Land Auction Results - March 2023

There were 128 tracts of land that sold at auction in Iowa during March 2023. At these auctions, there was a total of 12,449 acres available for purchase and of those acres, 88% were tillable acres.

Iowa Results
Tracts Sold: 128
Acres Sold: 12,449
Average $/Acre: $11,572
Average $/Tillable: $13,686
Average $/CSR2: $176
Change from Last Month: -1%
Change from 2022 Q4: -4%
One Year Change: -7%

The high $/acre sale of the month went to two tracts that sold in Plymouth County. Tract 1 sold 75.99-acres for $24,000 per acre or $257 per CSR2. Tract 2 sold 76.71-acres for $24,000 per acre or $258 per CSR2.

The high $/CSR2 sale went to a Lyon County 80-acre cropland farm with a CSR2 of 68.5. It sold for $20,400/acre or $301/CSR2.

Peoples Company Auctions:
Listing #16628 - 293.88 Acres M/L in Butler County, IA
Listing #16604 - 80 Acres M/L in Clinton County, IA
Listing #16626 - 153.56 Acres M/L in Osceola County, IA
Listing #16619 - 140 Acres M/L in Wayne County, IA
Listing #16623 - 430 Acres M/L in Rock County, WI
Listing #16622 - 56.70 Acres M/L in Randolph County, MO
Listing #16638 - 201 Acres M/L in Hancock County, IA
Listing #16661 - 78.69 Acres M/L in Greene County, IA
Listing #16639 - 75 Acres M/L in Marion County, IA

Click HERE to view the Iowa Land Values Update for 2023 Quarter 1.

Below is a map for the auction data in Iowa for March 2023.

Illinois Results
Tracts Sold: 22
Average $/Acre: $16,338
Average $/Tillable: $17,388
Average $/PI: $136

Minnesota Results
Tracts Sold: 16
Average $/Acre: $9,017
Average $/Tillable: $10,498
Average $/PI: $122

Missouri Results
Tracts Sold: 40
Average $/Acre: $6,783
Average $/Tillable: $10,493
Average $/PI: $153

Nebraska Results
Tracts Sold: 12
Average $/Acre: $8,954
Average $/Tillable: $13,762
Average $/PI: $176

Wisconsin Results
Tracts Sold: 10
Average $/Acre: $8,482
Average $/Tillable: $11,604
Average $/PI: $160

Below is a map of the auction data in the Midwest for March 2023.

Below are results for land auctions that occurred in March 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/