Northwest Iowa Land Values | Farmland Auction Results

 

 

NorthWest Iowa Land Prices | Values

 

According to the Iowa State University 2020 Farmland Survey, Northwest Iowa land prices increased from $9,352 an acre in 2019 to $9,536 an acre in 2020. This was a $184 per acre or 2% increase. The average price of high quality farmland within this region (85 CSR2) is $10,757 an acre, the average price for medium quality farmland (76 CSR2) is $8,633 an acre, and the average price for low quality farmland (51 CSR2) is $6,099 an acre.

 

According to the fall 2020 Realtor Land Institute report, the average Northwest Iowa land prices of farmland is $11,083 per acre for high quality, $8,983 per acre for medium quality, and $6,339 per acre for low quality farmland. The average price for non tillable pasture is $3,252 per acre and $2,835 per acre for timberland for this region in Iowa.

 

The averages above for both reports are determined by interviewing agricultural professionals such as financial investors, brokers/realtors, county auditors, farm managers, and appraisers. 

 

According to Iowa Appraisal and Research Corporation 2020 recap report there were a total of 129 farms offered to the public via public auction in 2020 which is a slight increase from 2019 when 115 farms were brought to the market. A total of 12,944 of tillable acres were offered for sale in Northwest Iowa in 2020. The average price of farmland that sold on auction was $10,277 per acre which was up 8.2% from 2019 and the average price per tillable CSR2 point is $124 which is up $5 points from 2019.

 

 

Northwest Iowa Land Real Estate Company

 

Iowa Land Company Real Estate LLC specializes in the sale of land in Northwest Iowa. Our land brokers, appraisers, farm managers, and support staff track sales across Northwest Iowa which is crucial when evaluating a client’s property for them prior to offering the farm to the market. If you’re considering selling land, it’s important to understand that there is not one farm exactly alike so reach out to a trusted professional before offering your farm for a price per acre “average” dollar amount because you read somewhere the average price of land is selling for a certain price. 

 

To give you an idea of what Northwest Iowa land prices are and farmland prices per region pay close attention to the details below within our per county land auction results. Feel free to reach out to Luke Skinner or Matt Skinner, our trusted Iowa Land Company Northwest Iowa land brokers.

 

 

 

Lyon County, Iowa Land Prices | Values

Lyon County has seen an increase in sales volume. Good farmland is selling exceptionally well on auction. Like kind to Sioux County, smaller farms are offered. Many sales are split up and offered on a multi tract option allowing more buyer participation.     

 

According to Iowa State University Survey, the most recent average price of farmland near Rock Rapids, Iowa is $10,028 an acre which is up from last year in 2019 when it was $9,451 per acre. The average CSR2 in Lyon County is 75.1.

 

 

 

Osceola County, Iowa Land Prices | Values

 

Osceola County saw an increase in sales compared to 2019. Farms sold consistent to last year’s values. In October, a clean 160 brought $9,400 per acre. 

 

According to Iowa State University Survey, the most recent average price of farmland near Sibley, Iowa is $9,256 an acre which is up from last year in 2019 when it was $9,119 per acre. The average CSR2 in Osceola County is 86.3.

 

 

 

Dickinson County, Iowa Land Prices | Values

 

Dickinson County was flat in sales volume for 2020. Most sales took place prior to the current commodity rally. Mixed sales took place this year, location trumped all other data. There is a sale scheduled in early 2021 that might better determine market futures. 

 

According to Iowa State University Survey, the most recent average price of farmland near Spirit Lake, Iowa is $8,595 an acre which is up from last year in 2019 when it was $8,265 per acre. The average CSR2 in Dickinson County is 79.9.

 

 

 

Emmet County, Iowa Land Prices | Values

Emmet County, Iowa saw a lower volume of auction sales in 2020 compared to 2019. The one auction sale that was conducted was a lower quality far that brought $5,000 per acre. This farm was well below country average in soil quality. Every farm is different and unique in its own way. Farmland varies a lot in Emmet County due to soil qualities ranging from sand to loams. 

 

According to Iowa State University Survey, the most recent average price of farmland near Estherville, Iowa is $8,556 an acre which is up from last year in 2019 when it was $8,445 per acre. The average CSR2 in Emmet County is 77.2.

 

 

 

Sioux County, Iowa Land Prices | Values

Sioux County volume was slightly down over a 5 year average. I would say it was in line with the average. Many smaller tracts were offered showing prices ranging from $10,400 to $15,000 an acre. Sioux County is strictly location based when selling farmland. 

 

According to Iowa State University Survey, the most recent average price of farmland near Orange City, Iowa is $10,549 an acre which is up from last year in 2019 when it was $10,297 per acre. The average CSR2 in Sioux County is 85.3.

 

 

 

O’Brien County, Iowa Land Prices | Values

O’Brien County holds the highest CSR2 soil rating countywide in the state. There are hot spots in the county where farms bring a premium. Overall compared to past years, the county might have been a bit over sold. This year’s highlight sale was a nice 160 bringing $13,900 per acre. 

 

According to Iowa State University Survey, the most recent average price of farmland near Primghar, Iowa is $10,656 an acre which is up from last year in 2019 when it was $10,411 per acre. The average CSR2 in O’Brien County is 91.4.

 

 

 

Clay County, Iowa Land Prices | Values

Clay County saw a slight increase in sales volume for 2020. Highlight sale for 2020 was a mid 50’s CSR2 farm just inside city limits brought $10,300 per acre. The city of Spencer acquired this tract. A boarding farm just south of this farm brought $6,500 per acre. 

 

According to Iowa State University Survey, the most recent average price of farmland near Spencer, Iowa is $8,872 an acre which is up from last year in 2019 when it was $8,684 per acre. The average CSR2 in Clay County is 79.9.

 

 

 

Palo Alto County, Iowa Land Prices | Values

Palo Alto County, Iowa showed record sale prices at record quantities for the later half of 2020. Sales were driven by the squeeze of organic farming operations and generational conventional farming operations. A couple of the tracts that sold in November did get purchased by investors looking to rent back to organic corn and soybean growers. 

 

According to Iowa State University Survey, the most recent average price of farmland near Emmetsburg, Iowa is $8,438 an acre which is up from last year in 2019 when it was $8,268 per acre. The average CSR2 in Palo Alto County is 77.

 

 

 

Plymouth County, Iowa Land Prices | Values

Plymouth County showed equal sales volume in 2020. Farm prices have been comparable in recent years. Surprising hill farms have shown some strength in the western half of Plymouth County. Highlight sale for 2020 was a nice 80 bringing $14,500 and acres in a competitive township. 

 

According to Iowa State University Survey, the most recent average price of farmland near Lemars, Iowa is $9,452 an acre which is up from last year in 2019 when it was $9,284 per acre. The average CSR2 in Plymouth County is 73.5.

 

 

 

Cherokee County, Iowa Land Prices | Values

Cherokee County saw a consistent sales volume in 2020 in comparison to 2019. Farmland values in Cherokee saw a slight increase in value in the latter half of the year. 2021 should be interesting to see if sales volume decreases or increases.  

 

According to Iowa State University Survey, the most recent average price of farmland near Cherokee, Iowa is $9,023 an acre which is up from last year in 2019 when it was $8,776 per acre. The average CSR2 in Cherokee County is 82.2.

 

 

 

Buena Vista County, Iowa Land Prices | Values

Buena Vista County was the perfect example of what decreases in interest rates and an increase in grain prices do to land values. In the early half of 2020, farms were trading around $85-$100 a point. Fast forward to the latter half of the year farms were moving around $110 to $120 a point. Drainage is everything in this region, and access to drain water drives the market.  

 

According to Iowa State University Survey, the most recent average price of farmland near Storm Lake, Iowa is $9,361 an acre which is up from last year in 2019 when it was $9,210 per acre. The average CSR2 in Buena Vista County is 83.4.

 

 

Pocahontas County, Iowa Land Prices | Values

2020 farmland sales in Pocahontas County, Iowa were active. A large estate was sold on March 27, 2020 accounting for a large number of the farmland auction sales. Overall, sale prices were average for that current market. Farmland is trending higher in Pocahontas county headed into 2021. 

 

According to Iowa State University Survey, the most recent average price of farmland near Pochahontas, Iowa is $8,849 an acre which is up from last year in 2019 when it was $8,566 per acre. The average CSR2 in Pocahontas County is 81.2.

    

FREE Farmland Evaluation

     Do you want to know what your Iowa property is worth? 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 we came up with the value for your farm.  We 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 our personal cell, for Luke @ (515) 468-3610 or Matt @ (515) 443-5004 email us directly at Luke@iowalandcompany.com or Matt@iowalandcompany.com to ask any questions about our free farm appraisal. 

 

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Luke Skinner
Land Agent / Auctioneer
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Matt Skinner
Land Broker | Appraiser
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 Northwest Iowa Farmland Auction Highlight

Northwest Iowa Farmland Auction Marketing

 Northwest Iowa Farmland Auction Highlight

Northwest Iowa Farmland Auction Marketing

 Northwest Iowa Farmland Auction Highlight

Northwest Iowa Farmland Auction Marketing

 Northwest Iowa Farmland Auction Highlight

Northwest Iowa Farmland Auction Marketing

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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