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Iowa Farmland Prices in 2024

Iowa Farmland Prices in 2024: Navigating the Shift

Iowa Farmland Prices in 2024: Navigating the Change For generations, Iowa's fertile plains have sustained farmers and attracted investment. But what's the current landscape for farmland for sale in 2024? While the market stabilizes after years of remarkable growth, key dynamics continue to shape prices. Let's explore the trends, factors, and forecasts to help you navigate this crucial decision. A Plateau in Motion: After dramatic increases in 2021 and 2022, Iowa farmland values settled into a plateau in 2023. According to the Iowa State University Land Value Survey, the average statewide price climbed 3.7%, reaching a record-breaking $11,835 per acre. This modest rise signifies a shift from the previous years' surges. Key Drivers: Several factors influence Iowa farmland prices: Supply and Demand:  Limited available land meets persistent investor and farmer demand, keeping prices strong. Commodity Prices:  While corn and soybean prices remain crucial, their fluctuation can impact investor sentiment and potentially influence land values. Interest Rates:  Rising interest rates may affect buyers' borrowing power, potentially influencing demand and ultimately prices. Farm Income:  Healthy farm incomes from recent years provide some buffer against economic pressures, but sustained profitability remains crucial. Regional Variations: Iowa's diverse landscape means prices vary across counties. Southeast Iowa saw the most significant gains in 2023, while Northwest Iowa experienced a slight decrease. Consulting local market trends and expert opinions is crucial for informed decisions. Expert Insights: For valuable perspectives, consider these resources: Iowa State University Extension and Outreach:   https://www.extension.iastate.edu/agdm/ DTN Progressive Farmer:   https://www.dtnpf.com/ Iowa Farm Bureau Federation:   https://www.iowafarmbureau.com/ Looking Ahead: Predicting future price movements is uncertain. However, experts generally expect stable to slightly increasing prices in the next few years, barring unforeseen economic shifts. Remember: Investing in farmland is a significant decision. Conduct thorough research, consider your financial goals, and seek professional advice before making any commitments. Trackbacks: 2023 Farmland Value Survey Iowa State University:   https://www.extension.iastate.edu/agdm/wholefarm/pdf/c2-70.pdf Outlook for land values in 2024 and beyond:   https://www.extension.iastate.edu/agdm/articles/chandio/ChaDec23.html Iowa Farmland Values Approach a Plateau as Annual Increase Slows to 3.7%:   https://www.extension.iastate.edu/news/iowa-farmland-values-rose-higher-2023-slower-pace This blog provides a starting point for understanding Iowa farmland prices in 2024. Leverage the included resources and expert insights to make informed decisions about your agricultural investments.Read More

Understanding Farmland Values in Today's Economy

Understanding Farmland Values in Today's Economy

As David Whitaker , deeply involved in the agricultural sector of Iowa, I have a unique perspective on the ebbs and flows of the farmland market. My connection to this region has provided me a front-row seat to observe how agricultural practices and economic trends intersect and evolve. I'm eager to delve into the current state of farmland values and their implications for the future, with a special focus on Iowa's annual crop lands. Understanding Farmland Values in the Current Economy The resilience of farmland values in the face of rising interest rates and changing commodity prices is nothing short of remarkable. Beginning in late 2021 and into 2022, we witnessed a significant upturn in the value of U.S. farmland, peaking with a record growth of 12% year-over-year, driven largely by heightened demand for premium cropland. This trend is especially pronounced in Iowa, underscoring the lasting appeal of fertile land in a state known for its agricultural prowess. Even as the pace of growth has somewhat moderated in 2023, with an increase of 7.4% over the previous year, the robustness of farm real estate values remains evident. This enduring strength highlights the strategic significance of farmland not just for agricultural production but as a sound investment choice. Farmland as a Strategic Investment From 2010 to 2022, farmland values have grown by an average of 4.7% annually, surpassing average inflation rates. This performance underscores the role of farmland as a means of preserving capital within an investment portfolio. The competition for high-quality cropland, coupled with the scarcity of available land—less than 1% is up for sale annually—has sparked interest among both traditional agricultural producers and investors. While institutional investors have marked their presence, the real driving force behind land transactions remains the farmers looking to expand their operations. Future Prospects for Farmland Values Several factors, including geopolitical tensions and trade dynamics, are set to influence farmland values in the short term. However, the fundamental demand for food, fiber, and fuel ensures a stable outlook for agricultural land. In Iowa, this is particularly relevant as agriculture is at the heart of the state's identity and economy. Looking ahead, we must be mindful of the potential moderation in farmland value growth, anticipated to be under 5% year-over-year. This suggests a period of market adjustment in response to broader economic trends, including interest rates and farm incomes. Final Thoughts The intersection of traditional agricultural values with the modern economic landscape presents a complex but promising future for farmland investment, especially in agriculturally rich states like Iowa. The resilience of farmland values, despite economic fluctuations, speaks to the enduring value of investing in land. As we navigate the future of agriculture and farmland investment, our focus should remain on sustainability, community, and the intrinsic value of the land we steward.Read More

What is agency?

What is agency?

What is agency? Top 50 Questions about Farmland Hey, it's the Iowa land guy. And here's the top 50 questions that I get asked about farmland. What is agency? Agency is who we, the broker work for. So, uh, who our interest lies with where our fiduciary responsibility lies with, who do we represent? So in Iowa. There's a couple of different types of agency. Agency is a seller's agency. That means we work for you, the seller, uh, to get you the most successful outcome and, uh, and represent your fiduciary interest. There's buyer's agency, where I just represent a buyer that might be looking for a farm and then I'll approach a, a seller or landowner and say, I have a buyer that's, uh, willing to, uh, buy your farm, but technically I'm trying to get them the best deal, um, cause I have buyer's agency. There's transactional, where it's more just the paperwork in the middle, um, where a buyer and a seller might come to us and say, Hey, we put something together, but we have no paperwork, and we don't really know that we're doing it right, but we've agreed on a price. Uh, we can do contractual or, uh, uh, transactional, uh, agency as well. But basically it means that we need to represent everybody fairly, treat them all with respect, that time is of the essence, and Here's the big one if I represent you as a seller I'm not gonna tell the buyer your secrets if I represent you as a buyer I'm not gonna tell the seller your secrets like how much money you do have or how much you're willing to spend Now if I'm the agent for you, and I think it would be advantageous for us to tell the other side something, I might ask you and with your permission, then I'm allowed to tell the other side, um, whatever I think might be appropriate with your permission, of course, to try to put the deal together. But basically, agency at its face is who do we work for and who do we represent?  Hey, it's the Iowa land guy. And here's the top 50 questions that I get asked about farmland. What is agency? Agency is who we, the broker work for. So, uh, who our interest lies with where our fiduciary responsibility lies with, who do we represent? So in Iowa. There's a couple of different types of agency. Agency is a seller's agency. That means we work for you, the seller, uh, to get you the most successful outcome and, uh, and represent your fiduciary interest. There's buyer's agency, where I just represent a buyer that might be looking for a farm and then I'll approach a, a seller or landowner and say, I have a buyer that's, uh, willing to, uh, buy your farm, but technically I'm trying to get them the best deal, um, cause I have buyer's agency. There's transactional, where it's more just the paperwork in the middle, um, where a buyer and a seller might come to us and say, Hey, we put something together, but we have no paperwork, and we don't really know that we're doing it right, but we've agreed on a price. Uh, we can do contractual or, uh, uh, transactional, uh, agency as well. But basically it means that we need to represent everybody fairly, treat them all with respect, that time is of the essence, and Here's the big one if I represent you as a seller I'm not gonna tell the buyer your secrets if I represent you as a buyer I'm not gonna tell the seller your secrets like how much money you do have or how much you're willing to spend Now if I'm the agent for you, and I think it would be advantageous for us to tell the other side something, I might ask you and with your permission, then I'm allowed to tell the other side, um, whatever I think might be appropriate with your permission, of course, to try to put the deal together. But basically, agency at its face is who do we work for and who do we represent? David Whitaker | Iowa Land Guy Read More

Do you sell in my county?

Do you sell in my county?

Do you sell in my county? Top 50 Questions about Farmland Hey, it's the Iowa land guy and here's the top 50 questions that I get asked about farmland. Do you sell in my county? We sure do. We sell all across the state of Iowa and a handful of states across the Midwest. With that being said, yes, we can sell in every county. We pride ourselves in knowing the local buyers in every county and we keep a list and database of buyers in every county. Along with that, we have compiled a list of every landowner. So when it comes to marketing your farm, we can definitely, market it to the right people in your county. David Whitaker | Iowa Land Guy Read More

Does the auctioneer really matter?

Does the auctioneer really matter?

Does the auctioneer really matter? Top 50 Questions about Farmland Hey, it's the Iowa land guy. And here are the top 50 questions that I get asked about farmland. Does the auctioneer matter wholeheartedly? Yes, the auctioneer matters. So when we're selling a farm, the thing to know is that auctioneer is having a one-sided conversation with everyone that wants to potentially place a bid on your farm. How does the crowd talk by raising their hand? A visual cue, an audio cue, a click of a button, an internet cue. There is a lot of information coming at that auctioneer at one time. So does the auctioneer matter? Yes, it does. They need to be able to process that information very quickly. They also need to be able to do the one thing that auctioneers do well, and that is read the crowd. I pride myself in being able to do this very well, and that is, if Mrs. Johnson is going to bid one more time, I don't want to sell it yet. Of course, I represent you, the seller, fiduciarily, and if I think there's a potential that she's going to bid one more time on your farm, maybe we need to take a break. Who's job is it to figure that out? It's the auctioneers. I'm going to say, Well, I can see it. Ms. Johnson's thinking about it. There might be one or two more bids left. Ladies and gentlemen, let's take a break. So I'm going to take a break. Again, that is the job and responsibility of the auctioneer. Now, if I come back and I got you one more bid, and maybe Mrs. Johnson wanted to give one more bid, but arguably, The other person who was in the lead was going to buy it anyway. I just got you two more bids on the farm on 300 acres and two more bids at 100 an acre. Boy, that adds up to a lot of money. So does the auctioneer matter? You bet. David Whitaker | Iowa Land Guy Read More

Can we sell personal property with the land?

Can we sell personal property with the land?

Can we sell personal property with the land? Top 50 Questions about Farmland Hey, it's the Iowa land guy. And here's the top 50 questions that I get asked about farmland. Can we sell personal property or the farm equipment with our farmland? Uh, at Whitaker Marketing Group, uh, we can, uh, so some companies can't, they just offer farmland. Now we specialize in farmland. Uh, I will leave it right there that we specialize in farmland. And that is the asset we like to sell more than anything. However, We do have lots and lots of years of experience in selling farm machinery, and we do have a buyer market for it. So if you're looking for that one stop shop, we can help you out. Selling Personal Property Along with Farmland: Your One-Stop Solution Hey, it's the Iowa land guy again! I'm here to dive a bit deeper into one of the top 50 questions I often get asked about farmland: "Can we sell personal property or the farm equipment with our farmland?" At Whitaker Marketing Group, we're proud to say that we offer more than just farmland sales. While farmland is our specialty and the asset we're most passionate about, we understand that selling a farm often involves more than just the land itself. Expanding Our Expertise Beyond Farmland Yes, farmland is our forte, but our expertise doesn't stop there. We recognize that a farm is so much more than its acres. It's the equipment, the machinery, and the personal property that have been part of your farming journey. That's why we've expanded our services to include the sale of farm machinery and personal property. Years of Experience in Farm Machinery Sales Our team at Whitaker Marketing Group brings years of experience in selling farm machinery. We've honed our skills and knowledge in this field, ensuring that we can offer you the best service possible. Whether it's tractors, harvesters, plows, or any other farm equipment, we know how to market and sell these items effectively. A Robust Buyer Market for Your Equipment One of the key advantages of working with us is our access to a robust buyer market for farm machinery. We've built a network of interested buyers over the years, which means we can help you find the right buyer for your equipment quickly and efficiently. The Convenience of a One-Stop Shop We understand that selling your farmland and equipment can be a huge undertaking. That's why we strive to make the process as convenient as possible for you. With Whitaker Marketing Group, you get a one-stop shop for all your selling needs. You won't have to juggle multiple contacts or worry about coordinating different aspects of the sale. We handle it all - from the farmland to the furthest reaches of your property, including any personal property and farm equipment. Tailored Marketing Strategies for Your Equipment Each piece of farm equipment has its own story and value. We create tailored marketing strategies for your equipment, ensuring they appeal to the right buyers. Our approach is not one-size-fits-all; we consider the unique aspects of each item to maximize your returns. Seamless Integration with Farmland Sales When you choose to sell your farm equipment with us, we seamlessly integrate this into the overall sale of your farmland. This coordinated approach ensures that every aspect of your farm – land and equipment – is presented in the best possible light to potential buyers. Expert Guidance Every Step of the Way Selling farm equipment and personal property requires specific know-how, from accurate valuation to effective negotiation. Our team provides expert guidance throughout this process, ensuring you feel confident and informed at every step. Conclusion: Your Trusted Partner in Farmland and Equipment Sales In summary, at Whitaker Marketing Group, we're more than just farmland specialists. We're your partners in selling not just your land but also the valuable equipment that has helped your farm thrive. If you're looking for a comprehensive, hassle-free solution for selling your farmland and personal property, we're here to help. Contact us today to learn more about how we can assist you in getting the best value for your farmland and farm machinery. With Whitaker Marketing Group, you're in capable hands. David Whitaker | Iowa Land Guy Read More

Current Iowa Farmland Prices

2023 Iowa Farmland Overview

2023 Iowa Farmland Overview Auction Highlights: The state's 1049 auctions, covering 115,626 acres, revealed an average price of $12,176 per acre. High-quality land averaged at $14,198 per acre, while medium quality land was $9,928 per acre. Low quality land maintained a steady average of $7,402 per acre. Farmland Trends: Comparing 2022 and 2023:- Auctions decreased by 19.2% (202 fewer auctions)- Acreage reduced by 22.8% (26,379 fewer acres)- Average price per acre increased by 1.1% ($134 increase)Comprehensive Land Sales Data:Excluding sales below $2,000/acre and above $30,100/acre, the 4,505 transactions (421,423 acres) averaged $9,994 per acre.Year-over-year changes:- 23.7% decrease in transactions (1,070 fewer)- 22.4% decrease in acreage (94,766 fewer acres)- 4.5% increase in average price per acre ($457 increase) Expert Opinions:- Realtor Land Institute Iowa: 0.6% increase- Iowa State University: 3.7% increase to $11,835/acre- Farm Credit Services of America: 4% increase to $12,425/acre (Benchmark Farms) Influential Factors: Positive: Impressive yields, net farm income, land equity, and investment value. Negative: Rising interest rates, 2024's input costs, margin compression, drought, and international conflicts. Our Commitment: As your "Trusted Advisors," we aim to market your farmland effectively, ensuring a successful outcome. Contact David & Ann Whitaker | The Iowa Land ExpertsFor Farmland Matters, Think of Us! Read More

WARREN COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

WARREN COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

Warren COUNTY IOWA Iowa Land Information Learn about farmland for sale in Warren County, Iowa, right here. Average land prices, the biggest towns within the county, the available land for sale, and many additional resources that will help make your Iowa land search easier. Contact your Warren County land agent with any questions or to request a FREE farm appraisal . Location: Southern Iowa Average Farmland Value: $6,296.67 is the average price of farmland in the county. To learn the most current county average farmland value or to learn what your farm value is contact Land Broker David Whitaker 515-996-LAND (5263) Average Farmland Value for Iowa $8,853 an acre Land Auctions in 2023: There were 11 farmland auctions in Warren County in 2023. There were 714.7 Acres sold at auction. The average farmland price per acre was $10,331.82 The average $/CSR2 was $171/ CSR2 Land Auctions in 2022: There were 23 farmland auctions in Warren County in 2022. There were 1826.59 Acres sold at auction. The average farmland price per acre was $11,332.61 The average $/CSR2 was $191.67/ CSR2 Land Auctions in 2021: There were 6 farmland auctions in Warren County in 2021. There were 407.74 Acres sold at auction. The average farmland price per acre was $8,100 The average $/CSR2 was $163.20/ CSR2 Average CSR2 Rating: 57.3 2020 USDA Average Corn Yield: 169 2020 USDA Average Soybean Yield: 48.5 ISU Average Cash Rent Per Acre in 2022: $203 I SU Average County Cash Rent Per Acre Pasture: $50-$100 Towns: Ackworth, Bevington, Carlisle, Cumming, Des Moines, Hartford, Indianola, Lacona, Martensdale, Milo, New Virginia, Norwalk, Sandyville, Spring Hill, St Marys, West Des Moines Adjacent Counties: Polk, Marion, Lucas, Clarke, Madison County Seat: Indianola County Website: Learn more about the county at Warren County Website Additional Warren County Agricultural Informational Website: Warren County Iowa Farm Service Agency  County Assessor: You can learn individual farm information; parcel ID numbers, farm taxes, recent land sales, and even landowners names and mailing addresses on the county Assessor Page here. FREE Farm Appraisal: Thank you for your interest in the current land values. Fill out our simple contact form or contact David Whitaker your local land agent at 515-966-LAND Warren County History: Warren County is a county in the U.S. state of Iowa. As of the 2020 census, the population was 52,403. The county was named after  Joseph Warren , a general in the American Revolutionary War. Warren County was formed in 1846. The current  Warren County Court House  was opened in 1939. Wikipedia page.Read More

MADISON COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

MADISON COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

Madison COUNTY IOWA Iowa Land Information Learn about farmland for sale in Madison County, Iowa, right here. Average land prices, the biggest towns within the county, the available land for sale, and many additional resources that will help make your Iowa land search easier. Contact your Madison County land agent with any questions or to request a FREE farm appraisal . Location: Southern Iowa Average Farmland Value: $7,680.85 is the average price of farmland in the county. To learn the most current county average farmland value or to learn what your farm value is contact Land Broker David Whitaker 515-996-LAND (5263) Average Farmland Value for Iowa $11,581 an acre Land Auctions in 2023: There were 14 farmland auctions in Madison County in 2023. There were 1339.52 Acres sold at auction. The average farmland price per acre was $9,416.67 The average $/CSR2 was $171/ CSR2 Land Auctions in 2022: There were 15 farmland auctions in Madison County in 2022. There were 1611.64 Acres sold at auction. The average farmland price per acre was $11,346 The average $/CSR2 was $186.89/ CSR2 Land Auctions in 2021: There were 2 farmland auctions in Madison County in 2021. There were 180 Acres sold at auction. The average farmland price per acre was $9,150 The average $/CSR2 was $125/ CSR2 Average CSR2 Rating: 60.8 2020 USDA Average Corn Yield: 172.9 2020 USDA Average Soybean Yield: 50.4 ISU Average Cash Rent Per Acre in 2022: $203 I SU Average County Cash Rent Per Acre Pasture: $50-$100 Towns: Bevington, Earlham, East Peru, Macksburg, Patterson, St. Charles, Truro, Winterset Adjacent Counties: Dallas, Warren, Clarke, Union, Adair, Polk County Seat: Winterset County Website: Learn more about the county at Madison County Website Additional Madison County Agricultural Informational Website: Madison County Iowa Farm Service Agency  County Assessor: You can learn individual farm information; parcel ID numbers, farm taxes, recent land sales, and even landowners names and mailing addresses on the county Assessor Page here. FREE Farm Appraisal: Thank you for your interest in the current land values. Fill out our simple contact form or contact David Whitaker your local land agent at 515-966-LAND (5263) Madison County History: Madison County is a county in the U.S. state of Iowa. As of the 2020 census, the population was 16,548. The county was named after  James Madison , the fourth president of the United States. Madison County was formed in 1846, from sections of Pottawattamie County. The current  Madison County Court House  was opened in 1876. Wikipedia page.Read More

TAYLOR COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

TAYLOR COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

Taylor COUNTY IOWA Iowa Land Information Learn about farmland for sale in Taylor County, Iowa, right here. Average land prices, the biggest towns within the county, the available land for sale, and many additional resources that will help make your Iowa land search easier. Contact your Taylor County land agent with any questions or to request a FREE farm appraisal . Location: Southwest Iowa Average Farmland Value: $5,171.43 is the average price of farmland in the county. To learn the most current county average farmland value or to learn what your farm value is contact Land Broker David Whitaker 515-996-LAND (5263) Average Farmland Value for Iowa $11,581 an acre Land Auctions in 2022: There was 1 farmland auction in Taylor County in 2022. There were 80 Acres sold at auction. The average farmland price per acre was $5,850 The average $/CSR2 was $89.48/ CSR2 Land Auctions in 2020: There were 2 farmland auctions in Taylor County in 2020. There were 215.48 Acres sold at auction. The average farmland price per acre was $4,400 The average $/CSR2 was $88/ CSR2 Land Auctions in 2019: There were 2 farmland auctions in Taylor County in 2019. There were 190 Acres sold at auction. The average farmland price per acre was $6,200 The average $/CSR2 was $86.23/ CSR2 Average CSR2 Rating: 63 2020 USDA Average Corn Yield: 167.7 2020 USDA Average Soybean Yield: 46.2 ISU Average Cash Rent Per Acre in 2022: $243 I SU Average County Cash Rent Per Acre Pasture: $50-$100 Towns: Bedford, Blockton, Clearfield, Conway, Gravity, Lenox, New Market, Sharpsburg Adjacent Counties: Adams, Ringold, Page County Seat: Bedford County Website: Learn more about the county at Taylor County Website Additional Page County Agricultural Informational Website: Taylor County Iowa Farm Service Agency  County Assessor: You can learn individual farm information; parcel ID numbers, farm taxes, recent land sales, and even landowners names and mailing addresses on the county Assessor Page here. FREE Farm Appraisal: Thank you for your interest in the current land values. Fill out our simple contact form or contact David Whitaker your local land agent at 515-966-LAND (5263) Taylor County History: Taylor County is a county in the U.S. state of Iowa. As of the 2020 census, the population was 5,896. The county was named after Zachary Taylor, a general and president. Adair County was formed in 1847. The current  Taylor County Court House  was opened in 1892. Wikipedia page.Read More

PAGE COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

PAGE COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

Page COUNTY IOWA Iowa Land Information Learn about farmland for sale in Page County, Iowa, right here. Average land prices, the biggest towns within the county, the available land for sale, and many additional resources that will help make your Iowa land search easier. Contact your Page County land agent with any questions or to request a FREE farm appraisal . Location: Southwest Iowa Average Farmland Value: $6,621.43 is the average price of farmland in the county. To learn the most current county average farmland value or to learn what your farm value is contact Land Broker David Whitaker 515-996-LAND (5263) Average Farmland Value for Iowa $11,581 an acre Land Auctions in 2023: There was 1 farmland auction in Page County in 2023. There were 17.68 Acres sold at auction. The average farmland price per acre was $6,250 The average $/CSR2 was $129/ CSR2 Land Auctions in 2022: There were 2 farmland auctions in Page County in 2022. There were 260.2 Acres sold at auction. The average farmland price per acre was $6,775 The average $/CSR2 was $108.50/ CSR2 Land Auctions in 2021: There were 2 farmland auctions in Page County in 2021. There were 118.25 Acres sold at auction. The average farmland price per acre was $6,625 The average $/CSR2 was $148/ CSR2 Average CSR2 Rating: 70 2020 USDA Average Corn Yield: 174.5 2020 USDA Average Soybean Yield: 54 ISU Average Cash Rent Per Acre in 2022: $243 I SU Average County Cash Rent Per Acre Pasture: $50-$100 Towns: Blanchard, Braddyville, Clarinda, Coin, College Springs, Essex, Hepburn, Northboro, Shambaugh, Shenandoah, Yorktown Adjacent Counties: Freemont, Taylor, Montgomery County Seat: Clarinda County Website: Learn more about the county at Page County Website Additional Page County Agricultural Informational Website: Page County Iowa Farm Service Agency  County Assessor: You can learn individual farm information; parcel ID numbers, farm taxes, recent land sales, and even landowners names and mailing addresses on the county Assessor Page here. FREE Farm Appraisal: Thank you for your interest in the current land values. Fill out our simple contact form or contact David Whitaker your local land agent at 515-966-LAND (5263) Page County History: Page County is a county in the U.S. state of Iowa. As of the 2020 census, the population was 15,211. The county was named after Captain John Page of the 4th U.S. Infantry. Adair County was formed in 1847. The current  Adair County Court House  was opened in 1887. Wikipedia page.Read More

FREMONT COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

FREMONT COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

Fremont COUNTY IOWA Iowa Land Information Learn about farmland for sale in Fremont County, Iowa, right here. Average land prices, the biggest towns within the county, the available land for sale, and many additional resources that will help make your Iowa land search easier. Contact your Fremont County land agent with any questions or to request a FREE farm appraisal . Location: Southwest Iowa Average Farmland Value: $6,296.67 is the average price of farmland in the county. To learn the most current county average farmland value or to learn what your farm value is contact Land Broker David Whitaker 515-996-LAND (5263) Average Farmland Value for Iowa $11,581 an acre Land Auctions in 2023: There were 4 farmland auctions in Fremont County in 2023. There were 314.04 Acres sold at auction. The average farmland price per acre was $9,900 The average $/CSR2 was $152/ CSR2 Land Auctions in 2022: There were 5 farmland auctions in Fremont County in 2022. There were 469 Acres sold at auction. The average farmland price per acre was $6,760 The average $/CSR2 was $144/ CSR2 Land Auctions in 2021: There were 2 farmland auctions in Freemont County in 2021. There were 633.03 Acres sold at auction. The average farmland price per acre was $6,250 The average $/CSR2 was $138/ CSR2 Average CSR2 Rating: 82 2020 USDA Average Corn Yield: 195.9 2020 USDA Average Soybean Yield: 53.8 ISU Average Cash Rent Per Acre in 2022: $243 I SU Average County Cash Rent Per Acre Pasture: $50-$100 Towns: Farragut, Hamburg, Imogene, Randolph, Riverton, Shenandoah, Sidney, Tabor, Thurman Adjacent Counties: Mills, Page County Seat: Sidney County Website: Learn more about the county at Fremont County Website Additional Fremont County Agricultural Informational Website: Fremont County Iowa Farm Service Agency  County Assessor: You can learn individual farm information; parcel ID numbers, farm taxes, recent land sales, and even landowners names and mailing addresses on the county Assessor Page here. FREE Farm Appraisal: Thank you for your interest in the current land values. Fill out our simple contact form or contact David Whitaker your local land agent at 515-966-LAND (5263) Fremont County History: Fremont County is a county in the U.S. state of Iowa. As of the 2020 census, the population was 6,605. The county was named after  John C. Fremont , a military officer. Adair County was formed in 1847, from sections of Pottawattamie County. The current  Fremont County Court House  was opened in 1940. Wikipedia page.Read More

ADAMS COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

ADAMS COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

Adams COUNTY IOWA Iowa Land Information Learn about farmland for sale in Adams County, Iowa, right here. Average land prices, the biggest towns within the county, the available land for sale, and many additional resources that will help make your Iowa land search easier. Contact your Adams County land agent with any questions or to request a FREE farm appraisal . Location: Southwest Iowa Average Farmland Value: $6,296.67 is the average price of farmland in the county. To learn the most current county average farmland value or to learn what your farm value is contact Land Broker David Whitaker 515-996-LAND (5263) Average Farmland Value for Iowa $11,581 an acre Land Auctions in 2023: There were 3 farmland auctions in Adams County in 2023. There were 274.6 Acres sold at auction. The average farmland price per acre was $7,700 The average $/CSR2 was $108/ CSR2 Land Auctions in 2022: There were 5 farmland auctions in Adams County in 2022. There were 469 Acres sold at auction. The average farmland price per acre was $6,760 The average $/CSR2 was $144/ CSR2 Land Auctions in 2021: There were 2 farmland auctions in Adams County in 2021. There were 633.03 Acres sold at auction. The average farmland price per acre was $6,250 The average $/CSR2 was $138/ CSR2 Average CSR2 Rating: 62 2020 USDA Average Corn Yield: 183.2 2020 USDA Average Soybean Yield: 48.3 ISU Average Cash Rent Per Acre in 2022: $243 I SU Average County Cash Rent Per Acre Pasture: $50-$100 Towns: Carbon, Carl, Corning, Lenox, Mt. Etna, Nodaway, Prescott, Williamson Adjacent Counties: Taylor, Montgomery, Union, Adair, Cass County Seat: Corning County Website: Learn more about the county at Adams County Website Additional Adams County Agricultural Informational Website: Adams County Iowa Farm Service Agency  County Assessor: You can learn individual farm information; parcel ID numbers, farm taxes, recent land sales, and even landowners names and mailing addresses on the county Assessor Page here. FREE Farm Appraisal: Thank you for your interest in the current land values. Fill out our simple contact form or contact David Whitaker your local land agent at 515-966-LAND (5263) Adams County History: Adams County is a county in the U.S. state of Iowa. As of the 2020 census, the population was 3,704. The county was named after  John Adams , the sixth president of the United States of America. Adair County was formed in 1851, from sections of Pottawattamie County. The current  Adams County Court House  was opened in 1955. Wikipedia page.Read More

Montgomery COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

Montgomery COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

Montgomery COUNTY IOWA Iowa Land Information Learn about farmland for sale in Montgomery County, Iowa, right here. Average land prices, the biggest towns within the county, the available land for sale, and many additional resources that will help make your Iowa land search easier. Contact your Montgomery County land agent with any questions or to request a FREE farm appraisal . Location: South Western Iowa Average Farmland Value: $7,211.54 is the average price of farmland in the county. To learn the most current county average farmland value or to learn what your farm value is contact Land Broker David Whitaker 515-996-LAND (5263) Average Farmland Value for Iowa $8,563.45 an acre Land Auctions in 2023: There were 2 farmland auctions in Montgomery County in 2023. There were 164.74 Acres sold at auction. The average farmland price per acre was $10,250 The average $/CSR2 was 166.50/ CSR2 Land Auctions in 2022: There was 1 farmland auction in Montgomery County in 2022. There were 229 Acres sold at auction. The average farmland price per acre was $5,650 The average $/CSR2 was $118/ CSR2 Land Auctions in 2021: There were 10 farmland auctions in Montgomery County in 2021. There were 229 Acres sold at auction. The average farmland price per acre was $5,650 The average $/CSR2 was $118/ CSR2 Average CSR2 Rating: 68.6 2020 USDA Average Corn Yield: 183.2 2020 USDA Average Soybean Yield: 48.3 ISU Average Cash Rent Per Acre in 2022: $243 I SU Average County Cash Rent Per Acre Pasture: $50-$100 Towns: Coburg, Elliot, Grant, Red Oak, Stanton, Villisca Adjacent Counties: Pottawattamie, Cass, Adams, Page, Mills County Seat: Red Oak County Website: Learn more about the county at Montgomery County Website Additional Montgomery County Agricultural Informational Website: Montgomery County Iowa Farm Service Agency  County Assessor: You can learn individual farm information; parcel ID numbers, farm taxes, recent land sales, and even landowners names and mailing addresses on the county Assessor Page here. FREE Farm Appraisal: Thank you for your interest in the current land values. Fill out our simple contact form or contact David Whitaker your local land agent at 515-966-LAND (5263) Montgomery County History: Montgomery County is a county in the U.S. state of Iowa. As of the 2020 census, the population was 10,330. The county was named after  Richard Montgomery an American Revolutionary War general killed in 1775. Montgomery County was formed in 1851. The current Montgomery County Court House  was opened in 1891. Wikipedia page.Read More

MILLS COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

MILLS COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

Mills COUNTY IOWA Iowa Land Information Learn about farmland for sale in Mills County, Iowa, right here. Average land prices, the biggest towns within the county, the available land for sale, and many additional resources that will help make your Iowa land search easier. Contact your Mills County land agent with any questions or to request a FREE farm appraisal . Location: South Western Iowa Average Farmland Value: $7,762 is the average price of farmland in the county. To learn the most current county average farmland value or to learn what your farm value is contact Land Broker David Whitaker 515-996-LAND (5263) Average Farmland Value for Iowa $8,563.45 an acre Land Auctions in 2023: There was 13 farmland auctions in Mills County in 2023. There were 1225.62 Acres sold at auction. The average farmland price per acre was $12,407.69 The average $/CSR2 was $177.20/ CSR2 Land Auctions in 2022: There were 12 farmland auctions in Mills County in 2022. There were 1194.55 Acres sold at auction. The average farmland price per acre was $9,783.33 The average $/CSR2 was $133.13/ CSR2 Land Auctions in 2021: There were 10 farmland auctions in Mills County in 2021. There were 1,113.06 Acres sold at auction. The average farmland price per acre was $9,621.43 The average $/CSR2 was $134.67/ CSR2 Average CSR2 Rating: 71 2020 USDA Average Corn Yield: 183.2 2020 USDA Average Soybean Yield: 48.3 ISU Average Cash Rent Per Acre in 2022: $243 I SU Average County Cash Rent Per Acre Pasture: $50-$100 Towns: Emerson, Glenwood, Hastings, Henderson, Malvern, Pacific Junction, Silver City, Tabor Adjacent Counties: Pottawattamie, Montgomery, Freemont County Seat: Glenwood County Website: Learn more about the county at Mills County Website Additional Mills County Agricultural Informational Website: Mills County Iowa Farm Service Agency  County Assessor: You can learn individual farm information; parcel ID numbers, farm taxes, recent land sales, and even landowners names and mailing addresses on the county Assessor Page here. FREE Farm Appraisal: Thank you for your interest in the current land values. Fill out our simple contact form or contact David Whitaker your local land agent at 515-966-LAND (5263) Mills County History: Mills County is a county in the U.S. state of Iowa. As of the 2020 census, the population was 14,484. The county was named after  Major Frederick Mills of Burlington, Iowa who was killed at the Battle of Churubusco during the Mexican-American War. Mills County was formed in 1851. The current Mills County Court House  was opened in 1959. Wikipedia page.Read More

ADAIR COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

ADAIR COUNTY, IOWA | FARMLAND PRICES, APPRAISALS AND AUCTIONS

Adair COUNTY IOWA Iowa Land Information Learn about farmland for sale in Adair County, Iowa, right here. Average land prices, the biggest towns within the county, the available land for sale, and many additional resources that will help make your Iowa land search easier. Contact your Adair County land agent with any questions or to request a FREE farm appraisal . Location: Western Iowa Average Farmland Value: $7,762 is the average price of farmland in the county. To learn the most current county average farmland value or to learn what your farm value is contact Land Broker David Whitaker 515-996-LAND (5263) Average Farmland Value for Iowa $11,581 an acre Land Auctions in 2022: There were 13 farmland auctions in Adair County in 2022. There were 1800.74 Acres sold at auction. The average farmland price per acre was $8,150 The average $/CSR2 was $155.97/ CSR2 Land Auctions in 2021: There were 12 farmland auctions in Adair County in 2021. There were 1922.55 Acres sold at auction. The average farmland price per acre was $7,390.91 The average $/CSR2 was $142.90/ CSR2 Land Auctions in 2020: There was 3 farmland auctions in Adair County in 2020. There were 358 Acres sold at auction. The average farmland price per acre was $6,566.67 The average $/CSR2 was $104.33/ CSR2 Average CSR2 Rating: 64 2020 USDA Average Corn Yield: 152.2 2020 USDA Average Soybean Yield: 44.7 ISU Average Cash Rent Per Acre in 2022: $243 I SU Average County Cash Rent Per Acre Pasture: $50-$100 Towns: Audubon, Exira, Kimballton, Brayton, Gray Adjacent Counties: Guthrie, Madison, Union, Adams, Cass County Seat: Greenfield County Website: Learn more about the county at Adair County Website Additional Adair County Agricultural Informational Website: Adair County Iowa Farm Service Agency  County Assessor: You can learn individual farm information; parcel ID numbers, farm taxes, recent land sales, and even landowners names and mailing addresses on the county Assessor Page here. FREE Farm Appraisal: Thank you for your interest in the current land values. Fill out our simple contact form or contact David Whitaker your local land agent at 515-966-LAND (5263) Adair County History: Adair County is a county in the U.S. state of Iowa. As of the 2020 census, the population was 7,496. The county was named after  John Adair , a general in the War of 1812 and the eighth Governor of Kentucky. Adair County was formed in 1851, from sections of Pottawattamie County. The current  Adair County Court House  was opened in 1940. Wikipedia page.Read More

How can I add more value to my farmland?

How can I add more value to my farmland?

How can I add more value to my farmland? Top 50 Questions about Farmland Hey, it's the Iowa land guy. And here's the top 50 questions that I get asked about farmland. So how can I add value to my farmland? Well, a couple of things, the biggest one and easiest one is add more acres. So how do we do that? If we buy an improvement farm that maybe has some, uh, what we'd consider waste ground that you can't farm it or can't till it, it might be a treed area or a wet. or an area that, uh, just was not really good for farming, um, because of, uh, topography. We can do some things to change that. Topography, we can add terraces. If there's trees in the way, we can remove the trees, dozer them out of the way, have a burn pile, and, uh, um, till that area up and make it into now tillable soils. I. e., add acres. Um, if it's a wet area, um, or a wet land, not necessarily a wet land, but a wet area that, um, didn't produce every year, we can add drain tile to the farm, or drainage tile to get the water away from the farm, which in tune gives us more acres. So how do we add value to a farm? Get more acres. Okay? What else could we do? If there was a property, uh, maybe an old farmhouse. It might be worth us, as the seller, to tear that old farmhouse down prior to selling it. And that, uh, cleans up any, uh, questions about the farm. Where's the septic? Is it removed? And what did we do in the meantime? We added more acres to the farm. Remember that, uh, Iowa Farm Ground is, uh, production agriculture. So the more we can produce, the more value we have. Now, if we're selling a farm in Colorado or Montana, Um, we might like those outbuildings, we might like the trees, um, we might like the huntability of it. Um, so every property is a little different, but remember in Iowa, some of the highest ground that's selling is production agriculture. So think like a producer. They want to bid on acres that are in production. So how do we add more value? Add more production value. David Whitaker | Iowa Land Guy Read More

How do we dissolve an LLC?

How do we dissolve an LLC?

How do we dissolve an LLC? Top 50 Questions about Farmland  Hey, it's the Iowa land guy. And here's the top 50 questions that I get asked about farmland. How do we dissolve an LLC or a partnership so that we can sell the farm? So this is more of an attorney question, but, uh, I'll dive into it for just a second. So. So, uh, really what you need to do, and my advice is, talk with an attorney. Talk with, uh, your attorney if you can. Uh, if you don't have one, we'd love to give you advice on who we think can help you with this. But more often than not, there's going to be an articles of organization in your partnership or your LLC. That attorney might look at that and say, okay, when we created this entity, we also made decisions of how do we get out of it and what does it take to get out of it? Or what is the price to get out of it? And what does that look like? What are the time limits? Is it need to be on paper? Is it verbal? Who can make that decision? So back to the original question, how can we get out of an LLC or a partnership? Um, it's going to depend. It's really going to depend on how you set that organization up to start with. Step-by-Step Guide to Dissolving an LLC: Simplifying the Process Are you considering closing your LLC? Dissolving a Limited Liability Company (LLC) can seem daunting, but understanding the process can make it manageable and straightforward. Our guide will walk you through each step to dissolve your LLC efficiently and legally. Understanding the Need to Dissolve an LLC Before we dive into the how-to, let's understand why an LLC might need to be dissolved. Reasons can range from business goals being met, the market changing, or simply a decision to cease operations. Whatever the reason, it's crucial to follow proper procedures to avoid legal or financial complications. Step 1: Decision to Dissolve The first step is getting an agreement from all LLC members. Most states require a majority vote, but check your LLC's operating agreement or state laws for specific requirements. This decision should be documented in a formal resolution. Step 2: Notifying Creditors Your LLC is obliged to notify creditors, giving them a chance to make claims against the company. This step is vital to protect you from future legal issues regarding unpaid debts. Step 3: Settling Claims Once creditors are notified, settle all claims. This includes paying off debts and resolving any outstanding obligations. If you can't pay all your debts, seek legal advice for alternatives like negotiation or settlement. Step 4: Handling Assets After settling debts, distribute any remaining assets among the LLC members according to ownership percentages. This step should also be done in compliance with your LLC agreement and state laws. Step 5: Filing Articles of Dissolution Once debts and assets are handled, file the Articles of Dissolution with your state’s business registration agency. This formalizes the end of your LLC and removes your obligation to pay ongoing state fees and taxes. Step 6: Canceling Licenses and Permits Cancel any business licenses or permits to avoid accruing fees or fines. This step is crucial to prevent any legal issues post-dissolution. Step 7: Final Tax Returns File your final federal and state tax returns. This is an important step to avoid any tax-related issues. Indicate that these are the final returns for your business. Additional Considerations Closing Federal and State Business Accounts : If you have an Employer Identification Number (EIN), notify the IRS to close your business account. Maintain Records : Keep business records for several years after dissolution, as recommended by your state laws and tax agencies. Seek Professional Help Dissolving an LLC involves legal and financial steps where professional advice can be invaluable. Consider consulting a lawyer or accountant to navigate the process smoothly. Conclusion Dissolving an LLC can be a straightforward process if you follow these steps carefully. Remember, it's essential to comply with both state laws and your LLC's operating agreement to ensure a smooth and legally sound dissolution. Ready to dissolve your LLC? Use this guide as your roadmap to navigate the process confidently. Remember, every step you take towards proper dissolution is a step towards peace of mind and new beginnings. David Whitaker | Iowa Land Guy Read More

Can we put the family name on the flyer?

Can we put the family name on the flyer?

Can we put the family name on the flyer? Top 50 Questions about Farmland Hey, it's the Iowa land guy and here's the top 50 questions that I get asked about farmland. Can we put my family name on the sale flyer? You bet. Uh, whatever you want on the sale flyer within reason, uh, we can accommodate. We have an in house graphics person. If you always had that cool old grain bin or harvester or, or barn on your farm and you wanted to make sure that you were promoting your family's farm and legacy. Um, you tell me what picture you want, I will, uh, get out there with high end photography and make sure that we're, uh, uh, telling your story and keeping that legacy alive even though we are going to, uh, liquidate the farm or, uh, uh, sell the farm. We want to make sure that, uh, your family is wholeheartedly represented. The Power of Personalization in Marketing Personalizing marketing materials like flyers with your family name can significantly impact your campaign’s effectiveness. It creates a sense of familiarity and trust, which is essential in building lasting relationships with your audience. Whether you're promoting a family-owned business, a community event, or a personal project, a customized flyer with your family name adds a unique and personal touch. How We Customize Flyers with Your Family Name Professional Design Team : Our skilled designers work closely with you to incorporate your family name into the flyer's design in a way that aligns with your overall branding and campaign goals. Customization Options : From font style to placement, we offer various customization options to ensure your family name stands out and resonates with your target audience. Quality Assurance : We ensure that the addition of your family name maintains the flyer's professional look and feel, ensuring high-quality print-ready designs. Benefits of Adding Your Family Name to Flyers Enhanced Brand Identity : Personalizing flyers with your family name reinforces your brand identity, making your marketing materials instantly recognizable. Increased Engagement : A flyer featuring a family name often feels more approachable, encouraging higher engagement from your audience. Building Trust : Personal touches like including your family name can build trust, essential for long-term relationships with clients or the community. Creative Ideas for Using Personalized Flyers Family-Owned Business Promotions : Perfect for showcasing the proud heritage and personal touch of your family business. Community Events and Gatherings : Ideal for invitations or announcements for events where a personal connection is key. Real Estate Marketing : Adding a personal touch for real estate agents who want to emphasize their commitment to local families and communities. How to Get Started Getting started with your personalized flyers is easy. Contact us with your requirements, and our team will guide you through the design process. We’ll discuss your vision, preferences for design, and how best to feature your family name on the flyer. Success Stories and Examples Check out our portfolio for examples of how we’ve successfully incorporated family names into flyers for various clients. From local businesses to personal events, see how this personal touch has made a difference. Conclusion Adding your family name to your flyers is more than just a customization; it's about creating a connection with your audience. At Whitaker Marketing Group, we’re committed to helping you achieve this. Reach out to us today to start designing flyers that not only convey your message but also tell your family’s story. We look forward to helping you create flyers that stand out and speak directly to your audience, with the warmth and familiarity that only a family name can bring. David Whitaker | Iowa Land Guy Read More

Farmland, Iowa, National, Auction, Farming

Does your company have a national reach?

Does Your Company Have a National Reach? Top 50 Questions about Farmland Hey, it's the Iowa land guy. And here's the top 50 questions that I get asked about farmland. Does your company have a national presence is a question I get asked quite often. And although yes, we do. Um, most of the farms that sell in Iowa, remember it's production agriculture. So the buyers are normally producers and those producers live close to where that location of your farm is typically within about 50 miles of your farm is where most other farmers or landowners will travel. to come buy your farm and be the new producer or new operator for production agriculture. Now does that mean that somebody from New York or Tennessee or Virginia or California is not a buyer on your farm? It totally depends. It totally depends. If you have hunting ground in southern Iowa, Then yes, uh, wholeheartedly, we need a national reach. If it is, uh, middle of the state of Iowa, and it is, uh, square, flat, black, and it's all, uh, production, agriculture, corn and beans, it might have less of an effect, but we want to make sure that we're hitting potential investors. that would have that national reach as well. So, uh, at Whitaker Marketing Group, we, uh, market nationally with every auction, uh, to that group of investors on all the websites, uh, where people would see it nationally as well. So, do you have a national presence? Wholeheartedly. Um, it really depends on your farm of who that buyer might be, but we want to make sure that we hit every buyer type and asset class, uh, when it comes to selling your farm. David Whitaker | Iowa Land Guy Read More

Selling a farm that is rented

Selling a farm if it's rented or leased?

Selling a Farm if it's Rented or Leased? Top 50 Questions about Farmland  Hey, it's the Iowa land guy. And here's the top 50 questions that I get asked about farmland. Can I sell my farm if it has been rented out or leased for this year? So remember in Iowa leases or lease termination rather is due in September. So if you haven't served lease termination, yep, we can still sell your farm. If you have served lease termination, great. Then it's an open lease agreement for the next year, which oftentimes brings a little bit more money. Um, they're, the new buyer is not subject to the lease that's in place, but just like selling a hotel or selling a, uh, uh, shopping mall, they don't kick everybody out to then sell the property. Um, they sell it subject to the lease. You can also sell subject to the lease. And so, then the question becomes, who gets the cash rent? Um, sometimes it depends on the time of year, sometimes it depends on the motivation of the seller, and sometimes it depends on the motivation of the buyer. That's a conversation that we have with with all of our sellers is, uh, what are we going to do with the cash rent this year? There's also tax implications to think about. If you collect the cash rent, it might be ordinary income. If you take it as a deduction off the price, you might have less capital gains tax. So lots of things to think about when it comes to cash rent and is your farm leased for the year? David Whitaker | Iowa Land Guy Read More

Advertising your Company

How does your company advertise?

How Does Your Company Advertise? Top 50 Questions about Farmland  Hey, it's the Iowa land guy. And here's the top 50 questions that I get asked about farmland. How do you advertise million dollar question here? And every company is going to do this one different, um, ways that we advertise. We do new school advertising and old school advertising. I'm going to call it. So one of our most successful advertising is actually putting a sign on the yard. Number one reason when I asked people at an auction, how did you hear about it? The signs. So we use bigger signs. So I try to put four foot signs on your property to draw attention. Um, works amazing. And also we put wayfinding signs to the farm. So from every paved road, we bring wayfinding signs in to your farm. Okay. That's maybe an old school way of doing it. Another old school way is a direct mail. You think, man, that that's antiquated, but I'm telling you what, um, it's disruptive marketing where we put your farm right in front of everybody's hand, even if they're going to throw the post. Don't scarred away. They got to throw it away and they got to look at it. So, we send out, uh, uh, to every farmer around the area. Most of the time we send it to every farmer or every person who owns farmland in the county. One thing that we do, uh, uh, better than most is marketing. So, let's just take a simple postcard and, uh, turn up the juice a little bit. So, not only are we just sending a postcard to everybody. I'm going to find all the people, geospatially, so most farmers farm within 50 miles. I'm going to find all the farmers that farm within 50 miles of you, using USDA records or, uh, farm ID records, and I'm going to make sure that they get your postcard. Also, who buys farmland? Arguably, People that already own farmland. So I'm going to hit every other farmer or every other landowner rather that owns farmland near you, they probably want to keep their portfolio somewhere close together. So I'm going to make sure that they get direct mail as well. That it's not where it stops. It keeps going from there. One thing that we pride ourself in is digital marketing. So I'm sure you've shopped for something on the internet. And then for like the next week you see like, man, I was just shopping for that up here in the upper right side. We do that. Those are called remarketing ads. So social media wise, from Instagram to Facebook to tick talk to, uh, um, any platform that. Uh, we're seeing, uh, traffic in, we're going to have your farm on that platform just to get more eyes on it. Now, maybe those people don't have the money to buy your farm, but I bet you they know somebody that does. So social media is awesome because they're going to say, Hey, I know Brent was looking for a farm like that. Hey Brent, check this out. And they will automatically send it to him. So that works really good. So, digital marketing that way, where we'll, in a sense, follow you around the internet, um, if you've clicked on something before. So if you've come to our website, if you've typed in farmland, we target market those keywords. Looking to buy farmland. Looking to buy a farm near me. Uh, keywords that people are searching the internet with. We want to make sure your farm's in front of them to get the highest and best, most successful outcome. So other things that we do, uh, I'm a part 107 drone pilot. I love to go out and fly the farm. It lets me get good eyes on your farm and helps make a promotional video. And we know that the number one thing people do on the internet is watch videos. So we want them to watch videos about your farm. Now, do we use newspapers? We sure do. So we'll use local newspapers. And we'll also use regional newspapers, uh, if it's warranted. Uh, do you do radio ads? We sure do. Um, we'll do a radio ad. We have all the ability to record those ads ourselves. We can customize it to your farm and put it out to the masses. So what I'm telling you is we don't want to leave any rock unturned. We're going to do radio ads. We're going to do, uh, TV ads. If warranted, we're going to do a newspaper ads, drone video, social media. We're going to do search engine optimization ads. We are going to do direct mail marketing. We're going to put signs on the property and then there's just the good old coffee shop. I like to go to the coffee shop. Our agents walk around. We go to the co op and the elevators, the grain elevators and make sure that we're talking with the local farmers. One advantage that we have is that we, uh, have local guys, uh, mixed all over the state. And so if they're all over the state, they arguably know the local farmers, and that is a huge asset. Uh, uh, more of a national reach, but with a local feel, uh, people like to do business with people that are local and they trust them more. One of the other things we do is hang flyers. So while we're going around to talk with all the local farmers, we want to make sure that we have professionally made booklets that, uh, showcase your family farm, your heritage, and we post them around, uh, at banks, law offices. We talk with attorneys and bankers and we talk with, local business owners. Stop at the coffee shop. Stop at the co ops and make sure that, uh, there's no, uh, um, no place that they didn't see your farm. No argument not to. There's other places to list your farm that maybe you haven't thought about yet. What about the investor buyer? And that investor buyer tends to search the internet on specific websites like LandWatch. com, LandsOfAmerica. com, LandAndFarm. com, LandBrokerMLS. There are a lot of syndicate sites out there. LandSearch, kind of like the Zillow for farmland. Of course we're on those websites as well and we post all of your marketing on those websites and bring traffic back to our website. Once they come back to our website, then we know who they are and we make sure that they keep seeing the ad so that they have, uh, all the opportunity to potentially, uh, put their mind at ease that they're buying the right farm and the right location for the right price and make sure that they're prepared when they come to the farmland auction. David Whitaker | Iowa Land Guy Read More

Why Choose Whitaker Marketing Group?

Why Choose Whitaker Marketing Group?

Why Choose Whitaker Marketing Group for Selling Your Farmland When it comes to selling your farmland, selecting the right team to represent your interests is crucial. Whitaker Marketing Group stands out as a premier choice for numerous reasons, offering unparalleled service and expertise in the agricultural real estate market. Here's why Whitaker Marketing Group should be your go-to for selling your farmland. 1. Expertise in Agricultural Real Estate: Whitaker Marketing Group specializes in agricultural properties. This focus means they have a deep understanding of the nuances and specific needs related to farmland sales. Their expertise ensures that your property is not just another listing but is treated with the care and attention it deserves. 2. Innovative Marketing Strategies: In today's world, traditional marketing techniques are not enough. Whitaker Marketing Group employs innovative marketing strategies that encompass digital marketing, social media, and targeted advertising. This approach ensures that your property reaches the widest possible audience, including potential buyers beyond your local area. 3. Exceptional Customer Service: Selling farmland can be a complex and emotional process. Whitaker Marketing Group prides itself on providing exceptional customer service, ensuring that you are supported and informed throughout every step of the sale. Their team is always accessible to answer your questions and provide guidance. 4. Proven Track Record of Successful Sales: Whitaker Marketing Group has a proven track record of successful farmland sales. This history of success is a testament to their expertise, marketing strategies, and commitment to their clients. When you choose Whitaker Marketing Group, you're partnering with a team that has a demonstrated ability to achieve results. 5. Comprehensive Market Analysis: Understanding the value of your farmland is crucial for a successful sale. Whitaker Marketing Group provides comprehensive market analysis to ensure your property is priced competitively. Their in-depth understanding of market trends and pricing strategies means that you will receive the best possible return on your investment. 6. Network of Potential Buyers: Whitaker Marketing Group has built a vast network of potential buyers, including farmers, investors, and developers. This network increases the likelihood of finding the right buyer for your property, often leading to quicker sales and better offers. In conclusion, Whitaker Marketing Group offers a combination of expertise, innovative marketing, exceptional service, and a proven track record that makes them an ideal choice for selling your farmland. Their dedicated team is committed to ensuring that your property is showcased to the right audience and that your sale is as smooth and successful as possible. Choose Whitaker Marketing Group for a partner you can trust in the journey of selling your farmland.Read More

Do we need an appraisal on the farm?

Do we need an appraisal on the farm?

Do We Need an Appraisal on the Farm? Top 50 Questions about Farmland Hey, it's the Iowa Land Guy and here's the top 50 questions that I get asked about farmland. Do I need to get an appraisal on my farm before I sell it? I'm going to argue that no you don't, because an auction is a... Live in person appraisal of what somebody's willing to give it's the most accurate way to determine the value of your farm now Our appraisals important you bet they are so oftentimes taxes are a big part of selling your farm So there is a number called a date of death appraisal. So when we inherited the farm What was the value? And we determine that value for what's called a basis, a tax basis. What is the value of my farm when I inherited it? Now when we sell it, what is the value of it at that point? That is the real life appraisal, uh, an auction or the price that somebody was willing to give. The difference in those two numbers sometimes is very important. But does that basis need to be determined, be determined by a certified appraiser? And what's the difference between a certified appraiser and a broker opinion of value or a land valuation from a broker? So, an appraiser, a certified appraiser has to be certified and USPAP certified. So that's the, the federal, um, uh, law, uh, the unified, uh, uh, code for appraisers of how they do it. Okay. So they're under some scrutiny and rules. They also go to school. Most have a four year degree, go to school for, uh, uh, 26, 700, uh, it might be 800 hours, 2, 800 hours of apprenticeship under. a licensed appraiser to learn the craft before they move forward. The real determining factor here is comparable sales. So most appraisers, uh, value farmland two different ways. Whether it's a farmland broker doing evaluation, an auctioneer doing evaluation, a broker opinion of value, or an appraiser, we look at it a couple different ways. First way, comparable sales. So within eight miles of that farm, within 50 miles of that farm, What other farms sold that look just like your farm? So is it the same soil type? Does it lay the same? Is the farmability the same? What's the topography? Then we know if the neighbors were willing to give 15, 000 on this other farm, they'll probably give 15, 000 on your farm. So we use a scoring system to do that and then we we put what are the comparable sales to your farm into a valuation or an appraisal. Okay, different terminology, similar, similar items. Now, everybody has a different level at what they do this to. The second way that a lot of appraisers value your farm is a cost approach. So, if an investor was willing to buy the farm, how much money does it make? And most farms, uh, in Iowa anyway, want about a 2. 5 percent return. Now, if there's cap rate compression, that comes down. If there's cap rate, uh, uh, expansion, it goes up. Maybe they want a 5 percent return. So that's a moving number at any given time. So this is why you hire a trusted professional to help you with a price on the farm. Now, we'll take that, uh, uh, cap rate that they can make on it, we'll find out how much would an investor be willing to give to get the same amount of money by renting out the farm. What do the crops yield on it, etc, etc, etc. So, what you're getting is a Broker opinion of value evaluation or a appraisal but two ways are going to value your farm most often or more times than not Now if I was getting one and I was a seller I would make sure that they can show me the proof in the pudding The days of I think it's worth 15, 000 because I've been in business for 45 years That does hold some weight. You've been in the area, you know the area however Um, data is huge, and that market changes so fast, if they're following the data, they'll be able to show you, here, here is the data of other farms that sold six months ago, and this is why I think your farm is at this price, or this is why I value. your farm at this price. So, hopefully that helps with should I get an appraisal, and then what am I looking for in an appraisal? So, yes, um, you might need an appraisal. An attorney might tell you for an estate or a receivership that you need an appraisal. Oftentimes, if you're just looking for a farmland basis number of what you have in it, that can be a broker opinion of value, that can be a land valuation, that can be a certified appraisal. Now, if it's a divorce, you might need that certified appraisal. If it's a, a, a dissolution of a partnership, you might need that appraisal. But, uh, past that, broker opinion of value goes a long ways and often times is a little bit more cost effective. David Whitaker | Iowa Land Guy Read More

Taking a Break at an Auction

Can you take a break at the auction?

Can You Take a Break at the Auction? Top 50 Questions about Farmland Hey, it's the Iowa land guy. And here's the top 50 questions that I get asked about farmland. Do you take a break at the auction or how fast does it go? Yes, we do. So on farmland auctions, they're typically a little bit different than selling cattle. If you happen to have been to another auction where they went very quick and it was a one, two, three and sold, um, farmland is a. big, big decision and it's a lot of dollars that are moving. So with that, we want to make sure that we're reading the crowd and giving everybody fair chance and time, um, to make that educated decision on a large dollar volume. So typically what we do is we sell, sell, sell, uh, we get the price up and, uh, uh, to where, uh, the, the bidding starts to slow down. We take a break. We normally have some kind of treats at the break. At that point, we talk with you, the seller in the back room. Uh, just let you know what we're seeing. Uh, how many bidders, who's bidding, who might be interested, do we think or feel that there are more bids in the crowd? And then, uh, go back, uh, have, has the reserve met, or has it not met? Go back to the crowd, and after we go back to the crowd, we tell them, hey, ladies and gentlemen, the farm is going to sell today. Arguably, when they know that the farm is going to sell, um, we normally, typically, Farmers don't necessarily want to show you their checkbooks, so they're not going to bid, um, 2 million to let all their neighbors see that they have that, unless they know that they're going to buy the farm. So, it's kind of a funny thing, but we do take a break for all those reasons, uh, indicated there. Um, sometimes we just need to take a break because the internet doesn't work. bidders said that the internet connection was slow and we wanted to make sure that they had full opportunity to bid. So, again, back to that auctioneer and the decision maker. Um, they're reading the crowd constantly, they're reading all the conditions of the room, and making the decision when it is appropriate and if they should take that break. David Whitaker | Iowa Land Guy Read More