Iowa Quarterly Auction Update

By: Iowa Land Company

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 2024. 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 average CSR2 value over the past 4 years! There were 231 land auctions across the state in the first quarter of 2024 which is right in line with the last two previous years when there were 234 land auctions in the first quarter of 2022 and 253 auctions in the 2023 first quarter. The average price per CSR2 fell slightly down to $172 per tillable CSR2 point which is a 2.27% decrease from last 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.



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.



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 2024?

There is more downward pressure than we have seen the last 36 months in agriculture. Current commodity prices are without a doubt the biggest influencer today, corn and soybean prices have retracted back to pre COVID prices. It’s going to be, without question, not near as profitable a year unless we see cash crop prices rebound. We also can’t forget to mention interest rates. The Fed has announced rates will be coming down in 2024 but we have yet to see any cuts. Over the years land price trends have followed commodity prices very closely. With that said, we feel land values will remain stable – slightly retract in 2024. Like all forms of real estate the best quality will show the least amount of decline and middle to low grade farms will be more influenced by current agriculture market conditions. All in all it’s still a great time to buy or sell a farm!

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


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.

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