SEPTEMBER 2022 IOWA FARMLAND VALUE | IOWA LAND GUY

A Harvest-Time Perspective on Farmland Markets

David’s instructions while he’s away: no talking cows and stay focused on farmland markets.

As I was mixing feed for the cattle tonight (yes, I said it), I could hear combines running across the countryside. Harvest is in full swing here in Iowa. Even better, we are already hearing reports of stronger yields than expected. That is always welcome news for our farming families.

Strong yields help support confidence in agriculture. They also tend to spark renewed interest in farmland ownership.

Why November Is a Popular Month for Land Sales

Interest in farmland continues to build, and many are asking whether more farms will hit the market than last November. Historically, November has been one of the most active months for land sales. There are several reasons why.

First, harvest is complete. Bins are full, and cash flow is stronger. As the saying goes, full bins sell farms. When producers feel confident, they are more willing to make decisions.

Second, timing plays a role. Lease terminations are served in September. That timeline often leads to November auction dates once marketing and preparation are complete.

Finally, there are financial and tax considerations. A November auction allows enough time to close before year-end. This timing can benefit both buyers and sellers as they finalize annual financial plans.

When Is the Right Time to Buy or Sell?

Two of the most common questions we hear are, “When is the right time to sell?” and “When is the right time to buy?” Unfortunately, there is no crystal ball.

Agriculture is always changing. Markets shift. Weather impacts outcomes. Personal and family goals evolve. Because of that, the best answer is simple: when it is right for you.

If you are ready to sell, the current market provides strong opportunities. If you are looking to buy, prepare now. November often brings increased inventory, and being ready matters.

Above all, stay informed and plan ahead. I wish everyone a safe, successful, and bountiful harvest season.

Sincerely,
Ann

Recent Iowa Farmland Auction Results

  • 154 auctions

  • 17,902 acres sold

Statewide averages:

  • Average price: $11,809 per acre

  • High-quality land: $13,913 per acre

  • Medium-quality land: $9,761 per acre

  • Low-quality land: $6,052 per acre

Our Mission; Is to be your “Trusted Advisors”, Our obligation; is to market your farmland to the largest audience yielding you the most successful outcome!

David & Ann Whitaker | Iowa Land Guy
When you think of Farmland Think of US!

Iowa land trends by crop reporting district showing high, medium, and low farmland values per acre and per CSR2 from April 2022 to September 2022.
Iowa farmland values by crop reporting district from April through September 2022, highlighting price per acre and value per CSR2 across high, medium, and low quality land.

Iowa Land Values by CSR Score: Green= 75-100CSR Tan=50-75CSR Orange= less than 50CSR

Monthly Iowa farmland sale prices per acre showing trends for high, medium, and low quality land from September through the following September.
Monthly Iowa farmland values per acre, highlighting price trends for high-, medium-, and low-quality ground over a rolling 12-month period.

Farmland in Iowa by Acres Sold

Bar chart comparing acres sold per month in Iowa farmland auctions for 2021 and 2022, showing monthly sales volume differences year over year.
Monthly Iowa farmland acres sold at auction, comparing 2021 and 2022 sales volume and highlighting seasonal shifts in land brought to market.

Farmland Values in Iowa across the state

Bar chart showing average Iowa farmland sale prices per acre by month, illustrating price trends from October through September.
Monthly average Iowa farmland prices per acre, highlighting seasonal pricing trends and overall market stability throughout the year.

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