2018 Tama County Farmland Auction Results

 

 

Tama County, Iowa Land Prices | Values

Happy New Year! Now is a great time to look back at the auction results from 2018 for Tama County, Iowa. The average price of farmland that sold on auction in Tama County was $8,683 an acre. More importantly, the average tillable price per CSR2 point is $121.51. I personally track all land auctions across the county. There were 12 public farmland auctions inside the county lines in 2018. The Results are as follows:

 

I used 11 of the 12 auctions that were brought to auction to determine the county average of $8,683 an acre. I disregarded the sale that was brought to the market on July 23rdbecause the sale was less than 80% cropland acres. The remaining 11 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 Tama County, there were a total of 1,060.34 acres offered to the public. 951.83 acres of the total acres offered were cropland acres; therefore, the acres offered to the public were 89.76% cropland acres. The average CSR2 rating of the 11 tillable farms that were brought to auction that was more than 80% tillable was 79.60. Therefore, my calculations prove the current price per CSR2 point Tama County is $121.51.

 

*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 Tama County farmland values are doing by visiting the latest 2018 Iowa State University land survey.

 

FREE Tama 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 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 Tama County.

 

My Fiduciary Duty to Know the Market

I broker the sale farmland in Tama 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

Contact the Author
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Cody Skinner
Land Broker | Appraiser
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.
Butler County Iowa Farmland Values
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