Iowa Land Values Update - 2022 Quarter 1
Peoples Company tracks agricultural auctions across the state of Iowa. From this data, we calculate the average dollar per CSR2 point ($/CSR2) for sales of tracts with greater than 85% tillable land. Additionally, these tracts are largely unimproved or include minimal improvement contribution.
As March wrapped up, so did Q1 2022. Quarter 1 saw 234 tracts come to the market with over 25,500 acres. These tracts brought a total of $274,700,257 with an average dollar per gross acre of $11,173, average dollar per tillable acre of $13,454 and an average dollar per CSR2 of $174. This is up 2% from Q4 2021, up 26% from Q1 2021 and up 51% from Q1 2017 (Peoples Company keeps a running five-years of historical data.)
Though less than half as many tracts sold this quarter as compared to last, Q1 2022 had 77 more tracts sell as compared to Q1 2021.
The top sale of the quarter went to a Linn County farm just outside of Cedar Rapids, which brought $26,250 per acre or $291.50 per CSR2. Sioux County also had a few tracts sell over $250/CSR2, and Peoples Company sold a Dubuque County farm for $263/CSR2.
Peoples Company is a leading provider of appraisal services for Agricultural Real Estate across the nation. Our appraisal team has the skill, experience, and resources to generate the most accurate valuations. Our proprietary database guarantees a level of financial integrity that your land deserves. Unlike most of our national competitors, Peoples Company’s appraisers are 100% dedicated to Agricultural Real Estate. Our agricultural experts regularly provide appraisal services to many of the largest lenders, private landowners, and institutional investors across the United States.
Peoples Company appraisers are involved in the Appraisal Institute and the American Society of Farm Managers and Rural Appraisers (ASFMRA) and adhere to the highest standards of the appraisal industry. Many of our appraisers have achieved the MAI and ARA designations.
Peoples Company is licensed to appraise land in Arizona, Arkansas, California, Colorado, Florida, Idaho, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Montana, Nebraska, North Carolina, North Dakota, Ohio, South Dakota, Tennessee, Texas, Washington, and Wisconsin.
Please contact Peoples Company at Appraisal@PeoplesCompany.com or 855.800.LAND(8263) to inquire about appraisal services offered. You can also visit https://peoplescompany.com/ to view our full range of professional services.
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