Land Auction Results - February 2023
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There were 61 tracts of land that sold at auction in February 2023. During these auctions, there was a total of 6,472 acres available for purchase and of those acres, 90% were tillable acres.
Iowa Results
Tracts Sold: 61
Acres Sold: 6,472
Average $/Acre: $12,047
Average $/Tillable: $13,813
Average $/CSR2: $178
Change from Last Month: 0%
Change from 2022 Q4: -2%
One Year Change: +8%
The high $/acre sale of the month went to a Benton County 73.92-acre cropland farm with a CSR2 of 94.6. It sold for $20,600/acre or $217.76/CSR2.
The high $/CSR2 sale went to a Dubuque County 119.03-acre cropland farm with a CSR2 of 73.1. It sold for $17,850/acre (including buyer’s fee) or $257/CSR2.
Peoples Company Auctions:
Listing #16567 - 138.50 Acres M/L in Lee County, IA
Listing #16533 - 270.40 Acres M/L in Wayne County, IA
Listing #16572 - 480 Acres M/L in Guthrie County, IA
Listing #16539 - 120 Acres M/L in Wayne County, IA
Listing #16553 - 160 Acres M/L in O'Brien County, IA
Listing #16569 - 954.86 Acres M/L in Traill County, ND
Listing #16614 - 71.72 Acres M/L in Boone County, IA
Listing #16611 - 184.55 Acres M/L in Wayne County, IA
Click HERE to view the Iowa Land Values Update for 2022 Quarter 4.
Below is a map of the auction data in Iowa for February 2023.
Illinois Results
Tracts Sold: 7
Average $/Acre: $12,257
Average $/Tillable: $13,131
Average $/PI: $105
Minnesota Results
Tracts Sold: 24
Average $/Acre: $9,151
Average $/Tillable: $11,062
Average $/PI: $135
Missouri Results
Tracts Sold: 7
Average $/Acre: $7,907
Average $/Tillable: $n/a
Average $/PI: $n/a
North Dakota Results
Tracts Sold: 6
Average $/Acre: $6,850
Average $/Tillable: $6,882
Average $/PI: $80
Below is a map of the auction data in the Midwest for February 2023.
Below are results for land auctions that occurred in February 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 |
|---|---|---|---|---|---|---|
| 02-01-2023 | IA | Winnebago | Ag land | 53.00 | $ 11,125 | 75.9 |
| 02-01-2023 | IA | Muscatine | Ag land | 99.01 | $ 19,100 | 95.3 |
| 02-01-2023 | IA | Scott | Cropland/CRP | 237.00 | $ 11,300 | 64.9 |
| 02-02-2023 | IA | Clinton | Cropland | 79.03 | $ 14,500 | 73.1 |
| 02-02-2023 | IA | Madison | Cropland | 95.00 | $ 13,600 | 81.8 |
| 02-02-2023 | IA | Kossuth | Cropland | 64.00 | $ 5,700 | 66 |
| 02-02-2023 | IA | Kossuth | Cropland | 39.50 | $ 9,100 | 60.9 |
| 02-02-2023 | IA | Kossuth | Cropland | 35.00 | $ 9,100 | 58.2 |
| 02-02-2023 | MN | Renville | Cropland | 37.32 | $ 7,128 | 61.7 |
| 02-02-2023 | NE | Polk | Cropland | 160.00 | -- | |
| 02-02-2023 | IA | Jasper | Cropland | 68.41 | $ 12,100 | 83.1 |
| 02-03-2023 | IA | Wayne | Cropland | 81.52 | $ 5,200 | 46.2 |
| 02-03-2023 | IA | Polk | Cropland | 78.00 | $ 11,400 | 66.9 |
| 02-03-2023 | IA | Audubon | Cropland | 73.92 | $ 20,600 | 94.6 |
| 02-03-2023 | IA | Audubon | Cropland | 139.04 | $ 15,800 | 92.8 |
| 02-03-2023 | NE | Antelope | Irrigated Cropland | 155.00 | $ 13,100 | 74.2 |
| 02-03-2023 | IA | Wayne | Cropland | 104.01 | $ 13,000 | 61.5 |
| 02-03-2023 | IA | Wayne | Cropland/Pasture | 84.87 | $ 5,200 | 53.9 |
| 02-03-2023 | MO | Atchison | Cropland/CRP | 102.00 | $ 8,350 | 76.5 |
| 02-03-2023 | NE | Antelope | Irrigated Cropland | 158.00 | $ 14,800 | 78.6 |
| 02-06-2023 | MN | Yellow Medicine | Cropland/Site | 78.10 | $ 10,900 | -- |
| 02-06-2023 | MN | Yellow Medicine | Cropland | 200.00 | $ 10,900 | 81.1 |
| 02-06-2023 | MN | Yellow Medicine | Cropland | 40.00 | $ 9,000 | 81.3 |
| 02-07-2023 | MN | Steele | Cropland | 152.00 | $ 11,000 | 92.5 |
| 02-07-2023 | IA | Marshall | Cropland | 77.16 | $ 12,500 | 75 |
| 02-07-2023 | IA | Greene | Cropland | 117.00 | $ 18,600 | 94.8 |
| 02-07-2023 | IA | Page | Cropland | 80.00 | $ 17,775 | 78.3 |
| 02-07-2023 | IA | Webster | Cropland | 120.00 | $ 14,300 | 71.2 |
| 02-07-2023 | IL | Bureau | Cropland | 77.78 | $ 16,800 | 139.9 |
| 02-07-2023 | IL | Bureau | Cropland | 80.00 | $ 15,600 | 139.2 |
| 02-07-2023 | IL | Bureau | Cropland | 57.94 | $ 10,000 | 132.2 |
| 02-07-2023 | MN | Steele | Cropland | 71.00 | $ 15,050 | 92.4 |
| 02-07-2023 | MN | Dakota | Cropland | 40.36 | $ 7,600 | 55.5 |
| 02-07-2023 | MN | Dakota | Cropland | 108.46 | $ 4,500 | 38.5 |
| 02-08-2023 | IA | Greene | Cropland | 43.80 | $ 17,300 | 85.6 |
| 02-08-2023 | IA | Grundy | Cropland/Dwelling | 160.00 | $ 6,750 | 51.5 |
| 02-08-2023 | IA | Grundy | Cropland | 160.00 | $ 9,200 | 59.3 |
| 02-08-2023 | IA | Lee | Cropland | 75.54 | $ 9,900 | 79.9 |
| 02-08-2023 | IA | Woodbury | Cropland | 80.00 | $ 14,250 | 76.7 |
| 02-08-2023 | IA | Woodbury | Cropland | 80.00 | $ 15,000 | 74.3 |
| 02-08-2023 | IA | Grundy | Cropland/Pasture | 160.00 | $ 6,800 | 54.9 |
| 02-08-2023 | MN | Mower | Cropland | 53.30 | $ 7,800 | 63.4 |
| 02-09-2023 | IA | Delaware | Cropland/CRP | 137.57 | $ 13,600 | 87.1 |
| 02-09-2023 | IA | Buchanan | Cropland | 113.94 | $ 13,000 | 87.8 |
| 02-09-2023 | IA | Buchanan | Cropland | 40.00 | $ 15,100 | 85.3 |
| 02-09-2023 | IA | Buchanan | Cropland/CRP | 116.24 | $ 7,000 | 73.8 |
| 02-09-2023 | MO | St. Clair | Cropland | 152.00 | $ 7,000 | 70.1 |
| 02-09-2023 | MO | St. Clair | Cropland | 33.00 | $ 7,000 | 74 |
| 02-09-2023 | IA | Harrison | Cropland | 75.86 | $ 15,600 | 75.5 |
| 02-09-2023 | IA | Harrison | Cropland | 38.26 | $ 11,400 | 70 |
| 02-09-2023 | IA | Delaware | Cropland | 136.40 | $ 13,000 | 88.5 |
| 02-10-2023 | MN | Sibley | Cropland | 80.00 | $ 13,396 | 94.1 |
| 02-10-2023 | MN | Sibley | Cropland | 160.00 | $ 13,396 | 92.3 |
| 02-10-2023 | IA | Plymouth | Cropland | 74.21 | $ 10,000 | 70 |
| 02-10-2023 | IA | Wayne | Cropland | 120.00 | $ 6,000 | 45.7 |
| 02-13-2023 | IA | Monroe | Cropland | 91.12 | $ 8,800 | 79.2 |
| 02-15-2023 | MO | Callaway | Cropland/Rec | 243.00 | $ 8,300 | 45.5 |
| 02-15-2023 | IA | Washington | Cropland | 115.00 | $ 16,400 | 87.7 |
| 02-15-2023 | MN | Polk | Cropland/Rec | 160.00 | $ 2,170 | 72.2 |
| 02-15-2023 | MN | Yellow Medicine | Cropland | 160.00 | $ 12,156 | 94.3 |
| 02-15-2023 | IA | Muscatine | Cropland | 160.00 | $ 15,200 | 93.9 |
| 02-16-2023 | MO | Pike | Cropland/Rec | 91.00 | $ 7,000 | 62.9 |
| 02-16-2023 | IA | Plymouth | Cropland | 74.00 | $ 15,600 | 86.1 |
| 02-16-2023 | IA | Jones | Cropland | 231.00 | $ 11,700 | 69.2 |
| 02-16-2023 | WI | Rock | Cropland | 40.00 | $ 7,500 | 56.6 |
| 02-16-2023 | WI | Rock | Cropland | 39.08 | $ 7,500 | 55.8 |
| 02-16-2023 | WI | Rock | Cropland | 40.00 | $ 7,500 | 45.6 |
| 02-16-2023 | WI | Rock | Cropland | 40.00 | $ 7,500 | 39.7 |
| 02-17-2023 | ND | Traill | Cropland | 158.75 | $ 6,900 | 83.9 |
| 02-17-2023 | IA | Guthrie | Cropland | 120.00 | $ 12,500 | 76 |
| 02-17-2023 | IA | Guthrie | Cropland | 119.00 | $ 10,200 | 79.9 |
| 02-17-2023 | ND | Traill | Cropland | 160.77 | $ 6,600 | 86.5 |
| 02-17-2023 | ND | Traill | Cropland | 160.07 | $ 6,900 | 89.3 |
| 02-17-2023 | ND | Traill | Cropland | 158.00 | $ 6,900 | 85.9 |
| 02-17-2023 | ND | Traill | Cropland | 157.27 | $ 6,900 | 83.7 |
| 02-17-2023 | ND | Traill | Cropland | 160.00 | $ 6,900 | 85.9 |
| 02-18-2023 | MN | Freeborn | Cropland | 149.00 | $ 8,200 | 92.4 |
| 02-21-2023 | IA | Dickinson | Cropland | 119.03 | $ 17,850 | 73.1 |
| 02-21-2023 | IA | Dickinson | Estate | 42.54 | $ 15,750 | 62.3 |
| 02-21-2023 | MN | Dakota | Cropland | 141.20 | $ 11,300 | 61.4 |
| 02-21-2023 | NE | Saline | Cropland | 158.00 | $ 6,500 | 59.1 |
| 02-21-2023 | IL | Vermilion | Ag land | 157.00 | $ 10,600 | 120.6 |
| 02-21-2023 | IL | Vermilion | Ag land | 78.00 | $ 10,100 | 119 |
| 02-21-2023 | IL | Washington | Cropland | 247.00 | $ 11,700 | 99.9 |
| 02-21-2023 | MN | Steele | Cropland | 63.58 | $ 13,300 | 79.9 |
| 02-21-2023 | MN | Steele | Cropland | 193.98 | $ 13,300 | 83.3 |
| 02-22-2023 | MN | Steele | Cropland | 40.00 | $ 11,500 | 82.2 |
| 02-22-2023 | IA | Hardin | Cropland | 75.69 | $ 9,750 | 62.9 |
| 02-22-2023 | IA | Hardin | Cropland | 209.60 | $ 7,425 | 59.3 |
| 02-22-2023 | MN | Mahnomen | Cropland | 47.00 | $ 5,540 | 88 |
| 02-22-2023 | MN | Mahnomen | Cropland/Rec | 151.00 | $ 3,040 | 68.8 |
| 02-22-2023 | MN | Dodge | Cropland | 82.52 | $ 11,500 | 88 |
| 02-23-2023 | IA | Tama | Cropland | 122.00 | $ 13,700 | 80.8 |
| 02-23-2023 | IA | Page | Cropland | 130.00 | $ 15,100 | 75.6 |
| 02-23-2023 | IA | Audubon | Cropland | 122.80 | $ 14,100 | 87 |
| 02-23-2023 | IA | Audubon | Cropland | 101.80 | $ 14,100 | 87.5 |
| 02-23-2023 | IA | Clinton | Ag land | 40.00 | $ 11,750 | 60 |
| 02-23-2023 | IA | Clinton | Ag land | 52.47 | $ 9,000 | 57.6 |
| 02-23-2023 | IA | Black Hawk | Cropland | 71.72 | $ 13,600 | 75.8 |
| 02-23-2023 | IL | Bureau | Cropland | 81.77 | $ 11,000 | 133.6 |
| 02-23-2023 | MN | Pennington | Cropland | 159.00 | $ 3,900 | 80.4 |
| 02-23-2023 | MN | Pennington | Cropland | 160.00 | $ 3,900 | 71.4 |
| 02-23-2023 | MN | Pennington | Cropland | 80.00 | 74.9 | |
| 02-24-2023 | IA | Clinton | CRP | 110.00 | $ 7,850 | 65.7 |
| 02-24-2023 | IA | Franklin | Cropland | 173.69 | 76.6 | |
| 02-24-2023 | IA | Franklin | Cropland | 171.77 | $ 9,100 | 79.5 |
| 02-24-2023 | MO | Audrain | Cropland | 93.00 | $ 9,900 | 70.1 |
| 02-24-2023 | MO | Audrain | Cropland/Rec | 68.00 | $ 7,800 | 65.9 |
| 02-24-2023 | IA | Jones | Cropland | 60.00 | $ 9,050 | 70.1 |
| 02-24-2023 | IA | Carroll | Cropland/Rec | 240.00 | $ 5,400 | 50.5 |
| 02-24-2023 | IA | Wayne | Cropland | 155.22 | $ 7,100 | 49.8 |
| 02-24-2023 | IA | Hancock | Cropland | 160.00 | $ 11,600 | 84.2 |
| 02-27-2023 | IA | Tama | Cropland | 160.00 | $ 14,400 | 89 |
| 02-27-2023 | IL | Knox | Cropland | 159.34 | $ 17,500 | 141.9 |
| 02-28-2023 | IA | Henry | Cropland | 61.89 | 66.7 | |
| 02-28-2023 | NE | Hamilton | Irrigated Cropland | 160.00 | $ 11,000 | 64.6 |
| 02-28-2023 | IA | Plymouth | Cropland | 80.00 | $ 13,100 | 83.7 |
| 02-28-2023 | MN | Swift | Cropland | 86.25 | $ 5,100 | 46.8 |
| 02-28-2023 | MN | Swift | Cropland | 75.36 | $ 4,700 | 47.9 |
| 02-28-2023 | MO | Ralls | Cropland | 106.00 | $ 7,500 | 70.1 |
| 02-28-2023 | MN | Meeker | Cropland | 73.50 | $ 8,100 | 67.1 |
| 02-28-2023 | MN | Swift | Cropland | 79.95 | $ 6,050 | 36.5 |
| 02-28-2023 | MN | Todd | Cropland | 71.50 | $ 5,100 | 82.1 |
| 02-28-2023 | IL | Mercer | Cropland | 60.23 | $ 9,850 | 112.3 |
| 02-28-2023 | IL | Mercer | Cropland | 67.33 | $ 5,300 | 112.5 |
| 02-28-2023 | IL | Mercer | Cropland | 103.33 | $ 9,800 | 118.9 |
| 02-28-2023 | MN | Swift | Cropland | 162.48 | $ 4,600 | 44.7 |
| 03-01-2023 | IA | Emmet | Cropland | 35.66 | $ 16,400 | 86.5 |
| 03-01-2023 | IA | Clayton | Cropland | 80.00 | $ 16,900 | 78.2 |
| 03-01-2023 | IA | Buena Vista | Cropland | 293.88 | $ 6,300 | 58.3 |
| 03-01-2023 | IA | Greene | Cropland | 75.00 | $ 18,400 | 92.7 |
| 03-01-2023 | MO | Atchison | Cropland | 80.00 | $ 7,500 | 61.1 |
| 03-01-2023 | IA | Humboldt | Cropland | 148.25 | $ 13,500 | 77 |
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