Iowa Quarterly Auction Update
Iowa Quarterly Auction Updates
Welcome to the latest edition of our quarterly auction updates in Iowa! In this post, we’ll review the number of auctions held over the previous quarter across the state and examine the current price per CSR2 point per tillable acre average.
Additionally, we’ll provide some valuable insights into the anticipated market trends for 2025. If you’re looking to buy or sell land in Iowa, stay tuned for a detailed analysis of the Iowa auction scene and what it means for Iowa farmland values moving forward.
The Quantity Of Auctions Per Quarter & CSR2 Average Value Statewide
This chart tracks the quantity of auction per quarter and the average CSR2 value over the past 5 years! There were 179 land auctions across the state in the first quarter of 2025 which is lower than years past where there were 231 land auctions in the first quarter of 2024 and 253 auctions in the 2023 first quarter. The average price per CSR2 fell slightly down to $171 per tillable CSR2 point which is only a 0.58% decrease from the 2024 1st quarter. Contact Iowa Land Company today if you would like more detailed information pertaining to any of the land auctions across the state.
Why Is Tracking Auction Data Important?
Tracking auction data is crucial for several reasons. It helps both buyers and sellers make informed decisions when buying and selling farmland. Here are some more key reasons why it’s worth reviewing…
Market Insights
Auction data provides valuable insights into market trends, including price fluctuations, demand patterns, and inventory levels. This information helps individuals make informed decisions regarding buying, selling, or holding assets.
Transparency
By tracking auction data, transparency in transactions is enhanced. It allows participants to assess broad fair market values, understand competitive bidding dynamics, and ensure equitable outcomes.
Risk Management
For owners, businesses and investors, monitoring auction data helps in assessing risk exposure. Understanding how assets perform in auctions can inform risk mitigation strategies and portfolio diversification efforts.
Confidence
Collecting our own auction data helps our land brokers, agents, and appraisers understand current market prices when evaluating farmland. We want our clients to feel confident that we understand the current farmland market when working with them.
Historical analysis
Over time, auction data forms a historical record of market behavior. Analyzing past auction results can reveal long-term trends, cyclical patterns, and correlations with external factors, aiding in forecasting future market movements.
What Are The Trends For 2025?
2025 could shape up to be volatile depending on how a few different influencers shake out. This year initially started the era of a new administration and the shift in policies. We would like to think agriculture is immune to political pressures but, that is not always the case. Tariffs and trade tensions could push the industry into a focal point of a potential trade war as we saw in the previous Trump administration (2016 – 2020). 2024 brought some cuts in the Federal Reserve rate which dropped interest rates slightly. We feel like the high cycle is in and we will see rates gradually continue to go down over time. We do believe the Covid-19 ultra-low rates are in the rearview and 5% might be the middle line on farm mortgages for the short term. Grain prices play a significant role in land market trends. Last summer into the fall we saw grain prices roll back to below profitability which put top-end pressure on land prices. Since then, we have seen some rallies in the markets and some stabilization in the broad markets. Demand is still strong both domestically and globally. The corn carried out is thinner than expected. Our eyes are on planted acres and planting weather. Our prediction is, that we see record corn acres and a shot at a record corn crop if the mid-season weather is consistent. Time will tell…..
Free Broker’s Opinion of Value or Farmland Appraisal
If you are interested in knowing what your Iowa property is worth, we offer a free broker’s opinion of value report for land in all 99 counties across the state. Get in touch with the broker that services the territory your property is located in by calling (515)962-5048 or emailing info@iowalandcompany.com.
If you would like a certified appraisal contact us today, we will be happy to put you in touch with an Iowa Land Company certified appraiser.
Iowa Land Company is a full-service farmland auction company that services in all 99 counties of Iowa. We transact all types of land in Iowa. Want to know what your land in Iowa is worth ? Get a | Free Farmland Evaluation (Click) | from one of the trusted agents at Iowa Land Company.
