Posted by Jim Rothermich | Published September 6, 2016
Greetings! This week was active with land auctions. There was a total of 2,662 acres offered at auction, of those acres, there were 2,224 tillable acres. I would describe the auction results for the most part as strong, but there were a couple of sales I thought were light. There were no “no sales”. All farms sold. A few of the highlights from last week:
This week was a very good week to test the land market in Iowa. It appears quality cropland continues to sell very well and combination crop/pasture farms sell very well too. Yes, there were a couple of tracts I considered light but there were a couple of tracts I considered very strong. Still seeing farmers driving the market with very few investors getting anything bought. It appears farmers are willing to pay up for quality. I’m continuing to hear from farm managers that some tenants are terminating their leases with landlords, and agents are expecting to see a fairly active fall for land auctions. Next week there appears to be 1,300 acres offered at auction throughout the state.
Check back in next week to see what has been happening with auctions from around the state, and be sure to check out our July auction results. Please make sure and hit the “like” button on Facebook and follow us on Twitter @PeoplesCompany and @TheLandTalker.
“That is my story & I’m sticking to it”.
Thanks, Jim “the Land Talker”