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Iowa Land Values Update - 2023 Quarter 3

October 5, 2023 - Ashley Poduska

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.

Quarterly Iowa Land Values:
$/Acre: $12,922
$/Tillable: $14,838
$/CSR2: $182
Change from Q2 2023: +2%
Change from Q3 2022: +1%

Quarterly Iowa Volume:
Tracts Sold: 218
Acres Sold: 21,565
Change from Q2 2023: +43%
Change from Q3 2022: -28%

Click HERE to view the Land Auction Results for September 2023.

Below is a chart tracking the average dollar per CSR2 for the past five years.

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, Oregon, South Carolina, 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.

Published in: Land Values