Land Auction Results - September 2023

The appraisal team at Peoples Company was able to track 85 tracts or 7,993 acres sell at public auction in Iowa during September 2023. The average dollar per acre was $12,552, the average dollar per tillable acre was $15,331, and the average dollar per CSR2 was $187.

Iowa Values Results
$/Acre: $12,552
$/Tillable: $15,331
$/CSR2: $187
Change from Q2 2023: +5%
Change from Q3 2022: +3%

Iowa Volume Results
Tracts Sold: 85
Acres Sold: 7,993
Change from August 2023: -7%
Change from September 2022: -29%

Peoples Company Auctions
Listing #17001 - 289.82 Acres M/L in Dallas County, IA
Listing #16998 - 45 Acres M/L in Hancock County, IA
Listing #17024 - 80 Acres M/L in Fayette County, IA
Listing #17011 - 286.63 Acres M/L in Jasper County, IA
Listing #17023 - 365.57 Acres M/L in Jones County, IA
Listing #16968 - 464 Acres M/L in Madison County, IA
Listing #17038 - 120 Acres M/L in Black Hawk County, IA
Listing #17008 - 147.16 Acres M/L in Guthrie County, IA
Listing #16992 - 200 Acres M/L in Adams & Taylor County, IA
Listing #17022 - 160 Acres M/L in Boone County, IA

Click HERE to view the Iowa Land Values Update for 2023 Quarter 3.

Illinois Results
Tracts Sold: 24
Average $/Acre: $15,055

Minnesota Results
Tracts Sold: 24
Average $/Acre: $8,261

Missouri Results
Tracts Sold: 23
Average $/Acre: $9,397

Nebraska Results
Tracts Sold: 11
Average $/Acre: $9,282

South Dakota Results
Tracts Sold: 2
Average $/Acre: --

Wisconsin Results
Tracts Sold: 10
Average $/Acre: $12,106

Below is a map of the auction locations for September 2023.

Below are results for land auctions that occurred in September 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/