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280033

Iowa Land Auction Results Starting to Drop

The land market in Iowa for highly tillable farms has shown stability throughout 2018 with average sale price between $110/CSR2 and $115/CSR2, says Brad Hayes, a certified general appraiser for Peoples Company in Clive, Iowa.

“That said, the land market has shown a reduction in value from the 4th quarter of 2017 to the 4th quarter of 2018,” says Hayes. The average $/CSR2 point for highly tillable farms that sold at auction in the 4th of 2017 was $122 while the average in the 4th quarter of 2018 was $112.

See the complete land auction numbers at https://peoplescompany.com/listings/iowa-auction-results.

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