In August 2021, there were a whopping 132 agricultural tracts greater than 35 acres offered at public auction in Iowa with an average dollar per gross acre of $11,219. The average dollar per CSR2 for the 25 tracts that offered greater than 85% tillable was $157, which is up from July’s $/CSR2 average of $154. Iowa auctions saw a total revenue of $153,466,247 in August. I think it’s safe to say that the market was hot.

Peoples Company also hosted auction several auctions outside of Iowa, including Kansas and North Dakota. These sales can be found on the chart along with Iowa’s data.

Peoples Company Auctions:
Listing #15570 - 2,990.09 Acres M/L in Gray County & Haskell County, Kansas
Listing #15566 - 310.22 Acres M/L in Marion County, Iowa
Listing #15590 - 320 Acres M/L in Cass County, North Dakota
Listing #15592 - 157.35 Acres M/L in Cass County, North Dakota
Listing #15607 - 74.05 Acres M/L in Traill County, North Dakota
Listing #15628 - 210.92 Acres M/L in Clinton County, Iowa
Listing #15612 - 1,998.04 Acres M/L in Carroll, Greene, Audubon, & Guthrie County, Iowa
Listing #15629 - 120.69 Acres M/L in Fayette County, Iowa
Listing #15645 - 233 Acres M/L in Fayette County, Iowa
Listing #15630 - 112.18 Acres M/L in Clinton County, Iowa
Listing #15609 - 240 Acres M/L in Dallas County, Iowa
Listing #15591 - 231.76 Acres M/L in Boone County, Iowa

Click here to view the Iowa Land Values Update for Quarter 2.

Below are results for land auctions that occurred in August 2021. 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/

*This list includes auctions from multiple auction firms throughout the state of Iowa and are not all affiliated with Peoples Company. Peoples Company sales are marked with a blue diamond. The list also includes Peoples Company auctions from states outside of Iowa which are marked with a red circle.

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, Delaware, Florida, Georgia, 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.