Land Auction Results - May 2023
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Though there were a few very slow weeks last month, May 2023 saw 39 tracts or 3,958 acres sell at public auction in Iowa. That auction volume is down only 3% from May 2022 and up 66% from April 2023's volume.
Iowa Results
Tracts Sold: 39
Acres Sold: 3,958
Average $/Acre: $10,905
Average $/Tillable: $12,400
Average $/CSR2: $166
Change from Last Month: -16%
Change from 2022 Q4: -6%
One Year Change: -14%
The high $/acre sale of the month went to a Story County 76.82-acre cropland farm with some development potential. Honorable mention goes to Tract 5 of a Peoples Company Jasper County auction. 59.9-acres sold for $16,400/acre or $247/CSR2.
Peoples Company Auctions
Listing #16724 - 160 Acres M/L in Greene County, IA
Listing #16680 - 1,183.97 Acres M/L in Jasper County, IA
Listing #16758 - 79.77 Acres M/L in Clinton County, IA
Listing #16756 - 80 Acres M/L in Audrain County, MO
Listing #16711 - 150.75 Acres M/L in Clinton County, IA
Click HERE to view the Iowa Land Values Update for 2023 Quarter 1.
Below is a chart showing the auction volume in Iowa since March 2021.
Illinois Results
Tracts Sold: 1
Average $/Acre: N/A
Minnesota Results
Tracts Sold: 2
Average $/Acre: N/A
Missouri Results
Tracts Sold: 6
Average $/Acre: $9,042
Nebraska Results
Tracts Sold: 6
Average $/Acre: $9,000
Wisconsin Results
Tracts Sold: 4
Average $/Acre: N/A
Below is a map of the auction data in the Midwest for May 2023.
Below are results for land auctions that occurred in May 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 |
|---|---|---|---|---|---|---|
| 05-02-2023 | MO | Howard | Dwelling/Rec | 49.00 | $ 9,429 | -- |
| 05-03-2023 | MN | Meeker | Cropland | 156.19 | $ 4,921 | 54.9 |
| 05-03-2023 | IA | Montgomery | Cropland | 153.42 | $ 12,941 | 84.7 |
| 05-05-2023 | IA | Jones | Cropland | 118.00 | $ 10,800 | 64.8 |
| 05-10-2023 | IA | Jones | Cropland | 51.00 | $ 6,195 | 54.6 |
| 05-10-2023 | IL | Mercer | Cropland | 68.64 | $ 9,600 | 111.7 |
| 05-10-2023 | IA | Union | Cropland/CRP | 250.98 | $ 7,450 | 72 |
| 05-11-2023 | IA | Clayton | Cropland | 68.00 | $ 8,800 | 49.5 |
| 05-11-2023 | IA | Clayton | Cropland | 80.00 | $ 7,650 | 46.1 |
| 05-12-2023 | NE | Pierce | Cropland | 160.00 | $ 9,000 | 33.7 |
| 05-12-2023 | NE | Pierce | Cropland | 160.00 | $ 9,200 | 37 |
| 05-12-2023 | NE | Madison | Cropland | 160.00 | $ 8,850 | 42.3 |
| 05-12-2023 | NE | Madison | Cropland | 160.00 | $ 8,750 | 51.9 |
| 05-12-2023 | NE | Madison | Cropland | 161.83 | $ 9,000 | 41.9 |
| 05-12-2023 | MO | Audrain | Cropland | 80.00 | $ 8,650 | 65.5 |
| 05-12-2023 | NE | Pierce | Cropland | 155.00 | $ 9,200 | 45.9 |
| 05-16-2023 | IA | Clayton | CRP | 22.00 | $ 8,000 | 38.5 |
| 05-16-2023 | IA | Clayton | CRP | 57.00 | $ 5,700 | 39.4 |
| 05-17-2023 | IA | Clarke | Cropland | 80.00 | $ 7,800 | 69.8 |
| 05-17-2023 | IA | Clarke | Cropland | 80.00 | $ 8,750 | 73.1 |
| 05-17-2023 | MO | Montgomery | Cropland | 76.99 | $ 12,600 | 70 |
| 05-17-2023 | IA | Clarke | Cropland | 160.00 | $ 8,600 | 66.3 |
| 05-17-2023 | MO | Montgomery | Cropland | 78.20 | $ 12,600 | 69.6 |
| 05-19-2023 | IA | Cerro Gordo | Cropland | 146.27 | $ 13,600 | 87.8 |
| 05-19-2023 | IA | Cerro Gordo | Cropland | 77.12 | $ 14,100 | 87.3 |
| 05-19-2023 | IA | Cerro Gordo | Cropland | 78.00 | $ 11,700 | 88.5 |
| 05-23-2023 | IA | Adams | CRP/Rec. | 142.37 | 48.9 | |
| 05-24-2023 | IA | Des Moines | Cropland | 67.67 | $ 13,000 | 87.1 |
| 05-24-2023 | IA | Des Moines | Cropland | 72.79 | $ 12,200 | 84.8 |
| 05-24-2023 | WI | Dunn | MFL | 40.00 | $ 5,900 | -- |
| 05-24-2023 | WI | Dunn | Cropland/MFL | 40.00 | $ 9,200 | 66 |
| 05-24-2023 | IA | Des Moines | Cropland | 67.26 | $ 12,100 | 72.6 |
| 05-24-2023 | WI | Dunn | Cropland/MFL | 35.00 | $ 6,600 | 64.9 |
| 05-24-2023 | WI | Dunn | Cropland/MFL | 37.85 | $ 5,900 | 64.7 |
| 05-25-2023 | IA | Clarke | Cropland | 160.00 | $ 13,700 | 86.2 |
| 05-25-2023 | IA | Greene | Cropland | 180.00 | $ 9,700 | 83.1 |
| 05-25-2023 | IA | Jackson | Cropland | 124.31 | $ 11,500 | 74.1 |
| 05-25-2023 | IA | Jackson | Cropland | 30.87 | $ 13,600 | 89.5 |
| 05-25-2023 | IA | Jackson | Cropland | 99.46 | $ 12,700 | 83.3 |
| 05-25-2023 | IA | Jackson | Cropland | 33.27 | $ 11,100 | 57 |
| 05-25-2023 | IA | Jackson | Cropland | 59.90 | $ 13,400 | 74.2 |
| 05-25-2023 | IA | Jackson | Cropland | 40.00 | $ 13,600 | 87 |
| 05-25-2023 | IA | Jackson | Cropland | 103.74 | $ 9,800 | 70.8 |
| 05-25-2023 | IA | Jackson | Cropland | 156.66 | $ 7,500 | 71.7 |
| 05-25-2023 | IA | Jackson | Cropland | 140.23 | $ 6,600 | 59.8 |
| 05-25-2023 | IA | Jackson | Recreational | 316.07 | $ 3,300 | 64.7 |
| 05-25-2023 | IA | Jackson | Cropland | 79.46 | $ 5,600 | 76.6 |
| 05-26-2023 | IA | Hardin | Cropland | 158.00 | $ 10,600 | 53.3 |
| 05-26-2023 | IA | Hardin | Cropland | 119.00 | $ 11,250 | 64.7 |
| 05-26-2023 | IA | Hardin | Cropland | 74.15 | $ 15,500 | 72.1 |
| 05-26-2023 | IA | Fremont | Cropland | 80.00 | $ 16,500 | 87.7 |
| 05-26-2023 | IA | Fremont | Cropland | 80.00 | $ 17,550 | 87.9 |
| 05-30-2023 | IA | Sioux | Cropland | 76.82 | $ 18,700 | 77.7 |
| 05-31-2023 | IA | Hardin | Cropland | 146.49 | $ 9,700 | 54.8 |
| 05-31-2023 | IA | Page | Cropland | 33.89 | $ 16,400 | 71.5 |
| 05-31-2023 | IA | Page | Cropland | 35.75 | $ 7,600 | 68.3 |
| 06-01-2023 | IA | Buena Vista | Cropland/Dwelling | 154.60 | $ 92 | -- |
| 06-01-2023 | IA | Hardin | Cropland | 79.00 | $ 56 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 17.35 | $ 74 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 69.57 | $ 75 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 14.32 | $ 69 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 61.04 | $ 65 | -- |
| 06-01-2023 | IA | Buena Vista | Cropland/Dwelling | 154.60 | $ 92 | -- |
| 06-01-2023 | IA | Hardin | Cropland | 79.00 | $ 56 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 17.35 | $ 74 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 69.57 | $ 75 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 14.32 | $ 69 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 61.04 | $ 65 | -- |
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