Land Auction Results - June 2023
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The appraisal team at Peoples Company was able to track 93 tracts or over 8,700 acres sell at public auction in Iowa during June 2023. The average dollar per acre was $12,596, the average dollar per tillable acre was $14,293, and the average dollar per CSR2 was $177. This is up 7% from May's average $/CSR2 and down 4% from June 2022.
Volume in June was down quite a bit: -53% in acres sold for June 2023 vs. that of June 2022. However, June of last year had a substantial spike in volume and sold more acres than any other month last year. This June's volume falls more in line with what we would expect to historically see in auction volume.
Peoples Company Auctions
Listing #16751 - 120 Acres M/L in Webster County, IA
Listing #16772 - 314.50 Acres M/L in Pipestone County, MN
Listing #16823 - 130 Acres M/L in Hancock County, IA
Listing #16807 - 96 Acres M/L in Hancock County, IA
Listing #16757 - 384.42 Acres M/L in Decatur County, IA
Listing #16777 - 145.51 Acres M/L in Winnebago County, IL
Listing #16773 - 162.28 Acres M/L in Iowa County, WI
Click HERE to view the Iowa Land Values Update for 2023 Quarter 2.
Below are results for land auctions that occurred in May 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 |
|---|---|---|---|---|---|---|
| 06-01-2023 | WI | Iowa | Transitional | 61.04 | $ 65 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 17.35 | $ 74 | -- |
| 06-01-2023 | IA | Buena Vista | Cropland/Dwelling | 154.60 | $ 92 | -- |
| 06-01-2023 | IA | Hardin | Cropland | 79.00 | $ 56 | -- |
| 06-01-2023 | IA | Hardin | Cropland | 79.00 | $ 56 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 17.35 | $ 74 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 69.57 | $ 75 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 14.32 | $ 69 | -- |
| 06-01-2023 | IA | Buena Vista | Cropland/Dwelling | 154.60 | $ 92 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 61.04 | $ 65 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 69.57 | $ 75 | -- |
| 06-01-2023 | WI | Iowa | Transitional | 14.32 | $ 69 | -- |
| 06-03-2023 | MO | Shelby | Cropland | 76.57 | $ 65 | -- |
| 06-03-2023 | MO | Shelby | Cropland | 70.34 | $ 69 | -- |
| 06-03-2023 | MO | Shelby | Cropland | 76.57 | $ 65 | -- |
| 06-03-2023 | MO | Shelby | Cropland | 70.34 | $ 69 | -- |
| 06-03-2023 | MO | Shelby | Cropland | 71.51 | $ 65 | -- |
| 06-03-2023 | MO | Shelby | Cropland | 71.51 | $ 65 | -- |
| 06-05-2023 | IA | Scott | Cropland | 70.22 | $ 13,900 | 67.8 |
| 06-05-2023 | IA | Scott | Cropland | 35.21 | $ 16,250 | 77.5 |
| 06-05-2023 | IA | Scott | Cropland/Pasture/Dwelling | 113.81 | $ 15,400 | 54.3 |
| 06-05-2023 | IA | Palo Alto | Cropland | 152.87 | $ 19,000 | 85.7 |
| 06-05-2023 | IA | Palo Alto | Cropland | 79.00 | $ 17,300 | 84.3 |
| 06-06-2023 | IL | Winnebago | Cropland | 145.51 | $ 8,500 | 111.7 |
| 06-06-2023 | IA | Marion | Cropland | 223.55 | $ 19,600 | 91.8 |
| 06-06-2023 | IA | Des Moines | Cropland | 143.69 | $ 8,550 | 77.5 |
| 06-06-2023 | IA | Des Moines | Cropland | 80.01 | $ 10,000 | 72.4 |
| 06-06-2023 | MN | Cottonwood | Cropland | 70.00 | $ 13,800 | 82.1 |
| 06-07-2023 | IA | Sioux | Cropland | 97.27 | $ 10,300 | 82.6 |
| 06-07-2023 | IA | OBrien | Cropland | 72.00 | $ 18,100 | 94.7 |
| 06-07-2023 | IA | OBrien | Cropland | 68.50 | $ 18,100 | 95.9 |
| 06-07-2023 | IA | Kossuth | Cropland | 182.65 | $ 9,949 | 56.1 |
| 06-08-2023 | IA | OBrien | Cropland | 70.00 | $ 13,600 | 83.4 |
| 06-08-2023 | IA | Ringgold | Cropland | 78.80 | $ 15,900 | 90.4 |
| 06-08-2023 | IA | Buchanan | Cropland | 39.80 | $ 17,075 | 93 |
| 06-08-2023 | IA | Humboldt | Cropland | 80.00 | $ 16,500 | 85.2 |
| 06-08-2023 | IA | Keokuk | Cropland | 80.00 | $ 12,500 | 77.4 |
| 06-08-2023 | IA | Keokuk | Cropland | 79.70 | $ 13,300 | 79.7 |
| 06-08-2023 | IA | Crawford | Cropland | 80.00 | $ 17,200 | 88.2 |
| 06-08-2023 | IA | Crawford | Cropland | 157.00 | $ 17,200 | 88 |
| 06-08-2023 | IA | Crawford | Cropland | 160.00 | $ 17,200 | 88.4 |
| 06-08-2023 | IA | Ringgold | Cropland/CRP | 220.32 | $ 13,600 | 93.8 |
| 06-08-2023 | IA | Floyd | Cropland | 111.00 | $ 12,500 | 82.5 |
| 06-08-2023 | IA | Floyd | Pasture | 45.00 | $ 6,200 | -- |
| 06-08-2023 | IA | Floyd | Cropland | 59.00 | $ 12,500 | 79.6 |
| 06-08-2023 | IA | Floyd | Acreage | 4.74 | $ 23,207 | -- |
| 06-08-2023 | IA | Floyd | Cropland | 52.00 | $ 8,200 | 86.7 |
| 06-08-2023 | IA | Webster | Cropland | 80.00 | $ 13,700 | 74.3 |
| 06-08-2023 | IA | OBrien | Cropland | 80.00 | $ 13,600 | 85.7 |
| 06-08-2023 | IA | OBrien | Cropland | 79.77 | $ 10,200 | 81.3 |
| 06-08-2023 | IA | OBrien | Cropland | 159.03 | $ 10,900 | 74.4 |
| 06-08-2023 | IA | Allamakee | Cropland/CRP | 38.31 | $ 4,125 | 43.5 |
| 06-08-2023 | IA | Allamakee | Cropland | 50.31 | $ 4,671 | 48.8 |
| 06-08-2023 | IA | Allamakee | Recreational | 57.91 | $ 4,532 | 46.5 |
| 06-08-2023 | IA | Davis | Cropland | 143.26 | $ 10,700 | 70.3 |
| 06-08-2023 | IA | Davis | Cropland | 64.85 | $ 9,600 | 59.2 |
| 06-08-2023 | IA | Davis | Pasture/Hay | 176.31 | $ 7,000 | 57 |
| 06-08-2023 | IA | Monona | Cropland | 91.38 | $ 7,461 | 74 |
| 06-09-2023 | IA | Hardin | Cropland | 275.32 | $ 10,900 | 65.6 |
| 06-09-2023 | IA | Scott | Cropland | 136.90 | $ 8,900 | 59 |
| 06-09-2023 | IA | Woodbury | CRP | 211.00 | $ 6,600 | 65.8 |
| 06-09-2023 | MO | Harrison | Ag/Rec | 124.00 | $ 6,575 | 69.7 |
| 06-13-2023 | IA | Greene | Cropland | 150.14 | $ 18,323 | 92.9 |
| 06-13-2023 | IA | Greene | Acreage | 7.35 | $ 36,000 | -- |
| 06-13-2023 | MO | Holt | Cropland | 157.00 | $ 4,000 | 73.7 |
| 06-13-2023 | MN | Nicollet | Cropland | 80.00 | $ 15,606 | 95.5 |
| 06-14-2023 | MO | Holt | Cropland | 78.80 | $ 14,000 | 84.1 |
| 06-14-2023 | MO | Holt | Cropland/Rec | 87.50 | $ 7,125 | 78.1 |
| 06-14-2023 | IA | Marion | Cropland | 94.08 | $ 12,100 | 72.5 |
| 06-14-2023 | IA | Cherokee | Cropland | 90.00 | $ 8,400 | 75.8 |
| 06-14-2023 | IA | Scott | Cropland | 134.88 | $ 15,500 | 65.9 |
| 06-14-2023 | IA | Scott | Cropland | 90.58 | $ 15,000 | 64.6 |
| 06-14-2023 | IA | Audubon | Cropland | 100.00 | $ 9,100 | 64.1 |
| 06-14-2023 | IA | Audubon | Cropland | 160.00 | $ 9,000 | 76.4 |
| 06-14-2023 | IL | Champaign | Cropland | 146.48 | $ 15,400 | 136.5 |
| 06-15-2023 | IA | Jasper | Cropland | 140.35 | $ 8,900 | 67.7 |
| 06-15-2023 | IA | Clarke | Cropland | 80.00 | $ 21,200 | 91.4 |
| 06-15-2023 | IA | Clarke | Cropland | 28.00 | $ 20,250 | 96.7 |
| 06-15-2023 | IA | Hamilton | Cropland | 96.00 | $ 12,750 | 87.6 |
| 06-15-2023 | IA | Bremer | Cropland | 37.11 | $ 14,550 | 85 |
| 06-15-2023 | IA | Bremer | Cropland | 25.44 | $ 13,525 | 79.8 |
| 06-15-2023 | IA | Jasper | Cropland | 42.61 | $ 9,100 | 60.1 |
| 06-15-2023 | IA | Jasper | Cropland | 94.41 | $ 6,750 | 58.7 |
| 06-15-2023 | IA | Jasper | Cropland/Timber | 160.51 | $ 5,850 | 66.6 |
| 06-15-2023 | IL | McDonough | Cropland | 84.51 | $ 20,150 | 143 |
| 06-15-2023 | IL | McDonough | Cropland | 129.40 | $ 19,400 | 143.5 |
| 06-15-2023 | IL | McDonough | Cropland | 127.00 | $ 20,150 | 144.4 |
| 06-15-2023 | MO | Audrain | Cropland | 148.35 | $ 11,074 | 68.6 |
| 06-16-2023 | IA | Buchanan | Cropland | 27.97 | $ 15,200 | 87.3 |
| 06-16-2023 | IA | Buchanan | Cropland/CRP | 80.00 | $ 7,550 | 63.9 |
| 06-16-2023 | IA | Buchanan | Cropland | 68.10 | $ 12,000 | 85.2 |
| 06-19-2023 | IA | Muscatine | Cropland | 73.06 | $ 21,700 | 97.8 |
| 06-20-2023 | IA | Winnebago | Cropland | 160.00 | $ 14,500 | 84.4 |
| 06-20-2023 | IA | Webster | Cropland | 72.00 | $ 16,000 | 86.5 |
| 06-20-2023 | IA | Dickinson | Mix/R-3 | 37.05 | $ 12,810 | 36.4 |
| 06-21-2023 | IL | Madison | Cropland | 147.75 | $ 6,650 | 118 |
| 06-21-2023 | MN | Otter Tail | Cropland/Lake Frontage | 99.00 | $ 7,361 | 70.2 |
| 06-21-2023 | IA | Jackson | Cropland | 156.13 | $ 16,380 | 77.9 |
| 06-22-2023 | SD | Hand | Cropland | 160.00 | $ 4,300 | 36.1 |
| 06-22-2023 | MO | Lawrence | Cropland | 64.00 | $ 5,500 | 64.5 |
| 06-22-2023 | IA | Wapello | Cropland | 79.00 | $ 14,100 | 85.8 |
| 06-22-2023 | IA | Hamilton | Cropland | 70.00 | $ 15,600 | 80 |
| 06-22-2023 | IA | Hamilton | Cropland | 60.00 | $ 12,700 | 68.7 |
| 06-22-2023 | IA | Jasper | Cropland | 80.00 | $ 6,600 | 84.6 |
| 06-22-2023 | MO | Lawrence | Cropland | 68.00 | $ 6,250 | 57.2 |
| 06-22-2023 | MO | Lawrence | Cropland | 72.00 | $ 4,000 | 79.5 |
| 06-22-2023 | SD | Hand | Cropland | 560.00 | $ 4,300 | 45.2 |
| 06-23-2023 | MN | Watonwan | Cropland | 80.00 | $ 9,100 | 68.6 |
| 06-23-2023 | IA | Hamilton | Cropland | 28.00 | $ 11,000 | 85.7 |
| 06-23-2023 | IA | Hamilton | Cropland | 77.00 | $ 5,900 | 74.6 |
| 06-23-2023 | IA | Hamilton | Cropland | 80.00 | $ 11,200 | 84.8 |
| 06-23-2023 | IA | Wright | Cropland/Build Site | 40.00 | $ 8,100 | 54.3 |
| 06-23-2023 | IA | Webster | Cropland | 80.00 | $ 12,700 | 73.3 |
| 06-23-2023 | IA | Webster | Cropland | 40.00 | $ 15,200 | 74.1 |
| 06-23-2023 | IL | Adams | Cropland | 63.37 | $ 5,900 | 111.4 |
| 06-23-2023 | MN | Watonwan | Cropland | 116.32 | $ 5,200 | 66.4 |
| 06-23-2023 | MN | Watonwan | Cropland | 72.01 | $ 7,300 | 73 |
| 06-23-2023 | MN | Watonwan | Cropland | 80.00 | $ 7,300 | 75.7 |
| 06-23-2023 | MN | Pipestone | Cropland | 109.60 | $ 4,250 | 68.7 |
| 06-23-2023 | MN | Pipestone | Cropland | 124.42 | $ 7,300 | 85.7 |
| 06-23-2023 | MN | Pipestone | Cropland | 80.48 | $ 10,000 | 89.9 |
| 06-24-2023 | IA | Fremont | Cropland | 67.93 | $ 14,000 | 82.5 |
| 06-24-2023 | IA | Fremont | Cropland | 40.37 | $ 13,000 | 75.7 |
| 06-24-2023 | IA | Fremont | Cropland | 53.69 | $ 14,000 | 79.9 |
| 06-26-2023 | MO | Audrain | Cropland | 158.00 | $ 10,100 | 68.3 |
| 06-26-2023 | IA | Mills | Cropland | 80.00 | $ 10,650 | 70 |
| 06-26-2023 | IA | Mills | Cropland/CRP | 40.00 | $ 11,150 | 81.9 |
| 06-27-2023 | IL | Iroquois | Cropland | 67.75 | $ 14,600 | 129.3 |
| 06-27-2023 | IA | Lee | Cropland | 154.96 | $ 3,375 | 62.2 |
| 06-27-2023 | IA | Allamakee | Cropland | 135.00 | $ 6,900 | 69.9 |
| 06-27-2023 | IA | Lee | Cropland | 162.53 | $ 3,650 | 63.7 |
| 06-27-2023 | IA | Boone | Cropland | 75.50 | $ 16,100 | 86.1 |
| 06-27-2023 | IA | Winneshiek | Cropland | 119.55 | $ 14,500 | 87.7 |
| 06-27-2023 | IA | Allamakee | Cropland | 140.40 | $ 5,050 | 68 |
| 06-27-2023 | IA | Lee | Cropland | 122.20 | $ 4,700 | 64.1 |
| 06-28-2023 | MO | Callaway | Cropland | 95.20 | $ 13,500 | 69.5 |
| 06-28-2023 | MN | Renville | Cropland | 152.68 | $ 12,250 | 80.1 |
| 06-28-2023 | IA | Clinton | Cropland | 133.00 | $ 10,400 | 82.7 |
| 06-28-2023 | MN | Martin | Cropland | 141.66 | 83.8 | |
| 06-28-2023 | LA | La Salle | Cropland | 98.35 | $ 16,900 | 142.9 |
| 06-28-2023 | MO | Callaway | Cropland | 258.30 | $ 13,000 | 66.8 |
| 06-29-2023 | MI | Cass | Cropland | 108.94 | 66.6 | |
| 06-29-2023 | IA | Greene | Cropland | 149.91 | $ 21,500 | 91.2 |
| 06-29-2023 | IA | Cherokee | Cropland | 42.64 | $ 7,600 | 87.6 |
| 06-29-2023 | IA | Allamakee | Cropland | 100.00 | $ 4,418 | 62.8 |
| 06-29-2023 | IA | Cherokee | Cropland | 51.50 | $ 7,600 | 84.4 |
| 06-29-2023 | IA | Washington | Cropland | 133.16 | $ 8,300 | 74.7 |
| 06-29-2023 | MN | Fillmore | Cropland | 160.00 | $ 11,300 | 58.8 |
| 06-29-2023 | MI | Cass | Cropland | 141.00 | $ 4,100 | 79.2 |
| 06-30-2023 | MN | Wilkin | Cropland | 160.00 | $ 6,311 | 74.2 |
| 07-01-2023 | NE | Boone | Cropland | 51.00 | $ 7,500 | 64.5 |
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