Chickasaw County, Iowa Land Prices | Values
Happy New Year! Now is a great time to look back at the auction results from 2018 for Chickasaw County, Iowa. The average price of farmland that sold on auction in Chickasaw County was $6,304 an acre. More importantly, the average tillable price per CSR2 point is $103.99. I personally track all land auctions across the county. There were 10 public farmland auctions inside the county lines in 2018. The Results are as follows:
I used 8 of the 10 auctions that were brought to auction to determine the county average of $6,304 an acre. I disregarded the sale brought to the market on December 7th because the auction was a recreational tract consisting of all timber acres. The timbered acres sold for $1,650 an acre. I also disregarded the sale brought to the market on December 6thbecause the farm consists of mostly timber land and offered only 10 CRP acres. That farm sold for $1,450 an acre. The remaining 8 auctions were more than 80% tillable so they were all great comparatives when looking at what the value of tillable farmland is worth in the county. In my survey to come up with a county average farmland value for Chickasaw County, there were a total of 777.48 acres offered to the public. 689.45 acres of the total acres offered were cropland acres; therefore, the acres offered to the public were 97.32% cropland acres. The average CSR2 rating of the 8 tillable farms that were brought to auction that was more than 80% tillable was 68.36. Therefore, my calculations prove the current price per CSR2 point Chickasaw County is $103.99.
*For more details on these individual sales contact Land Broker Cody 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 I lean heavily on what public auctions have done over the past 12 months when evaluating a client’s farm. At public auction, 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 – $600 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 Chickasaw County farmland values are doing by visiting the latest 2018 Iowa State University land survey.
FREE Chickasaw County Farmland Appraisal
I offer a free farmland evaluation with no obligations to you as the landowner. My evaluations are detailed. The evaluation will describe to you how I came up with the value for your farm. I will work via phone or email while gathering the farm information I need to help calculate the value of the farm. You can call me on my personal cell (515) 443-6343 or email me directly at email@example.com to ask any questions about my 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 I have the resources to find most information I need to calculate the value to on any farm in Chickasaw County.
My Fiduciary Duty to Know the Market
I broker the sale farmland in Chickasaw County. It’s my fiduciary duty to know the market inside and out, so I can best serve my clients. I 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 75 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 me. I would be happy to help you liquidate your asset for the absolute most money your farm is worth.
Publish Date: 1/3/2019