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Weekly Auction Results: 4/9/23-4/15/23

April 17, 2023 - Ashley Poduska
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There were 11 tracts of land offered at public auction in Iowa April 9-15. During these auctions, there was a total of 889 acres available for purchase and of those acres, 83% were tillable.

Tracts Sold: 11
Average $/Acre: $13,952
Average $/Tillable: $15,934
Average $/CSR2: $199
1 Week % Change: -2%
Change from Q1 2023: +12%

The high sale of the week went to a Dubuque County 36.81-acre cropland farm with an acreage that sold for $21,325 per acre.

The high dollar per CSR2 sale was a 50-acre cropland farm that sold for $20,000 per acre or $236 per CSR2 point.  This farm was sold by Peoples Company’s own Matt Adams.

Below is a chart tracking the weekly change in dollar per acre, dollar per tillable acre, and dollar per CSR2 over the past 12 months.

Sale Date State County Land Type Gross Acres $ Per Acre CSR2
04-10-2023 MO Randolph Cropland/Rec 246.10 $ 7,100 68.3
04-10-2023 MO Randolph Cropland 79.30 $ 12,300 72.3
04-10-2023 MN Grant Cropland/Rec 116.00 $ 5,200 67.6
04-11-2023 IA Dickinson Acreage/Cropland 36.81 $ 21,325 70.1
04-11-2023 IA Jefferson Cropland 78.00 $ 16,600 84
04-11-2023 IA Jefferson Cropland 39.00 $ 16,600 87.9
04-11-2023 IA Washington Cropland 47.00 $ 13,300 76
04-11-2023 IL Edgar Cropland 78.67 $ 15,100 85.8
04-11-2023 IL Champaign Cropland 37.28 $ 17,250 143
04-12-2023 MN Yellow Medicine Cropland 156.27 $ 7,950 84.1
04-12-2023 MN Yellow Medicine Cropland 39.31 $ 7,950 92.2
04-12-2023 MN Wright Cropland 73.77 $ 4,050 50
04-12-2023 MN Martin Cropland/CRP 154.95 $ 10,700 82.1
04-12-2023 IA Palo Alto Cropland/Pasture 156.40 $ 7,800 42.1
04-13-2023 IA Calhoun Cropland 50.00 $ 20,000 87.5
04-13-2023 IA Madison Cropland 77.00 $ 5,300 52.2
04-13-2023 NE Nance Pasture/Rec 156.67 $ 3,400 53.4
04-13-2023 IA Black Hawk Cropland 39.50 $ 14,100 84.8
04-13-2023 IA Fremont Cropland 120.00 $ 12,400 79.9
04-13-2023 MN Swift Cropland 156.00 $ 6,700 80.9
04-13-2023 MN Swift CRP 40.00 $ 4,050 --
04-13-2023 IA Marion Cropland 165.06 $ 12,800 87.5
04-14-2023 NE Cedar Cropland 54.03 $ 12,500 65.5
04-14-2023 NE Cedar Cropland 114.15 $ 12,200 66.9
04-14-2023 IA Grundy Cropland 80.00 $ 13,250 58.1
Published in: Land Values