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Land Auction Results - January 2024

February 6, 2024 - Ashley Poduska
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The appraisal team at Peoples Company was able to track 40 tracts or 3,868.91 acres sold at public auction in Iowa during January 2024. The average dollar per acre was $12,060, the average dollar per tillable acre was $14,071, and the average dollar per CSR2 was $183.

Iowa Results
Tracts Sold: 40
Acres Sold: 3,868.91
$/Acre: $12,059.80
$/Tillable: $14,070.65
$/CSR2: $183.14
Change from Last Month: 2%
Change from Q4 2023: 2%
One-Year Change: 3%

Peoples Company Auctions
Listing #17242 - 204.31 Acres M/L in Adair County, IA
Listing #17278 - 163.05 Acres M/L in Calhoun County, IA

Click HERE to view the Iowa Land Values Update for 2023 Quarter 4.

Below are results for land auctions that occurred in January 2024. 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
01-03-2024 IA Sioux Cropland 30.00 $ 22,600 78.4
01-04-2024 IA Fremont Cropland 22.00 $ 7,400 73
01-04-2024 IA Cherokee Cropland 40.00 $ 16,025 83
01-04-2024 IA Fremont Cropland 125.60 $ 8,250 74.6
01-05-2024 MN Nicollet Cropland 146.50 93.5
01-05-2024 MN Nicollet Cropland 80.00 91.7
01-06-2024 IA Madison Cropland 151.86 $ 7,250 57.7
01-06-2024 IA Madison Cropland/Pasture 157.31 $ 5,750 55.1
01-06-2024 MO Vernon Pasture/Rec 162.84 --
01-07-2024 MO Pike Cropland 45.00 $ 13,800 72.9
01-07-2024 MO Polk Cropland 106.00 $ 13,200 75.4
01-07-2024 MO Pike Cropland 163.00 $ 15,400 74.7
01-08-2024 IA Plymouth Cropland 80.00 $ 10,300 74.2
01-08-2024 IL Schuyler Cropland 43.00 $ 15,150 129
01-08-2024 IL Schuyler Cropland 63.50 $ 13,600 122.9
01-08-2024 IL Schuyler Cropland/Residential 20.27 $ 4,600 127.2
01-08-2024 IL Schuyler Mature Timber 47.72 $ 3,250 120.2
01-08-2024 IL Schuyler Cropland/Rec 58.12 $ 8,100 114.3
01-08-2024 IL Schuyler Cropland/Timber 52.64 $ 8,300 115.3
01-08-2024 IL Schuyler Cropland 28.55 $ 15,150 133.4
01-08-2024 IL Schuyler Cropland 97.12 $ 11,800 129.5
01-08-2024 IL Schuyler Cropland 94.59 $ 11,800 123.3
01-09-2024 MN Cottonwood Cropland 146.76 $ 9,000 77.5
01-09-2024 MN Freeborn Cropland 39.53 $ 10,550 80.3
01-09-2024 IL Adams Cropland/Rec 80.00 $ 7,000 113
01-09-2024 NE Custer Irrigated Cropland 150.00 $ 5,500 56.9
01-09-2024 IL McDonough Cropland 142.02 $ 13,300 138.4
01-09-2024 IL McDonough Cropland/Res 23.99 $ 6,700 105.8
01-09-2024 IL McLean Cropland 73.00 129.7
01-10-2024 IA Story Cropland 44.18 $ 18,200 76.3
01-10-2024 NE Fillmore Cropland 154.48 58.3
01-10-2024 IL Putnam Cropland 98.54 $ 8,700 122.6
01-10-2024 IL Putnam Cropland/Rec 82.75 119.8
01-10-2024 MN Norman Cropland 80.00 $ 8,800 92.7
01-10-2024 NE Fillmore Cropland 157.49 67.2
01-10-2024 IA Boone Cropland 154.76 $ 17,800 83.6
01-10-2024 IA Story Cropland 36.69 $ 18,700 82.5
01-11-2024 NE Antelope Cropland/Pasture 77.78 $ 7,400 57.7
01-11-2024 IA Pottawattamie Cropland 122.97 $ 13,300 65.3
01-11-2024 IA Hancock Cropland 160.00 76.1
01-11-2024 MN McLeod Cropland 36.24 $ 11,310 93.1
01-12-2024 MN Lake Cropland 80.00 $ 3,850 82.1
01-12-2024 MO Carroll Cropland 159.50 $ 7,300 78.4
01-16-2024 IA Jasper Cropland/Rec 162.64 $ 5,700 53.8
01-16-2024 IA Jasper Mix 66.50 $ 8,200 72.2
01-16-2024 IA Jasper Cropland/Pasture 160.00 79
01-16-2024 IA Jasper Cropland 60.00 65.6
01-16-2024 IA Jasper Cropland 80.00 77.4
01-16-2024 IA Jasper Cropland 37.50 67.1
01-16-2024 IA OBrien Cropland 80.00 $ 17,300 96.8
01-16-2024 IA Adair Cropland 162.40 $ 6,400 61.4
01-16-2024 IA Adair Rec 41.91 $ 4,900 51.6
01-16-2024 IL Schuyler CREP 96.82 $ 2,950 119.2
01-16-2024 IL Schuyler CREP 65.09 $ 3,700 127.2
01-16-2024 IL Schuyler CREP 121.51 $ 3,500 109.7
01-16-2024 IL Schuyler CREP 173.40 $ 3,400 115.4
01-16-2024 IL Schuyler Rec 62.03 $ 6,350 75.1
01-17-2024 MO Ralls Cropland 114.00 $ 7,300 70
01-17-2024 IA Monona Cropland 106.59 $ 17,500 80.8
01-17-2024 IA Monona Cropland 105.25 $ 13,600 56.9
01-17-2024 IA Monona Cropland/Pasture 156.21 $ 8,000 38.8
01-17-2024 IA Monona Cropland/Pasture 237.80 $ 7,100 49.7
01-17-2024 IL Iroquois Cropland 80.00 $ 8,050 97.1
01-17-2024 IL Shelby Cropland 99.39 $ 8,650 113.8
01-17-2024 MN Freeborn Cropland 75.70 82
01-17-2024 MN Freeborn Cropland 80.00 80.9
01-17-2024 MN Freeborn Cropland 72.61 81.4
01-17-2024 MN Freeborn CRP 35.00 81.3
01-17-2024 MO Butler Cropland 39.00 $ 7,900 55.43
01-17-2024 MO Butler Cropland 133.60 $ 4,700 55.43
01-17-2024 MO Butler Cropland 41.07 $ 4,900 55.43
01-17-2024 MO Butler Cropland 40.90 $ 7,250 59.1
01-17-2024 MO Ralls Cropland 72.00 $ 9,250 73
01-17-2024 WI Grant Cropland 20.00 86.6
01-17-2024 WI Grant Cropland 153.31 $ 14,825 82.5
01-18-2024 IA Jefferson Cropland 107.08 $ 5,200 56.7
01-18-2024 IL McLean Cropland 35.70 $ 16,300 126.9
01-18-2024 IL Mercer Cropland 102.73 $ 4,600 101.8
01-18-2024 IL McLean Cropland 77.15 $ 16,000 136.8
01-18-2024 IL McLean Cropland 78.60 $ 13,300 128.2
01-18-2024 MO Harrison CRP/Rec 187.20 $ 5,100 --
01-18-2024 MN Kandiyohi Cropland 81.34 $ 4,000 52.3
01-18-2024 MN Kandiyohi Cropland 213.68 $ 7,000 71.5
01-18-2024 MN Freeborn Cropland 143.10 $ 5,500 67.8
01-19-2024 IL McLean Cropland 66.86 $ 14,200 129.1
01-19-2024 IA Calhoun Cropland 24.48 $ 10,400 82.7
01-19-2024 IL McLean Cropland 38.91 $ 14,200 130.8
01-19-2024 IA Sac Cropland 184.58 $ 11,600 72.5
01-19-2024 IA Calhoun Cropland 138.05 $ 14,100 86.6
01-22-2024 IL Marshall Cropland 79.75 $ 14,600 132
01-22-2024 MN Morrison Cropland 61.30 $ 3,548 37
01-23-2024 IA Boone Cropland 24.47 $ 15,600 88.2
01-23-2024 NE Holt Organic Irrigated Cropland 160.00 $ 2,501 26.5
01-23-2024 MN Freeborn Cropland 60.00 $ 9,848 87.5
01-23-2024 IL Warren Cropland 80.36 145
01-23-2024 IL Peoria Cropland 80.00 $ 16,700 141.5
01-24-2024 IA Jasper Cropland 73.84 $ 18,060 87
01-24-2024 IA Union Cropland 40.00 72.7
01-24-2024 IA OBrien Cropland 75.93 $ 17,500 94.7
01-24-2024 IA Worth Cropland 160.00 $ 7,950 60.4
01-24-2024 IA Jasper Cropland 74.30 $ 14,910 75
01-24-2024 IA Jasper Cropland 72.66 $ 6,615 64.9
01-24-2024 IA Jasper Cropland 25.12 $ 11,865 75
01-24-2024 IA Jasper Acreage 2.83 --
01-24-2024 IL Lee Cropland 150.65 $ 8,650 113.3
01-24-2024 IL Lee Cropland 97.31 $ 9,750 115.1
01-24-2024 IL Lee Cropland 81.02 $ 12,300 113.1
01-25-2024 IA Decatur Cropland 120.00 $ 11,400 69.7
01-25-2024 SD Brookings Cropland 160.00 $ 9,700 82.1
01-25-2024 IA Greene Cropland 170.00 $ 13,950 86.7
01-25-2024 MO Macon Cropland/Rec 57.57 $ 4,850 51
01-25-2024 NE Merrick Irrigated Cropland/Acreage 27.77 $ 8,450 41.8
01-26-2024 MN Watonwan Cropland 80.00 $ 11,628 91.3
01-26-2024 MN Watonwan Cropland 151.98 $ 11,526 91.1
01-26-2024 IA Monona Cropland 79.00 56.7
01-26-2024 MO Livingston Cropland 80.00 $ 8,325 71.3
01-26-2024 IA Story Cropland 71.07 $ 9,000 72.4
01-26-2024 MN Lac qui Parle Cropland 160.00 $ 8,900 82.9
01-27-2024 IA Crawford Cropland 127.17 80.6
01-27-2024 MO Grundy Acreage/Grain Complex 10.00 $ 39,000 --
01-27-2024 MO Grundy Cropland 178.00 $ 10,674 72.6
01-30-2024 IA Winnebago Cropland 70.00 $ 15,800 85.4
01-30-2024 IL McLean Cropland 60.71 $ 13,700 124.1
01-30-2024 IL Hancock Cropland 79.87 $ 21,400 145.5
01-30-2024 IL Hancock Cropland 82.93 $ 17,200 144.7
01-30-2024 IL Hancock Cropland 86.08 $ 17,200 144.4
01-30-2024 IL Hancock Cropland 41.90 $ 13,500 132.5
01-30-2024 MN Blue Earth Cropland 130.91 $ 9,250 75.6
01-30-2024 IA Humboldt Cropland/CRP 154.90 $ 9,000 87
01-30-2024 IL Macon Cropland 154.48 $ 16,000 139.4
01-30-2024 IA Hancock Cropland 75.00 $ 15,200 81.6
01-30-2024 IA Buena Vista Recreational 15.17 $ 6,757 --
01-31-2024 IA Clarke Cropland 148.90 $ 12,300 67.6
01-31-2024 IA Des Moines Mix 25.00 35.7
01-31-2024 IL Macon Cropland 70.57 136.5
01-31-2024 IA Clarke Cropland 154.70 $ 7,900 56.1
01-31-2024 IA Guthrie Cropland 150.33 $ 14,333 87.8