This is a late October picture of Italian Rye Grass.

There were 13+ tracts of land sold at auction between November 19th and November 25th.  This was a lighter week for land auctions with the Thanksgiving holiday. During these auctions, there was a total of 1,130 +/- acres available for purchase and of those acres, 715 +/- were tillable acres.  The Price/Acre ranges from $2,700/acre for hay and timbered land in southeast Iowa to $10,300/acre for tillable land in central Iowa.   

A few of the highlights from last week:

• 120 acres sold in Story County for $10,300/acre with a CSR2 of 88.4

• 138 acres sold in Delaware County for $9,594 /acre with a CSR2 of 76.9

• 85 acres sold in Keokuk County for $7,750/acre with a CSR2 of 69.5

• 73 acres of CRP/tillable/hay sold in Keokuk County for $2,700/acre

The most active area consisted of Mahaska & Keokuk Counties where there were 350 +/- acres sold at auction. These acres were all successfully sold. A couple of the tracts had drainage issues and sold for $83-$103/CSR2 point. On other hand, a couple of the tracts were very desirable and brought $120-$162/CSR2 point. Overall, the land market appears to continue to move “sideways” with a few higher dollar sales occurring now that harvest is winding down.

Thank You!

The Peoples Company Appraisal Team