The 2023 Iowa harvest season is well underway. Early yield reports show variable results — e.g., you don’t have to look very hard to find 35-bushel beans or 75-bushel beans! Seems strange to write that, but the haves and have-nots from a rainfall perspective have both showed up this year.

Farmland sales across the state continue. It’s not the same “go-go” market of 2022, but the market is certainly not weak. You don’t have to look very hard to find activity at or above $15,000 per acre. Even in areas with inconsistent rain, there seems to be ample liquidity from recent-year profits that are powering many land purchases.

SALES STABLE: Farmland sales across the state of Iowa have been stable.

Higher interest rates and lower grain prices are both headwinds for the land market, but lower sale volume — thereby supporting demand — is helping to offset the pressure. Full harvest results will influence land sales between now and year-end. But for now, the land market seems to be holding its own.

Pocahontas County. Located east of Palmer, ±114 acres recently sold at public auction for $11,400 per acre. The farm consisted of ±113 tillable acres with a CSR2 (corn suitability rating) of 83.8, and equaled $137 per CSR2 point on the tillable acres.

Winnebago County. Located near Thompson, ±77 acres recently sold at public auction for $15,800 per acre. The farm consisted of ±75 tillable acres with a CSR2 of 85.2, and equaled $190 per CSR2 point on the tillable acres.

Buchanan County. Located southeast of Jesup, ±152 acres recently sold at public auction for $16,700 per acre. The farm consisted of ±152 tillable acres with a CSR2 of 79.1, and equaled $211 per CSR2 point on the tillable acres.

Calhoun County. Located east of Rinard, ±135 acres recently sold at public auction for $15,250 per acre. The farm consisted of ±134 tillable acres with a CSR2 of 85.1, and equaled $180 per CSR2 point on the tillable acres.

Webster County. Located southeast of Otho, ±156 acres recently sold at public auction for $17,000 per acre. The farm consisted of ±155 tillable acres with a CSR2 of 84.6, and equaled $202 per CSR2 point on the tillable acres.

Benton County. Located southwest of Keystone, ±98 acres recently sold for $20,900 per acre. The farm consisted of ±97 tillable acres with a CSR2 of 95.6, and equaled $221 per CSR2 point on the tillable acres.

Taylor County. Located southwest of Corning, ±120 +/- acres recently sold at public auction for $9,100 per acre. The farm consisted of ±114 tillable acres, with a CSR2 of 55.8, and equaled $172 per CSR2 point on the tillable acres.

Madison County. Located southwest of Cumming, ±160 acres recently sold for $8,100 per acre. The farm consisted of ±105 tillable acres with a CSR2 of 72.6, and equaled $170 per CSR2 point on the tillable acres. Note: The balance of acres was timber and waterways.

Henry County. Located north of Mount Pleasant, ±76 acres recently sold at public auction for $11,225 per acre. The farm consisted of ±73 tillable acres with a CSR2 of 80.0 and equaled $146 per CSR2 point on the tillable acres.

Hertz Real Estate Services compiled this list, but not all sales were handled by Hertz. Call Hertz at 515-382-1500 or 800-593-5263, or visit hertz.ag.