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Land Auction Results - May 2023

June 1, 2023 - Ashley Poduska
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Though there were a few very slow weeks last month, May 2023 saw 39 tracts or 3,958 acres sell at public auction in Iowa. That auction volume is down only 3% from May 2022 and up 66% from April 2023's volume.

Iowa Results
Tracts Sold: 39
Acres Sold: 3,958
Average $/Acre: $10,905
Average $/Tillable: $12,400
Average $/CSR2: $166
Change from Last Month: -16%
Change from 2022 Q4: -6%
One Year Change: -14%

The high $/acre sale of the month went to a Story County 76.82-acre cropland farm with some development potential. Honorable mention goes to Tract 5 of a Peoples Company Jasper County auction. 59.9-acres sold for $16,400/acre or $247/CSR2.

Peoples Company Auctions
Listing #16724 - 160 Acres M/L in Greene County, IA
Listing #16680 - 1,183.97 Acres M/L in Jasper County, IA
Listing #16758 - 79.77 Acres M/L in Clinton County, IA
Listing #16756 - 80 Acres M/L in Audrain County, MO
Listing #16711 - 150.75 Acres M/L in Clinton County, IA

Click HERE to view the Iowa Land Values Update for 2023 Quarter 1.

Below is a chart showing the auction volume in Iowa since March 2021.

Illinois Results
Tracts Sold: 1
Average $/Acre: N/A

Minnesota Results
Tracts Sold: 2
Average $/Acre: N/A

Missouri Results
Tracts Sold: 6
Average $/Acre: $9,042

Nebraska Results
Tracts Sold: 6
Average $/Acre: $9,000

Wisconsin Results
Tracts Sold: 4
Average $/Acre: N/A

Below is a map of the auction data in the Midwest for May 2023.

Below are results for land auctions that occurred in May 2023. 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/
 

Sale Date State County Land Type Gross Acres $ Per Acre CSR2
05-02-2023 MO Howard Dwelling/Rec 49.00 $ 9,429 --
05-03-2023 MN Meeker Cropland 156.19 $ 4,921 54.9
05-03-2023 IA Montgomery Cropland 153.42 $ 12,941 84.7
05-05-2023 IA Jones Cropland 118.00 $ 10,800 64.8
05-10-2023 IA Jones Cropland 51.00 $ 6,195 54.6
05-10-2023 IL Mercer Cropland 68.64 $ 9,600 111.7
05-10-2023 IA Union Cropland/CRP 250.98 $ 7,450 72
05-11-2023 IA Clayton Cropland 68.00 $ 8,800 49.5
05-11-2023 IA Clayton Cropland 80.00 $ 7,650 46.1
05-12-2023 NE Pierce Cropland 160.00 $ 9,000 33.7
05-12-2023 NE Pierce Cropland 160.00 $ 9,200 37
05-12-2023 NE Madison Cropland 160.00 $ 8,850 42.3
05-12-2023 NE Madison Cropland 160.00 $ 8,750 51.9
05-12-2023 NE Madison Cropland 161.83 $ 9,000 41.9
05-12-2023 MO Audrain Cropland 80.00 $ 8,650 65.5
05-12-2023 NE Pierce Cropland 155.00 $ 9,200 45.9
05-16-2023 IA Clayton CRP 22.00 $ 8,000 38.5
05-16-2023 IA Clayton CRP 57.00 $ 5,700 39.4
05-17-2023 IA Clarke Cropland 80.00 $ 7,800 69.8
05-17-2023 IA Clarke Cropland 80.00 $ 8,750 73.1
05-17-2023 MO Montgomery Cropland 76.99 $ 12,600 70
05-17-2023 IA Clarke Cropland 160.00 $ 8,600 66.3
05-17-2023 MO Montgomery Cropland 78.20 $ 12,600 69.6
05-19-2023 IA Cerro Gordo Cropland 146.27 $ 13,600 87.8
05-19-2023 IA Cerro Gordo Cropland 77.12 $ 14,100 87.3
05-19-2023 IA Cerro Gordo Cropland 78.00 $ 11,700 88.5
05-23-2023 IA Adams CRP/Rec. 142.37 48.9
05-24-2023 IA Des Moines Cropland 67.67 $ 13,000 87.1
05-24-2023 IA Des Moines Cropland 72.79 $ 12,200 84.8
05-24-2023 WI Dunn MFL 40.00 $ 5,900 --
05-24-2023 WI Dunn Cropland/MFL 40.00 $ 9,200 66
05-24-2023 IA Des Moines Cropland 67.26 $ 12,100 72.6
05-24-2023 WI Dunn Cropland/MFL 35.00 $ 6,600 64.9
05-24-2023 WI Dunn Cropland/MFL 37.85 $ 5,900 64.7
05-25-2023 IA Clarke Cropland 160.00 $ 13,700 86.2
05-25-2023 IA Greene Cropland 180.00 $ 9,700 83.1
05-25-2023 IA Jackson Cropland 124.31 $ 11,500 74.1
05-25-2023 IA Jackson Cropland 30.87 $ 13,600 89.5
05-25-2023 IA Jackson Cropland 99.46 $ 12,700 83.3
05-25-2023 IA Jackson Cropland 33.27 $ 11,100 57
05-25-2023 IA Jackson Cropland 59.90 $ 13,400 74.2
05-25-2023 IA Jackson Cropland 40.00 $ 13,600 87
05-25-2023 IA Jackson Cropland 103.74 $ 9,800 70.8
05-25-2023 IA Jackson Cropland 156.66 $ 7,500 71.7
05-25-2023 IA Jackson Cropland 140.23 $ 6,600 59.8
05-25-2023 IA Jackson Recreational 316.07 $ 3,300 64.7
05-25-2023 IA Jackson Cropland 79.46 $ 5,600 76.6
05-26-2023 IA Hardin Cropland 158.00 $ 10,600 53.3
05-26-2023 IA Hardin Cropland 119.00 $ 11,250 64.7
05-26-2023 IA Hardin Cropland 74.15 $ 15,500 72.1
05-26-2023 IA Fremont Cropland 80.00 $ 16,500 87.7
05-26-2023 IA Fremont Cropland 80.00 $ 17,550 87.9
05-30-2023 IA Sioux Cropland 76.82 $ 18,700 77.7
05-31-2023 IA Hardin Cropland 146.49 $ 9,700 54.8
05-31-2023 IA Page Cropland 33.89 $ 16,400 71.5
05-31-2023 IA Page Cropland 35.75 $ 7,600 68.3
06-01-2023 IA Buena Vista Cropland/Dwelling 154.60 $ 92 --
06-01-2023 IA Hardin Cropland 79.00 $ 56 --
06-01-2023 WI Iowa Transitional 17.35 $ 74 --
06-01-2023 WI Iowa Transitional 69.57 $ 75 --
06-01-2023 WI Iowa Transitional 14.32 $ 69 --
06-01-2023 WI Iowa Transitional 61.04 $ 65 --
06-01-2023 IA Buena Vista Cropland/Dwelling 154.60 $ 92 --
06-01-2023 IA Hardin Cropland 79.00 $ 56 --
06-01-2023 WI Iowa Transitional 17.35 $ 74 --
06-01-2023 WI Iowa Transitional 69.57 $ 75 --
06-01-2023 WI Iowa Transitional 14.32 $ 69 --
06-01-2023 WI Iowa Transitional 61.04 $ 65 --
Published in: Land Values