2018 Cass County Farmland Auction Results

Cass County, Iowa Land Prices | Values

Hello All! Now is a great time to look back at the auction results from 2018 for Cass County, Iowa. The average price of farmland that sold on auction in Cass County was $3,400 to $5,100 an acre. More importantly, the average tillable price per CSR2 point range from $74.22 to $104.16. We personally track all land auctions across the county. There were 4 public farmland auctions inside the county lines in 2018. Sale volume was low and Cass County farmland is in HIGH demand. The Results are as follows:

 

Cass County Iowa farm real estate

We used all 4 auctions that were brought to auction to determine the county average of $3,400 to $5,100 an acre. The 4 auctions were both about 88% tillable so they were all good comparatives when looking at what the value of tillable farmland is worth in the county. In my survey to come up with a county averages farmland value for Cass County, there were a total of 529.42 acres offered to the public.467.56 acres of the total acres offered were cropland acres; therefore, the acres offered to the public were 88 % cropland acres. The average CSR2 rating of the 4 tillable farms that were brought to auction that was more than 80% tillable was 56.6. Therefore, my calculations prove the current price per CSR2 point Cass County is 86.13 for 2018. Many variables and sales volume in Cass County do not make this accurate for your farm. Please contact us to find our what your farmland is worth.

 

*For more details on these individual sales contact Land Broker Matt Skinner or Luke Skinner today.

 

Why Track Public Auctions to Calculate Land Value?

Nobody can argue buyers set the market for all assets. Farmland is no different. A farm is worth only what someone is willing to give for it. That’s why we lean heavily on what public auctions have done over the past 12 months when evaluating a client’s farm. At public auctions, everyone gets a fair chance to bid on the farm. Buyers will bid their absolute most and when they have hit their highest dollar amount. They typically go $200 – $500 more an acre because they can’t stand the farm they know they may only get one opportunity at in their lifetime is about to get away from them. You can also gain inside information on what Cass County farmland values are doing by visiting the latest 2018 Iowa State University land survey.

 

FREE Cass County Farmland Appraisal

We offer a free farmland evaluation with no obligations to you as the landowner. Our evaluations are detailed. The evaluation will describe to you how I came up with the value for your farm. We will work via phone or email while gathering the farm information We need to help calculate the value of the farm. You can call us on my personal cell Matt Skinner  (515) 443-5004 or Luke Skinner  (515) 468-3610 email us directly at matt@iowalandcompany.com  or luke@iowalandcompany.com   to ask any questions about our free farm appraisal. If you don’t know much about the farm you need an evaluation on that’s fine too. Don’t hesitate to call or email me. Being in the land selling business we have the resources to find most information we need to calculate the value to on any farm in Cass County.

 

My Fiduciary Duty to Know the Market

We broker the sale farmland in Cass County. It’s our fiduciary duty to know the market inside and out, so we can best serve my clients. We sell land both through a traditional listing and by offering the farm to the market via public auction. It’s important to understand that not one farm is the same and there are different buyers for every farm. Don’t think just because your farm has a 60 CSR2 your farm is worth X. Get professional help by someone that knows the neighborhood your farm is located in, what improvements your farm has, and what the latest sales have been nearest to your farm. If you’re considering selling farmland don’t hesitate to contact us. We would be happy to help you liquidate your asset for the absolute most value your farm is worth.

 

 

Publish Date: 1/8/2019

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Matt Skinner
Land Broker
Contact via Form
Contact the Author
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Luke Skinner
Land Broker / Auctioneer
Contact via Form

What Is Your Iowa Farm Worth?

Are you considering selling your farm and want assistance on gauging what your Iowa land is worth? You’re now in the right hands. We at Iowa Land Company are here to help you determine what we believe is the value of your farm because we use much than a CSR2 point to determine the value of your farm. Iowa Land Company doesn’t rely on a computer program to determine your land value because we know that if you’re considering selling your farm, it’s one of the largest financial decisions of your lifetime and like any harvest, a lot of work comes first so we want to give you our one-on-one traditional farmland evaluations.

IOWA LAND COMPANY DIGS INTO THEIR OWN RESOURCES TO VALUE IOWA LAND

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Farm Location

Location can be the biggest variables when calculating land value so it’s important to not over look this step.
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CSR2 Value

Yes we certainly do consider your Corn Suitability Rating (CSR2) value when giving our traditional farm appraisal because it is very important.
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Improvements

We want to hear your story. How has the farm been taken care of? Who has farmed the farm? Etc…
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Current Market

We look at what is currently on the market, how long similar farms have been on the market, for what price and how that farm compares to yours.
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Recent Sales

We have access to our in house sales report that we file per county. We keep a close eye on recent farms located near your farm.
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