We had yet another great auction sale in Northwest Iowa on February 28th at the Marathon Community Center with active bidding from local producers and investors looking to diversify their investment holdings. 

It is tough to determine market pricing with just 72 acres. That being said, we had around 10 active registered bidders on the farm with the final hammer drop of $7,250 per acre. The farm was bought by a farmland holdings company that owned land in the region. 

We have seen some volatility in the market in areas that have had more rainfall over the past 24 months. The wetter conditions have shown impact on yields in areas. In this specific area, drainage outlets and tile work plays the biggest role in land values. For more information on farmland values in Northwest, Iowa contact Iowa Land Companies local farmland brokers. 

Commodity prices and slim farm profit has been the driving factor of farmland values. Quality farms are still holding value for the most part. Ultra low interest rates and strong yields state wide are the factors keeping Iowa farmland values stable.    

Here is a short recap on the sale and an insight on how Iowa Land Company conducts farmland auctions.

For more information on farmland in Buena Vista County, IA contact local representatives Land Broker/Auctioneer Luke Skinner (515-468-3610) (luke@iowalandcompany.com) or Land Broker Matt Skinner (515-443-5004) (matt@iowalandcompany.com). Thank you for your time.