West Central Iowa Land Values | Farmland Auction Results

 

 

West Central Iowa Land Prices | Values

 

According to the Iowa State University 2020 Farmland Survey, West Central Iowa land prices increased from $7,564 an acre in 2019 to $7,859 an acre in 2020. This was a $295 per acre or 3.9% increase. The average price of high quality farmland within this region (80 CSR2) is $9,017 an acre, the average price for medium quality farmland (67 CSR2) is $7,076 an acre, and the average price for low quality farmland (45 CSR2) is $4,950 an acre.

 

According to the fall 2020 Realtor Land Institute report, the average West Central Iowa land price of farmland is $9,775 per acre for high quality, $7,630 per acre for medium quality, and $5,423 per acre for low quality farmland. The average price for non tillable pasture is $3,294 per acre and $2,887 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 80 farms offered to the public via public auction in 2020 which is a slight increase from 2019 when 79 farms were brought to the market. A total of 8,939 of tillable acres were offered for sale in West Central Iowa in 2020. The average price of farmland that sold on auction was $8,959 per acre which was down 6.8% from 2019 and the average price per tillable CSR2 point is $123 which is down $2 points from 2019.

 

 

West Central Iowa Land Real Estate Company

 

Iowa Land Company Real Estate LLC specializes in the sale of land in West Central Iowa. Our land brokers, appraisers, farm managers, and support staff track sales across West Central 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 West Central 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 Matt Skinner or Luke Skinner, our trusted Iowa Land Company West Central Iowa land brokers.

 

 

 

 

 

 

Woodbury County, Iowa Land Prices | Values

Woodbury County sale volume was down compared to prior year 2019. The farms that did see the open market traded in the spring before the commodity charts turned green turning farm profit back into the positives. This region is very sensitive based on farm location. Hill farms are showing strength if they do not carry too many terrace improvements, younger generational farmers are turning away from terrace practices with improved equipment and limited soil contact.

 

According to Iowa State University Survey, the most recent average price of farmland near Sioux City, Iowa is $7,012 an acre which is up from last year in 2019 when it was $6,873 per acre. The average CSR2 in Woodbury County is 61.4.

 

 

 

Ida County, Iowa Land Prices | Values

 

Ida County saw a decline in sales volume compared to 2019. There were 3 farms offered on auction and all sold well. It will be interesting to keep an eye on the wind energy aspect in the county and how that affects who buys farms and how prices will reflect over the next 10 years in the county. Wind investments can increase ROI in the air but not always on the ground. 

 

According to Iowa State University Survey, the most recent average price of farmland near Ida Grove, Iowa is $8,534 an acre which is up from last year in 2019 when it was $7,979 per acre. The average CSR2 in Ida County is 77.1.

 

 

 

Sac County, Iowa Land Prices | Values

 

Sac County saw a decrease in sales volume for fiscal year 2020. Out of the 4 sales, 3 resulted in price per CSR2 point averages just north of $100 a point. Sac County carries some higher soil profiles compared to surrounding counties. I suspect these values will rise in the 2021 year.

 

According to Iowa State University Survey, the most recent average price of farmland near Sac City, Iowa is $9,290 an acre which is up from last year in 2019 when it was $9,093 per acre. The average CSR2 in Sac County is 82.8.

 

 

 

Calhoun County, Iowa Land Prices | Values

Calhoun County, Iowa 2020 land auction sales were higher in 2020 than 2019. Sale prices before August 2020 were trending lower. From September to the end of the year we saw an uptick in farmland sale prices with a year high sale of $10,800 on Oct. 16th 2020 for a nice 80 with good CSR2 values. That high sale price would be a 6 year high in auction land sale prices in Calhoun County.

 

According to Iowa State University Survey, the most recent average price of farmland near Rockwell City, Iowa is $9,335 an acre which is up from last year in 2019 when it was $9,043 per acre. The average CSR2 in Calhoun County is 82.2

 

 

 

Monona County, Iowa Land Prices | Values

Monona County saw a decline in sales volume in 2020. In recent years, there were more bottom farms brought to the market in 2020. This year showed an interesting sales comparison, in July a nice hill farm in the eastern half of the county brought $11,600 for a 77.8 CSR2 farm showing a price per CSR2 point of $154. Later in the year, a nice bottom 80 with a CSR2 rating of 97.1 brought the sale $11,600 per acre valued at $119 a point. Many times valuing farms strictly on a CSR2 figure can be deceiving.

 

According to Iowa State University Survey, the most recent average price of farmland near Onawa, Iowa is $6,795 an acre which is up from last year in 2019 when it was $6,640 per acre. The average CSR2 in Monona County is 59.1.

 

 

 

Crawford County, Iowa Land Prices | Values

Crawford County saw roughly the same sales volume in 2020 compared to the 2019 marketing year. Location overrides many other aspections in this region. In December, 395.6 acres with 357.21 cropland acres brought $7,450 per acre. Many buyers in Crawford County wait some time to buy a farm. Selling farms on auction is the best way to meet top dollar in the region. 

 

According to Iowa State University Survey, the most recent average price of farmland near Denison, Iowa is $8,250 an acre which is up from last year in 2019 when it was $7,979 per acre. The average CSR2 in Crawford County is 68.6.

 

 

 

Carroll County, Iowa Land Prices | Values

Carroll County, Iowa farmland is in VERY high demand. Land in Carroll County is held in tight ownership. When it goes up for public auction it sells very well! Many sales in 2020 went well over $10,000. Our firm sold a farm on December 12th, 2020 for $13,700. This was a great sale! Over 35 register bidders attended and over 60 trucks came to watch the sale. Carroll County truly is the heart of Iowa.  

 

According to Iowa State University Survey, the most recent average price of farmland near Carroll, Iowa is $8,834 an acre which is up from last year in 2019 when it was $8,566 per acre. The average CSR2 in Carroll County is 76.5.

 

 

 

Greene County, Iowa Land Prices | Values

Greene County, Iowa farmland is in high demand. Both investors and local operators eye farmland for a great preserving asset and investment. Sales volume was down in Greene County, Iowa in 2020 compared to 2019. A highlight for the 2020  land sales year was a nice 79 acre farm that sold for $10,600 per acre.   

 

According to Iowa State University Survey, the most recent average price of farmland near Jefferson, Iowa is $8,336 an acre which is up from last year in 2019 when it was $8,008 per acre. The average CSR2 in Green County is 78.3.

 

 

 

Harrison County, Iowa Land Prices | Values

Harrison County auction sales for 2020 was a bit of a mix bag. Holding true to the landscape, bottom farms with high CSR2 figures are a scarcity in return that bring strong money. Hill farms are holding steady if they have good terrace structure and have been taken care off. Timber farms do not hit the market often but, when they do they tend to have a lot of interest. 

 

According to Iowa State University Survey, the most recent average price of farmland near Logan, Iowa is $7,376 an acre which is up from last year in 2019 when it was $7,321 per acre. The average CSR2 in Harrison County is 61.2.

 

 

 

Shelby County, Iowa Land Prices | Values

Shelby County saw an increase in sales volume. The majority of farms sell on the auction block. Many farms traded in the $8-9,000 per acre range. In December, there were two short 80s that sold on the sale date bringing $181 and $191 per point, respectively. 

 

According to Iowa State University Survey, the most recent average price of farmland near Harlan, Iowa is $7,878 an acre which is down from last year in 2019 when it was $7,884 per acre. The average CSR2 in Shelby County is 69.9.

 

 

 

Audubon County, Iowa Land Prices | Values

Audubon County, Iowa is some of the tightest held land in the state of Iowa. If a farm comes up for sale in Audubon County, Iowa it almost always sells on public auction and it sells well! Only one farm was sold on auction in Audubon County this year. Almost every farmer wants to purchase more farmland in Audubon County; it just doesn’t come up for sale! 

 

According to Iowa State University Survey, the most recent average price of farmland near Audubon, Iowa is $7,789 an acre which is up from last year in 2019 when it was $7,719 per acre. The average CSR2 in Audubon County is 69.2.

 

 

Guthrie County, Iowa Land Prices | Values

Guthrie County, Iowa is very diverse in the makeup of farmland. Throughout the county you can find anything from steep timber terrain, rolling farmland, and flat black tillable farmland. Land values in Guthrie County can range from $12,500-$3,800 per acre. Contact Iowa Land Company for more information in learning the value of your land.  

 

According to Iowa State University Survey, the most recent average price of farmland near Guthrie Center, Iowa is $7,080 an acre which is up from last year in 2019 when it was $6,996 per acre. The average CSR2 in Guthrie County is 61.4.

    

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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 West Central Iowa Farmland Auction Highlight

West Central Iowa Farmland Auction Marketing

 West Central Iowa Farmland Auction Highlight

West Central 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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