held at Lone Tree Community School Wellness Center
Sold in 5 Tracts
- Tract 1 – 70.87 acres
  - Sold for $9,500/acre
  - 92% tillable
  - 74.1 CSR2
  - $140/CSR2
- Tract 2 – 85 acres
  - Sold for $10,000/acre
  - 94% tillable
  - 76.7 CSR2
  - $139/CSR2
- Tract 3 – 86.6 acres
  - Sold for $8,200/acre
  - 92% tillable
  - 68.9 CSR2
  - $129/CSR2
- Tract 4 – 84.23 acres
  - Sold for $6,700/acre
  - Pasture
  - 66.5 CSR2
  - $100.75/CSR2
- Tract 5 – 22.81 acres
  - Sold for $8,150/acre
  - Development
  - 54.9 CSR2
  - $148.45/CSR2

April Total Farmland Acres Sold By Auction: 3,501 acres

Thoughts from Iowa Land Auctioneer, Rachel

Now that we are 4 months into 2021, we are starting to become more aware of how the rest of the year may fold out. Commodity prices were gradually increasing throughout March and April, and have really hit some high prices! We haven’t seen some of these prices since 2011!

Supply and Demand

Coincidently higher commodity prices = higher land values. More farmers are looking for more land to farm because of the rise in corn and bean prices; which drives demand up. However, there is still a shortage of available land for sale creating low supply. Now I’m not an economic wizard, but I did take a few economy classes at Iowa State University while in college and what I learned was; when there’s low supply and high demand that equals higher prices. Just like what we are seeing with land auctions right now.

Are you looking to finally retire from farming and would like to enjoy all your hard work? Have you recently inherited some land and looking to sell all or part of it? Needing to downsize your operation?

The key is, if you are slightly even thinking of selling farmland, do it now before everyone gets the right idea too! As a seller you want to sell while there’s still a low supply. Once more land comes to market in the Fall and after harvest, we might see a dip in prices than right now currently while supply is low.

So, if you’re thinking you want to sell now while the market is hot – I can help you adjust terms and conditions of your auction to reflect rent income or crop income for selling to a new owner half way through the crop season this summer.

I’ve been selling land for two and a half years now and have never seen such high land auction prices! I have the tools to help you sell land by live auction, online timed auction, or even listing at DreamDirt Farm and Ranch Real Estate, LLC. I can help you get started with the selling journey by creating a proposal and scheduling a free consultation with you! Fill out my questionnaire to get started!