October 2024 Farmland Market Overview
The Iowa land market remains strong as we enter the final quarter of 2024, with consistent trends shaping pricing and demand. One thing is clear: location continues to be a major driver of land values, with certain regions seeing exceptional activity.
Rising Auction Activity
Over the past two months, auction volume has increased steadily—a positive sign as we approach year-end. This surge shows strong interest from both farmers and investors. The demand spans across land types, from prime row-crop farms to smaller rural properties and lifestyle acreages.
Regional Trends and Market Outlook
Land values vary widely across Iowa, driven by soil productivity, regional buyer activity, and access to local markets. Overall, the statewide outlook remains positive. Demand is steady, and well-positioned properties continue to sell quickly and competitively. As 2024 closes, both buyers and sellers are approaching the market with confidence.
Looking Ahead
As we move into late fall, expect continued competition for high-quality tracts and selective demand for lesser-quality ground. Staying informed on regional pricing and marketing early will help sellers maximize results and position themselves for a strong start in 2025.
For a detailed breakdown of regional pricing and auction activity, see the charts below.
David & Ann Whitaker | Iowa Land Guy
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Iowa farmland values by district, May through October 2024, with high, medium, and low CSR2 averages.
Iowa farmland price trends from October 2023 through September 2024.
Monthly Iowa farmland auction activity comparison: 2023 vs. 2024.
High, medium, and low farmland value trends across Iowa – January to October 2024.
