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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.

Below is a chart tracking the monthly auction volume in Iowa since January 2022.

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 is a map of the auction locations for August 2023.

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 76.6
08-01-2023 IA Sioux Cropland 120.00 $ 17,700 88.1
08-01-2023 IA Humboldt Cropland 152.00 $ 16,800 88.6
08-01-2023 IA Sioux Cropland 200.00 $ 17,700 --
08-01-2023 MN Nicollet Cropland 42.00 $ 14,790 91.1
08-01-2023 MN Sibley Cropland/CRP 112.15 $ 5,782 85
08-01-2023 MN Nicollet Cropland 40.00 $ 17,952 92.8
08-01-2023 MN Nicollet Cropland 40.00 $ 16,320 93
08-02-2023 IA Greene Cropland 178.40 $ 15,900 85
08-02-2023 IA Page Hog Facility 6.18 $ 27,184 --
08-02-2023 IA Audubon Cropland 80.00 $ 21,200 91.2
08-02-2023 IA Audubon Cropland 35.50 $ 21,200 93.9
08-02-2023 IA Des Moines Cropland 150.73 $ 16,800 88.3
08-02-2023 IA Des Moines Rural Residential 7.82 $ 15,601 --
08-02-2023 IL Shelby Cropland 72.15 $ 11,600 95.1
08-02-2023 MN Faribault Cropland 120.00 $ 7,100 81.2
08-03-2023 MN Dakota Irrigated Cropland/Dwelling 120.00 $ 13,400 65.4
08-03-2023 IL McLean Cropland/CRP 83.38 $ 10,400 125.3
08-03-2023 IL McLean Cropland 46.50 $ 11,000 120
08-03-2023 IA Cedar Cropland 120.95 $ 15,900 83.8
08-03-2023 IA Page Cropland 117.00 $ 14,700 85.2
08-03-2023 IA Kossuth Rural Residence/Ag 18.63 --
08-03-2023 IA Pocahontas Cropland 31.21 $ 24,050 87.9
08-03-2023 NE Sarpy Cropland 19.70 $ 19,100 82.1
08-03-2023 NE Pierce Cropland 80.00 $ 6,300 66
08-04-2023 NE Seward Irrigated Cropland 123.30 $ 14,800 64.8
08-04-2023 IA Muscatine Cropland 151.00 $ 15,900 94.6
08-04-2023 IA Muscatine Cropland 152.00 $ 14,100 91.4
08-04-2023 MN Red Lake Pasture/Hay 160.00 $ 2,050 70
08-07-2023 NE Hitchcock Cropland 165.00 $ 3,100 60.1
08-07-2023 MN Yellow Medicine Cropland 80.00 $ 11,100 81.4
08-08-2023 IA Van Buren Cropland 37.81 $ 9,800 55
08-08-2023 IA Van Buren Cropland/Pasture 76.60 $ 8,400 39.5
08-08-2023 IA Van Buren Pasture 39.76 $ 6,200 32.3
08-08-2023 IA Van Buren Cropland 69.09 $ 8,500 47.4
08-08-2023 IA Van Buren Pasture 58.04 $ 5,700 29.4
08-08-2023 IA Van Buren Cropland/CRP 55.77 $ 9,800 70
08-08-2023 IA Jasper Cropland 34.67 $ 4,800 52.5
08-08-2023 IA Henry Soybean Processing Plant 11.00 $ 92,818 --
08-08-2023 IA Jasper Cropland 79.31 $ 6,950 57.7
08-08-2023 IA Van Buren Cropland/Pasture 20.17 $ 9,600 55.9
08-09-2023 MN Faribault Cropland 76.03 87.9
08-09-2023 MN Faribault Cropland 88.25 86.7
08-09-2023 MN Redwood Cropland 166.98 $ 10,353 89
08-09-2023 IA Fayette Cropland 150.00 $ 13,850 86.1
08-09-2023 IA Henry Cropland 79.00 $ 13,775 85.9
08-09-2023 IA Henry Cropland 79.00 $ 14,175 84.3
08-09-2023 IA Dickinson Cropland/Development Potential 73.43 $ 10,500 38.6
08-09-2023 IA Muscatine Cropland 92.80 $ 16,900 76
08-09-2023 IA Muscatine Cropland 86.99 $ 16,900 76.1
08-10-2023 KS Wichita Irrigated Cropland 885.00 $ 3,141 64.4
08-10-2023 IA Plymouth Cropland 113.92 $ 11,400 83.8
08-10-2023 IA Kossuth Cropland 75.96 $ 7,900 56.1
08-10-2023 IA Muscatine Cropland/Bldg Site 40.00 $ 13,750 92.7
08-10-2023 IA Scott Cropland/Pasture 37.86 $ 15,176 67.3
08-10-2023 KS Wichita Cropland 2,390.00 $ 2,762 62.3
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 64.7
08-10-2023 KS Wichita Irrigated Cropland 320.00 $ 3,047 62.2
08-10-2023 KS Wichita Cropland 240.00 $ 2,667 64.5
08-10-2023 KS Wichita Cropland 480.00 $ 3,021 62.5
08-10-2023 KS Wichita Cropland 245.00 $ 3,469 62.5
08-10-2023 WV Monroe Mixed Use 100.00 $ 2,950 81.9
08-11-2023 IA Sioux Cropland 87.00 $ 18,800 88
08-11-2023 IA Sioux Cropland 79.00 $ 16,600 88.5
08-11-2023 MN Nobles Cropland 79.35 $ 13,550 94.2
08-14-2023 IA Shelby Cropland 39.00 $ 11,000 60.9
08-14-2023 IA Shelby Cropland 73.22 $ 14,100 51.7
08-14-2023 IA Shelby Cropland 102.75 $ 15,600 58.3
08-14-2023 IA Shelby Cropland 50.50 $ 13,100 57.6
08-14-2023 IL McDonough Cropland 128.51 $ 5,950 112.6
08-14-2023 IL McDonough Cropland 42.64 $ 8,600 116.3
08-15-2023 IL Adams Cropland 72.46 $ 17,100 124.7
08-15-2023 IA Pocahontas Cropland 71.13 $ 13,100 85.4
08-15-2023 IA Marshall Cropland 136.90 $ 13,300 88.5
08-15-2023 IA Marshall Cropland 124.50 $ 10,500 84.8
08-15-2023 NE Butler Irrigated Cropland 145.81 $ 7,300 61.3
08-15-2023 IL Adams Cropland 19.46 $ 30,000 135.4
08-15-2023 IL Adams Cropland 41.01 $ 30,000 131.6
08-15-2023 IL Adams Cropland 19.98 $ 26,300 128.1
08-15-2023 IL Adams Cropland 40.76 $ 21,900 133.4
08-15-2023 IL Adams Cropland 34.10 $ 18,500 133
08-15-2023 IL Adams Cropland 105.84 $ 18,000 132.9
08-15-2023 KS Sumner Cropland 1,684.00 $ 2,494 --
08-15-2023 KS Sumner Cropland 152.50 $ 2,494 64
08-15-2023 KS Sumner Cropland 271.70 $ 2,494 47
08-15-2023 KS Sumner Cropland 155.60 $ 2,494 45.2
08-15-2023 KS Sumner Cropland 160.40 $ 2,494 44.1
08-15-2023 KS Sumner Cropland 142.70 $ 2,494 49.4
08-15-2023 KS Sumner Cropland 156.00 $ 2,494 46.9
08-15-2023 KS Sumner Cropland 160.00 $ 2,494 52.6
08-15-2023 KS Sumner Cropland 162.40 $ 2,494 48.2
08-15-2023 KS Sumner Cropland 160.10 $ 2,494 61.5
08-16-2023 MN Kandiyohi Building Site/Rec 25.25 $ 14,653 52.2
08-16-2023 MN Kandiyohi CRP/Rec 115.93 $ 4,300 51.2
08-16-2023 IL Hancock Cropland 83.37 $ 15,900 139.9
08-16-2023 IA Osceola Cropland 149.89 $ 13,600 76.8
08-16-2023 IL Hancock Cropland 78.39 $ 17,600 141.5
08-16-2023 IA Webster Cropland/Rec 115.92 $ 8,600 81.2
08-16-2023 IA Webster Cropland 210.00 $ 11,500 81.8
08-16-2023 IL Hancock Cropland 37.01 $ 9,750 115.4
08-16-2023 IL Hancock Pasture 123.92 $ 6,200 87.8
08-16-2023 IL Hancock Pasture/Hay 39.36 $ 9,550 122.1
08-17-2023 IL Hancock Cropland/CRP 82.32 $ 5,850 100.9
08-17-2023 MO Macon Cropland 360.80 $ 6,250 49.5
08-17-2023 MO Chariton Cropland 214.00 $ 8,000 49
08-17-2023 MN Waseca Cropland 113.24 $ 12,138 89.1
08-17-2023 MN Rock Cropland/Wind Turbine 159.37 $ 12,240 95
08-17-2023 IA Chickasaw Cropland 40.82 $ 15,100 86.4
08-17-2023 IA Chickasaw Cropland 88.72 $ 15,300 83.8
08-17-2023 IA Chickasaw Cropland 72.64 $ 13,900 75.6
08-17-2023 IA Chickasaw Cropland 121.62 $ 14,200 71.7
08-17-2023 IA Osceola Cropland 80.86 $ 17,200 91.9
08-17-2023 MN Waseca Cropland 152.04 $ 11,730 88.6
08-18-2023 IA Hardin Cropland/Acreage 153.00 $ 9,500 81.5
08-18-2023 IA Webster Cropland 118.34 $ 13,250 78.8
08-18-2023 IA Hardin Cropland 96.00 $ 14,100 87.3
08-18-2023 IA Hardin Cropland/CRP 131.00 $ 10,600 82.4
08-18-2023 IA OBrien Cropland 46.60 $ 8,000 76
08-18-2023 IA OBrien Cropland 159.79 $ 5,100 83.9
08-21-2023 IL Henry Cropland 56.64 $ 15,900 133.7
08-21-2023 IL Henry Cropland 40.00 $ 15,900 137.7
08-21-2023 IL Henry Cropland 117.89 $ 15,900 139.4
08-22-2023 IA Pocahontas Cropland/CRP 75.63 84.5
08-22-2023 IL Hancock Pasture/Build Site 19.47 $ 10,000 97.5
08-22-2023 IL Hancock Rec/CREP 131.06 $ 3,400 107.8
08-22-2023 IL Hancock Cropland/Rec 52.29 $ 4,400 111.7
08-22-2023 IL Hancock Cropland/Rec 77.50 $ 4,750 112.5
08-22-2023 IA Pocahontas Cropland/CRP 140.00 $ 11,000 85.1
08-22-2023 IL Hancock Cropland 64.41 $ 6,300 110.4
08-23-2023 WI Adams 100.00 $ 2,400 --
08-23-2023 IA Sac Cropland 78.79 $ 18,500 90.2
08-23-2023 IA Muscatine Cropland 193.31 $ 12,600 76.6
08-23-2023 MN Faribault Cropland 80.00 $ 12,444 85.3
08-23-2023 NE Richardson Cropland/Rec 230.32 $ 4,776 62.5
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 90.2
08-23-2023 WI Adams 17.52 $ 742 --
08-24-2023 IL Hancock Cropland 102.80 $ 18,500 139.9
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 87.1
08-24-2023 IA Cerro Gordo Cropland 80.00 $ 13,800 85.4
08-24-2023 IA Mahaska Cropland/Dwelling 168.00 $ 14,200 80.1
08-24-2023 IA Chickasaw Cropland/Bin site 80.76 $ 15,600 80.4
08-24-2023 IL St. Clair Cropland 120.49 $ 18,000 123.6
08-24-2023 IL Hancock Cropland 56.01 $ 13,100 130.2
08-25-2023 IA Tama Cropland 80.00 $ 10,500 78.9
08-25-2023 IA Woodbury Cropland 180.92 73.6
08-25-2023 MN Pennington Cropland/Rec 270.00 $ 3,400 81
08-25-2023 MN Pennington Cropland 40.00 $ 3,450 40.1
08-25-2023 MN Pennington Cropland/Rec 80.00 $ 2,500 59.8
08-25-2023 WI Adams 76.00 $ 8,947 --
08-25-2023 IA Calhoun Cropland 146.56 $ 13,000 84.6
08-25-2023 IA Montgomery Croland/CRP 118.50 $ 5,500 64.9
08-25-2023 IA Tama Cropland 80.00 $ 12,500 86.8
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 $ 9,550 130.7
08-29-2023 IL Tazewell Recreational/Pasture 38.14 $ 16,200 --
08-29-2023 IA Jasper Cropland 96.86 $ 6,400 71.3
08-29-2023 IA Winneshiek Cropland/Rec 178.81 $ 7,750 45.1
08-29-2023 IA Dickinson Cropland 72.76 $ 11,600 80
08-29-2023 IA Dickinson Cropland 66.48 $ 11,400 84.4
08-29-2023 IA Dickinson Cropland 79.96 $ 10,200 75.9
08-29-2023 IA Dickinson Cropland 79.90 $ 10,200 81.3
08-29-2023 IA Greene Cropland 77.93 $ 12,100 69.3
08-29-2023 IA Greene Recreational 40.20 $ 4,700 --
08-29-2023 IA Bremer Cropland 85.34 $ 14,000 87.4
08-29-2023 IL Tazewell Cropland 145.00 $ 20,800 137.9
08-29-2023 IL Tazewell Cropland 190.86 $ 19,100 134
08-29-2023 IL Tazewell Acreage 20.57 --
08-29-2023 IL Mercer Cropland 99.86 $ 8,900 120
08-29-2023 IL Mercer Cropland 71.26 $ 9,100 122.2
08-29-2023 IL Warren Cropland 56.91 $ 12,100 132.8
08-29-2023 MO Montgomery Cropland 25.00 70.6
08-29-2023 MO Montgomery Cropland 55.75 $ 11,500 72
08-29-2023 NE Hamilton Irrigated Cropland 155.60 $ 16,200 68.4
08-29-2023 NE Hamilton Irrigated Cropland 143.15 $ 15,900 65.9
08-29-2023 NE Hamilton Irrigated Cropland 160.12 $ 15,150 66.2
08-29-2023 NE Hamilton Irrigated Copland 160.41 $ 15,550 68.8
08-29-2023 NE Hamilton Irrigated Cropland 80.89 $ 1,345 68.9
08-29-2023 NE Richardson Cropland 147.51 $ 6,900 58
08-29-2023 NE Richardson Cropland 40.00 $ 12,500 56.2
08-30-2023 IA Henry Cropland 118.50 $ 13,000 86.4
08-30-2023 IA Mahaska Cropland 75.49 $ 14,100 85.9
08-30-2023 MO Holt Cropland 158.60 $ 7,251 79.9
08-30-2023 MO Ralls Cropland 32.57 75.4
08-30-2023 IL McLean Cropland 40.37 $ 13,800 124.1
08-30-2023 MN Nobles Cropland 37.57 $ 12,200 75.1
08-30-2023 IA Mitchell Cropland 153.39 $ 13,800 84.3
08-30-2023 IA Mitchell Cropland 155.16 $ 8,800 66.3
08-30-2023 IA Mitchell Cropland 155.00 $ 15,000 84.7
08-30-2023 IA Floyd Cropland 139.74 $ 12,100 85.1
08-30-2023 IA Greene Cropland 36.24 $ 14,275 88.3
08-30-2023 IA Clay Cropland 159.54 $ 18,700 92.9
08-31-2023 IA OBrien Cropland 78.41 $ 16,700 75.2
08-31-2023 IA Calhoun Cropland 47.85 $ 13,900 85
08-31-2023 IA Calhoun Cropland 42.57 $ 11,700 83.4
08-31-2023 IA Louisa Cropland 80.00 $ 16,950 91.1
08-31-2023 IA Louisa Cropland 73.00 $ 15,700 85.5
08-31-2023 IA Louisa Cropland 80.00 $ 7,850 75.6
08-31-2023 IA Louisa Bldg Site 7.00 80.6
08-31-2023 IA Franklin Cropland 152.11 87.8
08-31-2023 MN Polk Cropland/Pasture 157.08 $ 3,300 78.2
08-31-2023 IA Sioux Cropland 69.95 $ 15,600 92.4
08-31-2023 MO Ralls Pasture 38.00 $ 12,200 66.3
08-31-2023 MO Ralls Pasture 57.00 $ 9,500 66.7
09-01-2023 IL Schuyler Cropland 24.38 117
09-01-2023 MN Murray Cropland 40.15 $ 11,457 90.1
09-01-2023 MN Murray Pasture 32.81 $ 2,828 50.9
09-01-2023 IL Schuyler Cropland 61.80 $ 9,600 122.2
09-01-2023 IL Schuyler Cropland 28.30 114
09-01-2023 IL Schuyler Cropland/Rec 81.59 $ 7,850 100.2
Published in: Land Values