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Land Auction Results - August 2023

September 5, 2023 - Ashley Poduska
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The appraisal team at Peoples Company was able to track 88 tracts or 8,625 acres sell at public auction in Iowa during August 2023. The average dollar per acre was $13,439, the average dollar per tillable acre was $14,843, and the average dollar per CSR2 was $182. This is up 3% from July's average $/CSR2 and down 1% from August 2022.

Iowa Results
Tracts Sold: 88
Acres Sold: 8,625
Average $/Acre: $13,439
Average $/Tillable: $14,834
Average $/CSR2: $182
Change from Last Month: +3%
Change from 2022 Q3: 0%
One Year $/CSR2 Change: -1%
One Year Acreage Change: -12%

Peoples Company Auctions:
Listing #16830 - 200 Acres M/L in Story County, IA
Listing #16831 - 293.90 Acres M/L in Grundy & Benton County, IA
Listing #16872 - 19.70 Acres M/L in Sarpy County, NE
Listing #16922 - 18.63 Acres M/L in Lee County, IA
Listing #16925 - 31.21 Acres M/L in Polk County, IA
Listing #16944 - 6,693 Acres M/L in Wichita County, KS
Listing #16943 - 1,684 Acres M/L in Sumner County, KS
Listing #16967 - 80 Acres M/L in Cerro Gordo County, IA
Listing #17004 - 118.13 Acres M/L in Greene County, IA

Click HERE to view the Iowa Land Values Update for 2023 Quarter 2.

Illinois Results
Tracts Sold: 33
Average $/Acre: $13,105

Kansas Results
Tracts Sold: 9
Average $/Acre: $2,996

Minnesota Results
Tracts Sold: 21
Average $/Acre: $9,505

Missouri Results
Tracts Sold: 8
Average $/Acre: $8,880

Nebraska Results
Tracts Sold: 12
Average $/Acre: $9,985

Below are results for land auctions that occurred in August 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/

Sale Date State County Land Type Gross Acres $ Per Acre CSR2
08-01-2023 IA Pocahontas Cropland 80.00 $ 14,000 --
08-01-2023 IA Sioux Cropland 120.00 $ 17,700 --
08-01-2023 IA Humboldt Cropland 152.00 $ 16,800 --
08-01-2023 IA Sioux Cropland 200.00 $ 17,700 --
08-01-2023 MN Nicollet Cropland 42.00 $ 14,790 --
08-01-2023 MN Sibley Cropland/CRP 112.15 $ 5,782 --
08-01-2023 MN Nicollet Cropland 40.00 $ 17,952 --
08-01-2023 MN Nicollet Cropland 40.00 $ 16,320 --
08-02-2023 IA Greene Cropland 178.40 $ 15,900 --
08-02-2023 IA Page Hog Facility 6.18 $ 27,184 --
08-02-2023 IA Audubon Cropland 80.00 $ 21,200 --
08-02-2023 IA Audubon Cropland 35.50 $ 21,200 --
08-02-2023 IA Des Moines Cropland 150.73 $ 16,800 --
08-02-2023 IA Des Moines Rural Residential 7.82 $ 15,601 --
08-02-2023 IL Shelby Cropland 72.15 $ 11,600 --
08-02-2023 MN Faribault Cropland 120.00 $ 7,100 --
08-03-2023 MN Dakota Irrigated Cropland/Dwelling 120.00 $ 13,400 --
08-03-2023 IL McLean Cropland/CRP 83.38 $ 10,400 --
08-03-2023 IL McLean Cropland 46.50 $ 11,000 --
08-03-2023 IA Cedar Cropland 120.95 $ 15,900 --
08-03-2023 IA Page Cropland 117.00 $ 14,700 --
08-03-2023 IA Kossuth Rural Residence/Ag 18.63 --
08-03-2023 IA Pocahontas Cropland 31.21 $ 24,050 --
08-03-2023 NE Sarpy Cropland 19.70 $ 19,100 --
08-03-2023 NE Pierce Cropland 80.00 $ 6,300 --
08-04-2023 NE Seward Irrigated Cropland 123.30 $ 14,800 --
08-04-2023 IA Muscatine Cropland 151.00 $ 15,900 --
08-04-2023 IA Muscatine Cropland 152.00 $ 14,100 --
08-04-2023 MN Red Lake Pasture/Hay 160.00 $ 2,050 --
08-07-2023 NE Hitchcock Cropland 165.00 $ 3,100 --
08-07-2023 MN Yellow Medicine Cropland 80.00 $ 11,100 --
08-08-2023 IA Van Buren Cropland 37.81 $ 9,800 --
08-08-2023 IA Van Buren Cropland/Pasture 76.60 $ 8,400 --
08-08-2023 IA Van Buren Pasture 39.76 $ 6,200 --
08-08-2023 IA Van Buren Cropland 69.09 $ 8,500 --
08-08-2023 IA Van Buren Pasture 58.04 $ 5,700 --
08-08-2023 IA Van Buren Cropland/CRP 55.77 $ 9,800 --
08-08-2023 IA Jasper Cropland 34.67 $ 4,800 --
08-08-2023 IA Henry Soybean Processing Plant 11.00 $ 92,818 --
08-08-2023 IA Jasper Cropland 79.31 $ 6,950 --
08-08-2023 IA Van Buren Cropland/Pasture 20.17 $ 9,600 --
08-09-2023 MN Faribault Cropland 76.03 --
08-09-2023 MN Faribault Cropland 88.25 --
08-09-2023 MN Redwood Cropland 166.98 $ 10,353 --
08-09-2023 IA Fayette Cropland 150.00 $ 13,850 --
08-09-2023 IA Henry Cropland 79.00 $ 13,775 --
08-09-2023 IA Henry Cropland 79.00 $ 14,175 --
08-09-2023 IA Dickinson Cropland/Development Potential 73.43 $ 10,500 --
08-09-2023 IA Muscatine Cropland 92.80 $ 16,900 --
08-09-2023 IA Muscatine Cropland 86.99 $ 16,900 --
08-10-2023 KS Wichita Irrigated Cropland 885.00 $ 3,141 --
08-10-2023 IA Plymouth Cropland 113.92 $ 11,400 --
08-10-2023 IA Kossuth Cropland 75.96 $ 7,900 --
08-10-2023 IA Muscatine Cropland/Bldg Site 40.00 $ 13,750 --
08-10-2023 IA Scott Cropland/Pasture 37.86 $ 15,176 --
08-10-2023 KS Wichita Cropland 2,390.00 $ 2,762 --
08-10-2023 KS Wichita Grain Storage 4.50 $ 32,222 --
08-10-2023 KS Wichita Building Site 3.50 $ 10,000 --
08-10-2023 KS Wichita Cropland 1,257.00 $ 3,202 --
08-10-2023 KS Wichita Cropland 550.00 $ 3,091 --
08-10-2023 KS Wichita Irrigated Cropland 320.00 $ 3,047 --
08-10-2023 KS Wichita Cropland 240.00 $ 2,667 --
08-10-2023 KS Wichita Cropland 480.00 $ 3,021 --
08-10-2023 KS Wichita Cropland 245.00 $ 3,469 --
08-10-2023 WV Monroe Mixed Use 100.00 $ 2,950 --
08-11-2023 IA Sioux Cropland 87.00 $ 18,800 --
08-11-2023 IA Sioux Cropland 79.00 $ 16,600 --
08-11-2023 MN Nobles Cropland 79.35 $ 13,550 --
08-14-2023 IA Shelby Cropland 39.00 $ 11,000 --
08-14-2023 IA Shelby Cropland 73.22 $ 14,100 --
08-14-2023 IA Shelby Cropland 102.75 $ 15,600 --
08-14-2023 IA Shelby Cropland 50.50 $ 13,100 --
08-14-2023 IL McDonough Cropland 128.51 $ 5,950 --
08-14-2023 IL McDonough Cropland 42.64 $ 8,600 --
08-15-2023 IL Adams Cropland 72.46 $ 17,100 --
08-15-2023 IA Pocahontas Cropland 71.13 $ 13,100 --
08-15-2023 IA Marshall Cropland 136.90 $ 13,300 --
08-15-2023 IA Marshall Cropland 124.50 $ 10,500 --
08-15-2023 NE Butler Irrigated Cropland 145.81 $ 7,300 --
08-15-2023 IL Adams Cropland 19.46 $ 30,000 --
08-15-2023 IL Adams Cropland 41.01 $ 30,000 --
08-15-2023 IL Adams Cropland 19.98 $ 26,300 --
08-15-2023 IL Adams Cropland 40.76 $ 21,900 --
08-15-2023 IL Adams Cropland 34.10 $ 18,500 --
08-15-2023 IL Adams Cropland 105.84 $ 18,000 --
08-15-2023 KS Sumner Cropland 1,684.00 $ 2,494 --
08-15-2023 KS Sumner Cropland 152.50 $ 2,494 --
08-15-2023 KS Sumner Cropland 271.70 $ 2,494 --
08-15-2023 KS Sumner Cropland 155.60 $ 2,494 --
08-15-2023 KS Sumner Cropland 160.40 $ 2,494 --
08-15-2023 KS Sumner Cropland 142.70 $ 2,494 --
08-15-2023 KS Sumner Cropland 156.00 $ 2,494 --
08-15-2023 KS Sumner Cropland 160.00 $ 2,494 --
08-15-2023 KS Sumner Cropland 162.40 $ 2,494 --
08-15-2023 KS Sumner Cropland 160.10 $ 2,494 --
08-16-2023 MN Kandiyohi Building Site/Rec 25.25 $ 14,653 --
08-16-2023 MN Kandiyohi CRP/Rec 115.93 $ 4,300 --
08-16-2023 IL Hancock Cropland 83.37 $ 15,900 --
08-16-2023 IA Osceola Cropland 149.89 $ 13,600 --
08-16-2023 IL Hancock Cropland 78.39 $ 17,600 --
08-16-2023 IA Webster Cropland/Rec 115.92 $ 8,600 --
08-16-2023 IA Webster Cropland 210.00 $ 11,500 --
08-16-2023 IL Hancock Cropland 37.01 $ 9,750 --
08-16-2023 IL Hancock Pasture 123.92 $ 6,200 --
08-16-2023 IL Hancock Pasture/Hay 39.36 $ 9,550 --
08-17-2023 IL Hancock Cropland/CRP 82.32 $ 5,850 --
08-17-2023 MO Macon Cropland 360.80 $ 6,250 --
08-17-2023 MO Chariton Cropland 214.00 $ 8,000 --
08-17-2023 MN Waseca Cropland 113.24 $ 12,138 --
08-17-2023 MN Rock Cropland/Wind Turbine 159.37 $ 12,240 --
08-17-2023 IA Chickasaw Cropland 40.82 $ 15,100 --
08-17-2023 IA Chickasaw Cropland 88.72 $ 15,300 --
08-17-2023 IA Chickasaw Cropland 72.64 $ 13,900 --
08-17-2023 IA Chickasaw Cropland 121.62 $ 14,200 --
08-17-2023 IA Osceola Cropland 80.86 $ 17,200 --
08-17-2023 MN Waseca Cropland 152.04 $ 11,730 --
08-18-2023 IA Hardin Cropland/Acreage 153.00 $ 9,500 --
08-18-2023 IA Webster Cropland 118.34 $ 13,250 --
08-18-2023 IA Hardin Cropland 96.00 $ 14,100 --
08-18-2023 IA Hardin Cropland/CRP 131.00 $ 10,600 --
08-18-2023 IA OBrien Cropland 46.60 $ 8,000 --
08-18-2023 IA OBrien Cropland 159.79 $ 5,100 --
08-21-2023 IL Henry Cropland 56.64 $ 15,900 --
08-21-2023 IL Henry Cropland 40.00 $ 15,900 --
08-21-2023 IL Henry Cropland 117.89 $ 15,900 --
08-22-2023 IA Pocahontas Cropland/CRP 75.63 --
08-22-2023 IL Hancock Pasture/Build Site 19.47 $ 10,000 --
08-22-2023 IL Hancock Rec/CREP 131.06 $ 3,400 --
08-22-2023 IL Hancock Cropland/Rec 52.29 $ 4,400 --
08-22-2023 IL Hancock Cropland/Rec 77.50 $ 4,750 --
08-22-2023 IA Pocahontas Cropland/CRP 140.00 $ 11,000 --
08-22-2023 IL Hancock Cropland 64.41 $ 6,300 --
08-23-2023 WI Adams 100.00 $ 2,400 --
08-23-2023 IA Sac Cropland 78.79 $ 18,500 --
08-23-2023 IA Muscatine Cropland 193.31 $ 12,600 --
08-23-2023 MN Faribault Cropland 80.00 $ 12,444 --
08-23-2023 NE Richardson Cropland/Rec 230.32 $ 4,776 --
08-23-2023 WI Adams 249.02 $ 10,682 --
08-23-2023 WI Adams 2,675.65 $ 4,896 --
08-23-2023 WI Adams 1,769.67 $ 7,233 --
08-23-2023 WI Adams 49.02 $ 1,224 --
08-23-2023 WI Adams 79.00 $ 7,101 --
08-23-2023 WI Adams 43.51 $ 8,045 --
08-23-2023 WI Adams 134.50 $ 6,171 --
08-23-2023 IA Sac Cropland 76.37 $ 17,025 --
08-23-2023 WI Adams 17.52 $ 742 --
08-24-2023 IL Hancock Cropland 102.80 $ 18,500 --
08-24-2023 WI Adams 240.52 $ 7,650 --
08-24-2023 WI Adams 84.01 $ 9,642 --
08-24-2023 WI Adams 68.50 $ 6,788 --
08-24-2023 WI Adams 37.50 $ 6,000 --
08-24-2023 WI Adams 1,022.12 $ 5,968 --
08-24-2023 WI Adams 57.01 $ 4,210 --
08-24-2023 IA Chickasaw Cropland 34.38 $ 13,200 --
08-24-2023 IA Cerro Gordo Cropland 80.00 $ 13,800 --
08-24-2023 IA Mahaska Cropland/Dwelling 168.00 $ 14,200 --
08-24-2023 IA Chickasaw Cropland/Bin site 80.76 $ 15,600 --
08-24-2023 IL St. Clair Cropland 120.49 $ 18,000 --
08-24-2023 IL Hancock Cropland 56.01 $ 13,100 --
08-25-2023 IA Tama Cropland 80.00 $ 10,500 --
08-25-2023 IA Woodbury Cropland 180.92 --
08-25-2023 MN Pennington Cropland/Rec 270.00 $ 3,400 --
08-25-2023 MN Pennington Cropland 40.00 $ 3,450 --
08-25-2023 MN Pennington Cropland/Rec 80.00 $ 2,500 --
08-25-2023 WI Adams 76.00 $ 8,947 --
08-25-2023 IA Calhoun Cropland 146.56 $ 13,000 --
08-25-2023 IA Montgomery Croland/CRP 118.50 $ 5,500 --
08-25-2023 IA Tama Cropland 80.00 $ 12,500 --
08-26-2023 WI Adams 370.01 $ 7,135 --
08-27-2023 WI Adams 47.51 $ 3,789 --
08-28-2023 WI Adams 312.01 $ 7,692 --
08-28-2023 IL Warren Cropland 55.31 $ 9,550 --
08-29-2023 IL Tazewell Recreational/Pasture 38.14 $ 16,200 --
08-29-2023 IA Jasper Cropland 96.86 $ 6,400 --
08-29-2023 IA Winneshiek Cropland/Rec 178.81 $ 7,750 --
08-29-2023 IA Dickinson Cropland 72.76 $ 11,600 --
08-29-2023 IA Dickinson Cropland 66.48 $ 11,400 --
08-29-2023 IA Dickinson Cropland 79.96 $ 10,200 --
08-29-2023 IA Dickinson Cropland 79.90 $ 10,200 --
08-29-2023 IA Greene Cropland 77.93 $ 12,100 --
08-29-2023 IA Greene Recreational 40.20 $ 4,700 --
08-29-2023 IA Bremer Cropland 85.34 $ 14,000 --
08-29-2023 IL Tazewell Cropland 145.00 $ 20,800 --
08-29-2023 IL Tazewell Cropland 190.86 $ 19,100 --
08-29-2023 IL Tazewell Acreage 20.57 --
08-29-2023 IL Mercer Cropland 99.86 $ 8,900 --
08-29-2023 IL Mercer Cropland 71.26 $ 9,100 --
08-29-2023 IL Warren Cropland 56.91 $ 12,100 --
08-29-2023 MO Montgomery Cropland 25.00 --
08-29-2023 MO Montgomery Cropland 55.75 $ 11,500 --
08-29-2023 NE Hamilton Irrigated Cropland 155.60 $ 16,200 --
08-29-2023 NE Hamilton Irrigated Cropland 143.15 $ 15,900 --
08-29-2023 NE Hamilton Irrigated Cropland 160.12 $ 15,150 --
08-29-2023 NE Hamilton Irrigated Copland 160.41 $ 15,550 --
08-29-2023 NE Hamilton Irrigated Cropland 80.89 $ 1,345 --
08-29-2023 NE Richardson Cropland 147.51 $ 6,900 --
08-29-2023 NE Richardson Cropland 40.00 $ 12,500 --
08-30-2023 IA Henry Cropland 118.50 $ 13,000 --
08-30-2023 IA Mahaska Cropland 75.49 $ 14,100 --
08-30-2023 MO Holt Cropland 158.60 $ 7,251 --
08-30-2023 MO Ralls Cropland 32.57 --
08-30-2023 IL McLean Cropland 40.37 $ 13,800 --
08-30-2023 MN Nobles Cropland 37.57 $ 12,200 --
08-30-2023 IA Mitchell Cropland 153.39 $ 13,800 --
08-30-2023 IA Mitchell Cropland 155.16 $ 8,800 --
08-30-2023 IA Mitchell Cropland 155.00 $ 15,000 --
08-30-2023 IA Floyd Cropland 139.74 $ 12,100 --
08-30-2023 IA Greene Cropland 36.24 $ 14,275 --
08-30-2023 IA Clay Cropland 159.54 $ 18,700 --
08-31-2023 IA OBrien Cropland 78.41 $ 16,700 --
08-31-2023 IA Calhoun Cropland 47.85 $ 13,900 --
08-31-2023 IA Calhoun Cropland 42.57 $ 11,700 --
08-31-2023 IA Louisa Cropland 80.00 $ 16,950 --
08-31-2023 IA Louisa Cropland 73.00 $ 15,700 --
08-31-2023 IA Louisa Cropland 80.00 $ 7,850 --
08-31-2023 IA Louisa Bldg Site 7.00 --
08-31-2023 IA Franklin Cropland 152.11 --
08-31-2023 MN Polk Cropland/Pasture 157.08 $ 3,300 --
08-31-2023 IA Sioux Cropland 69.95 $ 15,600 --
08-31-2023 MO Ralls Pasture 38.00 $ 12,200 --
08-31-2023 MO Ralls Pasture 57.00 $ 9,500 --
09-01-2023 IL Schuyler Cropland 24.38 --
09-01-2023 MN Murray Cropland 40.15 $ 11,457 --
09-01-2023 MN Murray Pasture 32.81 $ 2,828 --
09-01-2023 IL Schuyler Cropland 61.80 $ 9,600 --
09-01-2023 IL Schuyler Cropland 28.30 --
09-01-2023 IL Schuyler Cropland/Rec 81.59 $ 7,850 --
Published in: Land Values