2019 Howard County Auction Results

Howard County, Iowa Land Prices | Values

What is the current price for farmland in Howard County, Iowa? $6,596 an acre is the average price for farmland in Howard County according to the latest 2019 Iowa State University Farmland Survey.

Every January I like to sit down and analyze the sales that were brought to market the previous year in the counties I broker the sale of land in because it provides me confidence I understand the local market when assisting clients sell their farmland. The average price of farmland that sold on auction in Howard County was $6,958 an acre. The average CSR2 of the farms brought to auction was 72.2. More importantly, the average tillable price per CSR2 point is $108. I personally track all land auctions across the county. There were 8 public farmland auctions inside the county lines in 2019. The Results are as follows:

I used 6 of the 8 auctions that were brought to auction to determine the average auction price of $6,958 an acre. The farm sold on November 7 had a farmstead included in the sale so it was hard to determine a true value of the dirt that was sold.  The farm sold in September was a recreational farm and it did not meet the sellers expectations therefore resulted in a no sale. In my survey to come up with a county average farmland value for Howard County, there were a total of 523 acres offered to the public. 437.1 acres of the total acres offered were cropland acres; therefore, the acres offered to the public were 95.08% cropland acres. The average CSR2 rating of the 6 tillable farms that were brought to auction that was more than 80% tillable was 72.2. Therefore, my calculations prove the current price per CSR2 point for Mitchell County is $108.

*For more details on these individual sales contact Land Broker Cody Skinner today.

Why we 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 Howard County farmland values are doing by visiting the latest 2019 Iowa State University land survey.

FREE 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 cody@iowalandcompany.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 Howard County.

Iowa Land Company Real Estate and Auction Services

I broker the sale farmland in Howard County for Iowa Land Company. 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: 1/21/2021