Land Auction Results - April 2023

There were 27 tracts of land that sold at auction in Iowa during April 2023. During these auctions, there was a total of 2,386 acres that exchanged hands. This volume is down 72% from April 2022’s volume of 8,601 acres, but only down 5% of April 2021’s volume of 2,528 acres.

Iowa Results
Tracts Sold: 27
Acres Sold: 2,386
Average $/Acre: $12,779
Average $/Tillable: $15,136
Average $/CSR2: $198
Change from Last Month: +13%
Change from 2022 Q4: +12%
One Year Change: +3%

The high $/acre sale of the month went to a Dubuque County 36.81-acre cropland farm with a building site, bringing $21,325 per acre. The high $/CSR2 sale of the month went to a Lyon County farm: 70.38-acres for $17,800/acre or $270/CSR2.

Peoples Company Auctions:
Listing #16663 - 50 Acres M/L in Carroll County, IA
Listing #16701 - 39.50 Acres M/L in Boone County, IA
Listing #16666 - 80 Acres M/L in Guthrie County, IA
Listing #16700 - 80 Acres M/L in Howard County, IA
Listing #16668 - 160 Acres M/L in Guthrie County, IA
Listing #16675 - 792.60 Acres M/L in Box Butte County, NE

Click HERE to view the Iowa Land Values Update for 2023 Quarter 1.

Below is a map for the auction data in Iowa for April 2023.

Illinois Results
Tracts Sold: 19
Average $/Acre: $13,784

Minnesota Results
Tracts Sold: 23
Average $/Acre: $7,189

Missouri Results
Tracts Sold: 10
Average $/Acre: $7,111

North Dakota Results
Tracts Sold: 6
Average $/Acre: $4,727

Nebraska Results
Tracts Sold: 7
Average $/Acre: $8,619

Below is a map of the auction data in the Midwest for April 2023.

Below are results for land auctions that occurred in April 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/