My name is Pat Lentz, Central Iowa Land Specialist with High Point Land Company. I hope everyone is staying dry and keeping cool.
We have been seeing some nice rain totals in central Iowa, and the furnace is going to heat up with temperatures expected into the mid-90s. This should help the crops continue to flourish in this ideal growing weather. Keep alert to any severe weather that may pop up.
The grain markets are continuing to trade decently, with projected crops in 2025. Any potential for a weather scare is currently being limited by the decent weather we’re having. One positive is that demand and exports are still strong.
Stocks and other markets continue to trade on global news and the Israel-Iran war. The Federal Reserve decided to leave interest rates unchanged at its June meeting. Rates have been the same since December 2024.
All of these topics can affect the Iowa land market, and today I’d like to provide a brief market update with a special focus on Boone County, highlighting why it continues to be a strong and resilient land market.
Boone County Market Update
In 2024, Boone County, Iowa, posted an average land sale price of $13,098 per acre, equating to approximately $151 per CSR2 point. The scarce few sales that have recently taken place continue to fall into those price ranges. We have seen minimal land change hands in the county, and that trend of tight inventory continues today.
When farms do come available, they attract strong buyer interest and often command premium prices. Local farmers, investors, and 1031 exchange buyers are ready to act quickly and competitively when quality properties hit the market.
Looking ahead, I anticipate the possibility of increased land availability later this year. I believe now represents a unique opportunity for sellers to take advantage of high demand and limited supply to achieve top-of-the-market pricing.
If you’ve been thinking about selling or would simply like to know what your land may be worth in today’s market, I’d welcome the opportunity for a confidential, no-obligation conversation.
Thanks for tuning in—and as always, feel free to reach out with any questions or to discuss your property. Now remains an exceptionally favorable time for Boone County landowners.
Do you want to learn more?
If you’re considering buying or selling land, reach out to a local High Point Land Company agent. For more questions regarding land real estate, visit our YouTube Knowledge Center!
