That’s a wrap for May 2022 auctions in Iowa.  48 tracts sold, bringing just over 4,000 acres to the market (this is less than half of the 8,600 acres that sold in April.)  These tracts brought an average dollar per acre of $11,837, average dollar per tillable acre of $15,072 and average dollar per CSR2 of $193.  The average dollar per CSR2 is up $1 per point from April's average of $192/CSR2 and up 11% from the Q1 2022 average of $174/CSR2. 

The high dollar per CSR2 sale of the month went to a Jackson County cropland farm with 46.6 acres and a CSR2 of 64.2 which brought $17,700 per acre or $289 per CSR2. 

The high dollar per gross acre sale went to a Plymouth County 96-acre cropland farm with 92.7 CSR2.  It brought $25,000 per acre or $270 per CSR2.  

The appraisal team at Peoples Company also tracked 15 tracts that sold at public auction in Minnesota.  These tracts brought an average dollar per gross acre of $8,909 and an average dollar per tillable acre of $11,020.

Peoples Company Auctions:
Listing #16076 - 139.75 Acres M/L in Guthrie County, Iowa
Listing #16095 - 102 Acres M/L in Clinton County, Iowa

Click here to view the Iowa Land Values Update for 2022 Quarter 1.

Below is a map of the auction data for May 2022 in Iowa.

Below is a map of the auction data for May 2022 in Minnesota.

Below are results for land auctions that occurred in May 2022. These are all agricultural real estate auctions containing greater than 35 acres. Dollar per CSR2 was calculated only for those tracts containing greater than 85% tillable with minimal improvement contribution. Data is presented on a monthly and quarterly basis, and can be found on our website: https://peoplescompany.com/