/ Blog

Land Auction Results - May 2022

June 1, 2022 - Ashley Poduska
Share

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
05-02-2022 MN Mower Cropland 55.00 $ 9,900 --
05-02-2022 IA Shelby Tillable 59.00 $ 20,900 87.4
05-02-2022 IA Shelby Tillable 60.00 $ 22,400 91.5
05-03-2022 MN Polk CRP 56.00 $ 1,402 --
05-03-2022 MN Renville Rec 40.54 $ 3,435 --
05-03-2022 IA Sioux Cropland 115.03 $ 19,200 86.5
05-03-2022 MN Nobles Cropland 81.10 $ 11,500 --
05-03-2022 MN Nobles Cropland 43.70 $ 13,800 --
05-04-2022 IA Wapello Cropland 65.66 $ 10,500 70.9
05-04-2022 IA Clay Cropland 69.16 $ 9,037 23.4
05-04-2022 IA Union Cropland 48.75 $ 7,650 65.2
05-05-2022 MN Nobles Tillable 81.59 $ 13,500 --
05-05-2022 IA Winnebago Cropland 73.70 $ 13,600 78
05-06-2022 IN Whitley Cropland 160.00 $ 8,500 65
05-06-2022 IA Union Cropland 150.00 $ 8,750 73
05-07-2022 IA Chickasaw Tillable 52.00 $ 6,538 47
05-09-2022 IA Jackson Cropland/Rec 212.23 $ 10,400 76.9
05-10-2022 IA Harrison Rec 40.00 $ 7,025 71.7
05-11-2022 IA Buena Vista Cropland 37.31 $ 15,200 87.6
05-12-2022 MN Wright Cropland 37.31 $ 9,500 --
05-12-2022 IA Butler Cropland 105.33 $ 10,550 64.4
05-12-2022 IA Grundy Pasture/CRP 139.68 $ 6,800 74.1
05-14-2022 IA Clinton Cropland 178.62 $ 9,000 63
05-16-2022 IA Dallas Rec 101.73 $ 4,700 --
05-16-2022 IA Dallas Rec 89.80 $ 5,600 --
05-17-2022 IA Iowa Cropland 103.33 $ 14,600 58.7
05-17-2022 IA Iowa Cropland 46.58 $ 17,700 64.2
05-17-2022 IA Butler Cropland 77.00 $ 12,450 83.3
05-17-2022 IA Emmet Recreational 67.21 $ 6,300 50.9
05-17-2022 IA Emmet Recreational 40.00 $ 3,450 58.9
05-17-2022 IA Harrison Recration/CRP 41.20 $ 7,625 56.8
05-18-2022 IA Montgomery Cropland 55.16 $ 7,770 61.9
05-18-2022 IA Montgomery Ag/Rec 36.43 $ 9,905 61.2
05-18-2022 IA Montgomery Cropland 118.16 $ 8,050 58
05-18-2022 IA Grundy Pasture 158.12 $ 7,050 38.8
05-18-2022 IA Page 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
05-19-2022 IA Plymouth Cropland 78.50 $ 16,300 86.6
05-23-2022 MN Pipestone Cropland 162.05 $ 10,500 --
05-23-2022 MN Pipestone Cropland 82.50 $ 10,800 --
05-23-2022 MN Pipestone Cropland 67.22 $ 10,600 --
05-24-2022 IA Clayton Cropland 67.35 $ 13,400 76.3
05-24-2022 IA Shelby Cropland 68.00 $ 21,900 91.5
05-24-2022 IA Jackson Cropland 78.42 $ 13,700 80.2
05-24-2022 IA Jackson Cropland 76.13 $ 11,200 76.2
05-24-2022 MN Watonwan Cropland 160.53 $ 8,400 84
05-24-2022 IA Clayton Cropland 29.66 $ 12,900 74.5
05-24-2022 MN Watonwan Cropland 130.72 $ 8,850 83.1
05-24-2022 MN Stearns Cropland 148.74 $ 4,538 --
05-25-2022 MN Meeker Cropland 218.51 $ 4,410 --
05-25-2022 IA Des Moines Cropland 98.22 $ 13,550 85.3
05-25-2022 IA Des Moines CRP 61.68 $ 6,800 --
05-25-2022 IA Iowa Cropland 144.00 $ 16,750 67.9
05-25-2022 IA Linn Cropland 52.00 $ 8,350 71.6
05-25-2022 IA Linn Cropland/Rec 104.12 $ 3,550 66.9
05-25-2022 IA Cedar Cropland 59.93 $ 10,525 83.1
05-26-2022 IA Clarke Cropland 70.90 $ 20,300 95.9
05-26-2022 IA Mahaska Cropland 42.00 $ 6,600 77.7
05-26-2022 IA Clarke Cropland 84.00 $ 21,000 96.8
05-26-2022 IA Clarke Cropland 69.70 $ 21,000 96.5
05-27-2022 IA Palo Alto Cropland 96.33 $ 25,000 92.7
05-31-2022 IA Guthrie Cropland 75.09 $ 15,600 86.6
06-01-2022 IA Howard Cropland 100.68 $ 8,500 70.1
06-01-2022 IA Keokuk Cropland 162.63 $ 14,200 74.3
06-01-2022 IA Howard CRP/Timber 46.06 $ 3,050 62.3
Published in: Land Auctions