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Land Auction Results - April 2023

May 1, 2023 - Ashley Poduska
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There were 27 tracts of land that sold at auction in Iowa during April 2023. During these auctions, there was a total of 2,386 acres that exchanged hands. This volume is down 72% from April 2022’s volume of 8,601 acres, but only down 5% of April 2021’s volume of 2,528 acres.

Iowa Results
Tracts Sold: 27
Acres Sold: 2,386
Average $/Acre: $12,779
Average $/Tillable: $15,136
Average $/CSR2: $198
Change from Last Month: +13%
Change from 2022 Q4: +12%
One Year Change: +3%

The high $/acre sale of the month went to a Dubuque County 36.81-acre cropland farm with a building site, bringing $21,325 per acre. The high $/CSR2 sale of the month went to a Lyon County farm: 70.38-acres for $17,800/acre or $270/CSR2.

Peoples Company Auctions:
Listing #16663 - 50 Acres M/L in Carroll County, IA
Listing #16701 - 39.50 Acres M/L in Boone County, IA
Listing #16666 - 80 Acres M/L in Guthrie County, IA
Listing #16700 - 80 Acres M/L in Howard County, IA
Listing #16668 - 160 Acres M/L in Guthrie County, IA
Listing #16675 - 792.60 Acres M/L in Box Butte County, NE

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

Below is a map for the auction data in Iowa for April 2023.

Illinois Results
Tracts Sold: 19
Average $/Acre: $13,784

Minnesota Results
Tracts Sold: 23
Average $/Acre: $7,189

Missouri Results
Tracts Sold: 10
Average $/Acre: $7,111

North Dakota Results
Tracts Sold: 6
Average $/Acre: $4,727

Nebraska Results
Tracts Sold: 7
Average $/Acre: $8,619

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

Below are results for land auctions that occurred in April 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
04-03-2023 IA Palo Alto Cropland 126.00 $ 18,150 76
04-03-2023 MN Olmsted Cropland 115.00 $ 7,696 86.3
04-03-2023 IA Calhoun Cropland 75.00 $ 17,500 83.1
04-03-2023 IA Calhoun Cropland 40.00 $ 17,500 84.3
04-04-2023 IA Woodbury Cropland 80.00 $ 8,300 72.1
04-04-2023 IA Buchanan Cropland 80.00 $ 14,300 82
04-05-2023 IA Clayton Cropland/Rec. 119.30 $ 5,125 76.8
04-05-2023 IA Lucas Cropland 70.38 $ 17,800 68.7
04-05-2023 IA Des Moines Cropland 80.11 $ 13,800 84.6
04-05-2023 MN Goodhue Cropland 179.06 $ 6,300 78.5
04-05-2023 MN Goodhue Cropland 39.95 $ 13,600 94.2
04-05-2023 MN Goodhue Cropland 72.21 $ 5,400 83.9
04-05-2023 IA Des Moines Cropland 70.15 $ 14,100 81.6
04-06-2023 MN Dodge Cropland 66.04 $ 10,600 94
04-08-2023 MN Rice Cropland 76.95 $ 7,200 80.5
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 Washington Cropland 47.00 $ 13,300 76
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 Dickinson Acreage/Cropland 36.81 $ 21,325 70.1
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 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
04-13-2023 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
04-14-2023 NE Cedar Cropland 114.15 $ 12,200 66.9
04-14-2023 NE Cedar Cropland 54.03 $ 12,500 65.5
04-14-2023 IA Grundy Cropland 80.00 $ 13,250 58.1
04-17-2023 ND Cass Cropland 159.55 $ 4,914 52.6
04-17-2023 IA Marion Cropland 142.00 $ 8,800 67.7
04-17-2023 MN Pope Cropland 104.00 $ 3,600 56.9
04-17-2023 ND Cass Cropland 160.00 $ 7,000 77.7
04-18-2023 IL Sangamon Cropland 40.00 $ 22,700 142.9
04-18-2023 IL Sangamon Cropland 78.96 $ 20,100 139.4
04-18-2023 IL Sangamon Cropland 29.01 $ 20,100 142.5
04-18-2023 NE Pierce Cropland 133.64 $ 9,800 31.5
04-18-2023 NE Pierce Cropland 131.54 $ 9,800 25
04-18-2023 NE Pierce Cropland 148.03 $ 9,800 38.8
04-19-2023 IL Adams Cropland/CRP 49.70 $ 5,400 99.6
04-19-2023 IL Adams CRP/Cropland 66.20 $ 6,450 104.7
04-19-2023 IL Adams CRP/Cropland 60.00 $ 7,100 104.4
04-19-2023 IL Adams CRP/Cropland 119.03 $ 6,300 103.7
04-19-2023 IL Pike Cropland 165.65 $ 16,250 117.3
04-19-2023 IL Adams Cropland 80.00 $ 10,200 113.8
04-19-2023 IL Adams Cropland 160.00 $ 10,200 110.2
04-20-2023 IA Henry Cropland 80.00 $ 12,200 70.4
04-20-2023 IL Peoria Cropland 80.00 $ 15,600 131.8
04-20-2023 IL Peoria Cropland 19.15 $ 19,500 139.5
04-20-2023 IL Peoria Cropland 68.29 $ 21,750 141.4
04-20-2023 MN Carver Cropland 53.10 $ 12,241 87.3
04-20-2023 MN Carver Cropland 37.45 $ 8,278 94.3
04-20-2023 MN Carver Cropland 125.87 $ 10,964 90.2
04-21-2023 IL Mercer Cropland 27.64 $ 9,500 101.3
04-21-2023 IL Bureau Cropland 90.46 $ 8,500 116.7
04-21-2023 IA Palo Alto Cropland 151.00 $ 10,000 45.7
04-21-2023 IA Palo Alto Cropland 77.00 $ 11,700 64.8
04-24-2023 ND Bottineau Cropland 320.00 $ 4,250 79.6
04-24-2023 ND Bottineau Cropland 303.00 $ 4,250 76.8
04-24-2023 ND Bottineau Cropland 471.00 $ 4,250 79.6
04-24-2023 ND Bottineau Cropland 320.00 $ 3,700 78.8
04-25-2023 MN Cottonwood Cropland 99.50 $ 11,100 92.6
04-25-2023 MN Cottonwood Cropland 99.50 $ 11,100 92.6
04-26-2023 MO Callaway Cropland 63.00 $ 10,100 30.9
04-26-2023 IA Grundy Cropland 160.00 $ 8,000 66.3
04-26-2023 MO Chariton Cropland 91.55 $ 8,150 47.3
04-26-2023 MO Callaway Cropland 58.00 $ 8,900 26.6
04-26-2023 IA Wayne Cropland 49.00 $ 4,000 50.6
04-27-2023 IA Lee Recreational 97.17 $ 10,291 --
04-27-2023 NE Box Butte Irrigated Cropland 792.60 $ 2,833 16.3
04-27-2023 MN Marshall Cropland 80.00 $ 2,625 79.6
04-27-2023 MO Schuyler Recreation 146.00 $ 3,650 27.8
04-27-2023 MN Marshall Cropland 199.38 $ 1,425 53.2
04-27-2023 MN Marshall Cropland 160.00 $ 2,625 80.4
04-29-2023 MO Jasper DwellingCropland/Pasture 118.00 $ 4,600 68.3
04-29-2023 MO Jasper Cropland/Pasture 160.00 $ 4,400 74
04-29-2023 MO Moniteau Cropland 189.76 $ 4,800 58.3
Published in: Land Values