Land Auction Results - May 2022

Published on Jun 1, 2022 by Ashley Poduska

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/
 

Sale Date State County Land Type Gross Acres $ Per Acre CSR2
05/31/2022 IA Hamilton Cropland 75.09 $ 15,600 86.6
05/27/2022 IA Plymouth Cropland 96.33 $ 25,000 92.7
05/26/2022 IA Marion Cropland 42.00 $ 6,600 77.7
05/26/2022 IA Clay Cropland 69.70 $ 21,000 96.5
05/26/2022 IA Clay Cropland 70.90 $ 20,300 95.9
05/26/2022 IA Clay Cropland 84.00 $ 21,000 96.8
05/25/2022 IA Dickinson Cropland 98.22 $ 13,550 85.3
05/25/2022 IA Dickinson CRP 61.68 $ 6,800 --
05/25/2022 IA Jackson Cropland 144.00 $ 16,750 67.9
05/25/2022 IA Cerro Gordo Cropland 59.93 $ 10,525 83.1
05/25/2022 IA Louisa Cropland 52.00 $ 8,350 71.6
05/25/2022 MN Meeker Cropland 218.51 $ 4,410 --
05/25/2022 IA Louisa Cropland/Rec 104.12 $ 3,550 66.9
05/24/2022 IA Jasper Cropland 78.42 $ 13,700 80.2
05/24/2022 MN Stearns Cropland 148.74 $ 4,538 --
05/24/2022 MN Watonwan Cropland 130.72 $ 8,850 83.1
05/24/2022 MN Watonwan Cropland 160.53 $ 8,400 84.0
05/24/2022 IA Sioux Cropland 68.00 $ 21,900 91.5
05/24/2022 IA Clinton Cropland 67.35 $ 13,400 76.3
05/24/2022 IA Clinton Cropland 29.66 $ 12,900 74.5
05/24/2022 IA Jasper Cropland 76.13 $ 11,200 76.2
05/23/2022 MN Pipestone Cropland 82.50 $ 10,800 --
05/23/2022 MN Pipestone Cropland 67.22 $ 10,600 --
05/23/2022 MN Pipestone Cropland 162.05 $ 10,500 --
05/19/2022 IA Pocahontas Cropland 78.50 $ 16,300 86.6
05/18/2022 IA Muscatine Cropland 118.16 $ 8,050 58.0
05/18/2022 IA Muscatine Ag/Rec 36.43 $ 9,905 61.2
05/18/2022 IA Muscatine Cropland 55.16 $ 7,770 61.9
05/18/2022 IA Guthrie Pasture 158.12 $ 7,050 38.8
05/18/2022 IA Palo Alto Cropland 120.00 $ 11,600 79.4
05/18/2022 IA Worth Cropland 80.00 $ 10,000 56.9
05/18/2022 IA Worth Cropland 67.79 $ 9,800 60.1
05/18/2022 MN Murray Cropland 80.00 $ 12,500 89.9
05/17/2022 IA Calhoun Cropland 77.00 $ 12,450 83.3
05/17/2022 IA Jackson Cropland 46.58 $ 17,700 64.2
05/17/2022 IA Henry Recration/CRP 41.20 $ 7,625 56.8
05/17/2022 IA Fayette Recreational 40.00 $ 3,450 58.9
05/17/2022 IA Fayette Recreational 67.21 $ 6,300 50.9
05/17/2022 IA Jackson Cropland 103.33 $ 14,600 58.7
05/16/2022 IA Davis Rec 101.73 $ 4,700 --
05/16/2022 IA Davis Rec 89.80 $ 5,600 --
05/14/2022 IA Crawford Cropland 178.62 $ 9,000 63.0
05/12/2022 MN Wright Cropland 37.31 $ 9,500 --
05/12/2022 IA Guthrie Pasture/CRP 139.68 $ 6,800 74.1
05/12/2022 IA Calhoun Cropland 105.33 $ 10,550 64.4
05/11/2022 IA Butler Cropland 37.31 $ 15,200 87.6
05/10/2022 IA Henry Rec 40.00 $ 7,025 71.7
05/09/2022 IA Jasper Cropland/Rec 212.23 $ 10,400 76.9
05/07/2022 IA Clarke Tillable 52.00 $ 6,538 47.0
05/06/2022 IA Adair Cropland 160.00 $ 8,500 65.0
05/06/2022 IA Union Cropland 150.00 $ 8,750 73.0
05/05/2022 IA Winnebago Cropland 73.70 $ 13,600 78.0
05/05/2022 MN Nobles Tillable 81.59 $ 13,500 --
05/04/2022 IA Union Cropland 48.75 $ 7,650 65.2
05/04/2022 IA Wapello Cropland 65.66 $ 10,500 70.9
05/04/2022 IA Clayton Cropland 69.16 $ 9,037 23.4
05/03/2022 MN Nobles Cropland 43.70 $ 13,800 --
05/03/2022 MN Nobles Cropland 81.10 $ 11,500 --
05/03/2022 MN Renville Rec 40.54 $ 3,435 --
05/03/2022 IA Story Cropland 115.03 $ 19,200 86.5
05/03/2022 MN Polk CRP 56.00 $ 1,402 --
05/02/2022 IA Sioux Tillable 60.00 $ 22,400 91.5
05/02/2022 MN Mower Cropland 55.00 $ 9,900 --
05/02/2022 IA Sioux Tillable 59.00 $ 20,900 87.4