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Land Auction Results - October 2023

November 8, 2023 - Ashley Poduska
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The appraisal team at Peoples Company was able to track 57 tracts or 5,552 acres sold at public auction in Iowa during October 2023. The average dollar per acre was $12,456, the average dollar per tillable acre was $13,820, and the average dollar per CSR2 was $171.

Iowa Values Results
$/Acre: $12,456
$/Tillable: $13,820
$/CSR2: $171
Change from Q3 2023: -6%

Iowa Volume Results
Tracts Sold: 57
Acres Sold: 5,552
Change from September 2023: -33%
Change from October 2022: -35%


Peoples Company Auctions
Listing #17071 - 156.81 Acres M/L in Greene County, IA
Listing #17103 - 70 Acres M/L in Monroe County, IA
Listing #17036 - 135.23 Acres M/L in Stephenson County, IL
Listing #17058 - 274.49 Acres M/L in Marion County, IA
Listing #17070 - 80 Acres M/L in Greene County, IA
Listing #17083 - 657.18 Acres M/L in Pottawattamie County, IA
Listing #17025 - 120.67 Acres M/L in Warren County, IA

Click HERE to view the Iowa Land Values Update for 2023 Quarter 3.

Illinois Results
Tracts Sold: 31
Average $/Acre: $12,552

Minnesota Results
Tracts Sold: 40
Average $/Acre: $9,406

Missouri Results
Tracts Sold: 20
Average $/Acre: $6,396

Nebraska Results
Tracts Sold: 21
Average $/Acre: $8,155

South Dakota Results
Tracts Sold: 3
Average $/Acre: --

Wisconsin Results
Tracts Sold: 9
Average $/Acre: $7,241

Below is a map of the auction locations for October 2023.


Below are results for land auctions that occurred in October 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
10-02-2023 MN Fillmore Cropland 73.78 $ 9,900 93.5
10-02-2023 IL Knox Cropland/CRP 79.19 $ 12,900 131
10-03-2023 IA Benton Cropland 77.00 $ 13,900 86.4
10-03-2023 IL Henderson Cropland 64.13 $ 11,000 120.2
10-04-2023 IL Iroquois Cropland 115.88 $ 13,700 127.7
10-04-2023 IL Iroquois Cropland 77.77 $ 13,800 126.5
10-04-2023 IL Iroquois Cropland 79.13 $ 13,600 129.9
10-04-2023 IL Iroquois Cropland 75.00 $ 11,100 129.1
10-04-2023 IL Iroquois Cropland 108.52 $ 13,600 130.2
10-04-2023 IL Iroquois Cropland/CRP 81.32 $ 13,500 131.6
10-04-2023 IL Iroquois Cropland 79.76 $ 13,600 125.3
10-04-2023 IL Iroquois Cropland 119.58 $ 14,100 130.5
10-04-2023 IL Iroquois Cropland 80.66 $ 9,300 123.1
10-04-2023 IL Iroquois Cropland 77.69 $ 14,600 134
10-04-2023 IL Iroquois Cropland 82.01 $ 14,600 134.8
10-04-2023 IL Iroquois Cropland/CRP 28.94 $ 12,800 130.9
10-05-2023 IL Stephenson Cropland 52.78 $ 11,000 107.5
10-05-2023 IA Cherokee Cropland 77.75 $ 16,500 88.9
10-05-2023 IA Cherokee Cropland 106.74 $ 16,500 92.5
10-05-2023 IL Stephenson Cropland 46.74 $ 10,250 89.4
10-05-2023 IL Stephenson Cropland 10.39 $ 10,600 102.2
10-05-2023 IL Christian Cropland 80.00 $ 16,100 137.8
10-05-2023 IL Stephenson Rural Residence 15.52 $ 23,840 --
10-05-2023 IL Christian Cropland 77.22 $ 14,100 135
10-05-2023 IL Christian Cropland 40.00 $ 13,900 142.7
10-05-2023 IL Stephenson Site 9.80 $ 4,500 --
10-06-2023 IA Greene Cropland 156.81 $ 13,500 82.1
10-06-2023 IA Buchanan Cropland 8.85 $ 10,000 82
10-06-2023 IA Buchanan Cropland 129.42 $ 15,850 88.8
10-06-2023 IA Buchanan Cropland 74.00 $ 14,000 84.3
10-06-2023 IA Monroe Recreational 70.00 $ 6,250 --
10-06-2023 IA Wright Cropland 155.57 $ 12,635 86.5
10-06-2023 MO Carroll Cropland 38.00 $ 10,600 64.9
10-06-2023 MO Carroll Cropland w/ Dwelling 83.00 $ 10,600 81.8
10-09-2023 MN Lincoln Cropland 80.00 63.2
10-09-2023 MN Lincoln Cropland 132.23 67.9
10-09-2023 MN Lincoln Cropland 145.60 68.9
10-10-2023 IA Marshall Cropland 154.69 $ 9,608 67.8
10-11-2023 IA Winneshiek Cropland 45.19 $ 11,400 58.9
10-11-2023 IA Winneshiek Cropland 68.48 $ 11,700 52.23
10-11-2023 IA Winneshiek Cropland 69.37 $ 11,500 75.3
10-11-2023 IA Marion Cropland 118.76 $ 8,000 77.9
10-11-2023 IA Marion Cropland 59.71 $ 6,000 72.3
10-11-2023 IA Marion Rec 97.78 $ 5,000 68.2
10-11-2023 MN Chippewa Cropland 152.40 76.7
10-11-2023 MN Chippewa Cropland 80.00 74.5
10-11-2023 MN Chippewa Cropland 80.00 75.7
10-11-2023 MN Kittson Copland 279.00 $ 1,911 56.5
10-11-2023 MN Kittson Idle Cropland/Rec 87.00 $ 672 55.4
10-11-2023 MN Kittson CRP/Rec 54.00 $ 1,092 --
10-11-2023 MN Kittson Acreage/CRP 38.00 $ 1,243 --
10-11-2023 MN Meeker Acreage/Rec 30.75 $ 16,185 --
10-11-2023 MN Meeker Build Site/Vineyard 29.99 $ 9,103 --
10-11-2023 WI Sauk Cropland 102.00 $ 5,500 46.7
10-11-2023 MN Meeker Build Site 19.53 $ 15,376 --
10-12-2023 IA Osceola Cropland 80.95 $ 15,100 84
10-12-2023 IA Wright Cropland 159.50 $ 13,800 87.5
10-12-2023 NE Buffalo Irrigated Cropland/Hayland 238.50 $ 4,300 60.5
10-12-2023 IA Osceola Cropland 89.90 $ 19,700 98.1
10-12-2023 IA Osceola Cropland 81.66 $ 16,800 97.9
10-12-2023 WI Grant Cropland 220.00 68.2
10-12-2023 IA Plymouth Cropland 80.00 $ 15,100 82.6
10-12-2023 MN Freeborn Cropland 40.00 $ 9,700 79.9
10-12-2023 MN Freeborn Cropland 40.00 $ 8,200 89.7
10-12-2023 MN Fillmore Mixed Use 58.43 $ 9,000 32.6
10-12-2023 IA Jefferson Cropland 100.00 $ 16,900 80.8
10-12-2023 IA Osceola Cropland 163.10 $ 10,800 72.4
10-12-2023 IA Fremont Cropland 124.17 $ 8,250 71.6
10-12-2023 IA Osceola Cropland 67.48 $ 16,200 98.1
10-13-2023 MO Ralls CRP/Recreational 110.00 --
10-13-2023 IA Sac Cropland 91.00 $ 12,225 81.1
10-16-2023 IA Cedar Cropland 195.23 77
10-17-2023 MN Clay Cropland 80.00 $ 7,700 92.5
10-17-2023 MN Wilkin Cropland/CRP 142.63 $ 4,220 85.8
10-17-2023 IA Franklin Cropland 80.00 $ 11,800 84.9
10-17-2023 IA Montgomery Cropland 159.00 $ 4,000 55.5
10-18-2023 IA Black Hawk Cropland 80.00 $ 13,200 88
10-18-2023 IA Black Hawk Cropland 90.00 $ 14,200 87.9
10-18-2023 IA Poweshiek Cropland 80.00 $ 20,700 91.2
10-19-2023 MI Saginaw Cropland/Rec 20.00 54
10-19-2023 MI Saginaw Cropland/Rec 60.00 54.8
10-19-2023 NE Nance Cropland 80.00 $ 8,800 54.3
10-19-2023 NE Nance Mixed Use 80.00 $ 8,700 64.3
10-19-2023 WI St. Croix Cropland 110.83 $ 13,000 47.6
10-19-2023 MI Saginaw Cropland/Acreage 40.00 54.3
10-19-2023 IL Adams Cropland 153.85 $ 5,300 110.9
10-20-2023 IA Greene Cropland 80.00 $ 13,000 85.6
10-23-2023 NE Hitchcock Irrigated Cropland 160.00 $ 6,000 57.3
10-24-2023 NE Merrick Irrigated Cropland 161.85 $ 8,750 52.6
10-24-2023 SD Union Cropland 147.09 $ 9,800 60
10-24-2023 SD Union Cropland 70.98 $ 13,900 72.8
10-24-2023 IL Woodford Cropland 77.44 132.3
10-24-2023 IL Woodford Cropland 83.00 137.2
10-25-2023 MO Andrew Cropland 77.64 $ 8,000 71.3
10-25-2023 IA Emmet Cropland 154.00 $ 14,400 84.5
10-25-2023 IA Osceola Cropland 98.40 $ 12,700 89.2
10-25-2023 IA Osceola CRP/Pasture 54.58 $ 4,500 --
10-25-2023 MN Mower Cropland 150.25 $ 12,019 87.1
10-25-2023 MN Mower Cropland/Acreage 160.00 $ 12,019 82.9
10-25-2023 MN Mower Cropland 140.35 $ 12,019 88.4
10-25-2023 MN Mower Cropland 80.00 $ 12,019 96.1
10-25-2023 MN Mower Cropland 50.95 $ 10,201 90.8
10-25-2023 MN Mower Cropland 147.50 $ 11,110 90.2
10-25-2023 MN Mower Cropland 73.92 $ 8,181 81.7
10-25-2023 MN Mower Cropland 120.92 $ 11,110 74
10-25-2023 MN Mower Cropland 60.52 $ 11,110 77.8
10-25-2023 MN Stearns Hay 38.05 $ 11,672 71.3
10-25-2023 MN Olmsted Cropland 63.01 $ 11,400 72.1
10-25-2023 MO Gentry Auction 141.50 $ 6,400 67.8
10-25-2023 MO Gentry Auction 68.05 $ 5,800 74.7
10-25-2023 MO Andrew Auction 35.25 $ 8,000 74.6
10-25-2023 MO Andrew Auction 272.36 74.8
10-25-2023 MO Andrew Auction 59.97 $ 6,600 69.6
10-25-2023 MO Andrew Auction 240.95 $ 8,400 73.8
10-25-2023 MO Andrew Auction 117.05 $ 8,750 75.5
10-25-2023 MO Gentry Auction 54.00 $ 6,300 67.3
10-25-2023 MO Gentry Auction 156.00 $ 7,700 69.6
10-25-2023 MO Gentry Auction 72.00 $ 6,400 71.4
10-25-2023 MO Gentry Cropland 56.00 $ 5,000 62.6
10-25-2023 MO Gentry Cropland 217.00 $ 5,500 65.8
10-25-2023 MO Gentry Cropland 42.00 $ 6,850 65.8
10-25-2023 MO Gentry Cropland 266.53 $ 6,100 65.6
10-25-2023 MO Gentry Cropland/ Bin Site 156.74 $ 9,000 69.5
10-25-2023 MO Gentry Cropland 270.12 $ 5,700 64.5
10-25-2023 MO Gentry Cropland 194.00 $ 7,100 71.4
10-25-2023 IA Lyon Cropland 76.03 $ 11,300 88.4
10-25-2023 MO Andrew Cropland 358.39 69.6
10-25-2023 MO Gentry Cropland 145.50 $ 6,900 64.2
10-25-2023 MO Nodaway Headquarters/Cropland 316.00 70.7
10-25-2023 MO Monroe Cropland 84.00 $ 6,500 66.1
10-25-2023 MO Monroe Cropland 154.00 $ 5,700 66.7
10-25-2023 MO Ray Cropland/Rec 63.35 $ 6,200 79.1
10-26-2023 MO Shelby Cropland 67.70 $ 9,600 66.5
10-26-2023 MO Ralls Mixed Use 66.00 $ 4,500 --
10-26-2023 MO Ralls Cropland 58.00 $ 4,800 --
10-26-2023 MN Renville Acreage 5.00 --
10-26-2023 MN Renville Cropland 71.32 $ 13,020 93.5
10-26-2023 NE Stanton Cropland 60.00 $ 11,400 72.6
10-26-2023 MN Freeborn Cropland/Acreage 80.00 $ 6,666 68.3
10-26-2023 MN Freeborn Cropland 56.00 $ 11,716 85
10-26-2023 MN Freeborn Cropland 184.00 $ 11,716 80.7
10-26-2023 IA Plymouth Cropland 160.00 $ 10,400 46.5
10-26-2023 IA Pottawattamie Cropland 140.18 $ 7,416 59.7
10-26-2023 IA Pottawattamie Cropland 150.12 $ 10,558 64.5
10-26-2023 IA Pottawattamie Cropland 174.66 $ 10,558 69.6
10-26-2023 IA Pottawattamie Cropland 66.00 $ 11,300 52.2
10-26-2023 IA Pottawattamie Cropland 77.00 $ 11,330 70.8
10-26-2023 IA Pottawattamie Cropland 49.22 $ 12,463 71.2
10-26-2023 IL De Witt Cropland 147.38 $ 9,700 141.9
10-27-2023 IL Sangamon Cropland 70.99 $ 20,100 141.1
10-27-2023 IA Iowa Cropland 80.00 $ 15,200 78.9
10-27-2023 IA Warren Building Site 10.00 --
10-27-2023 IA Warren Building Site 10.00 --
10-27-2023 IA Warren Cropland 30.00 $ 13,400 80
10-27-2023 IA Warren Cropland 70.67 $ 13,400 82.1
10-27-2023 IA Iowa Cropland 68.50 $ 15,050 75.4
10-30-2023 NE Pawnee Pasture 120.00 $ 2,800 --
10-30-2023 MN Douglas CRP/Rec 79.78 $ 8,200 86.2
10-30-2023 MN Jackson Cropland 81.98 $ 10,100 78.4
10-30-2023 MN Jackson Cropland 81.98 $ 10,100 85.3
10-30-2023 IL Marshall Cropland 142.89 $ 13,200 136.3
10-30-2023 WI Marathon Cropland 64.50 $ 5,891 60.9
10-30-2023 WI Marathon Rec/Pasture 36.00 $ 3,403 --
10-30-2023 NE Pawnee Cropland/Pasture 79.00 $ 4,200 64.9
10-31-2023 MN Nobles Cropland 78.79 $ 14,900 92.9
10-31-2023 IA Marshall Cropland 76.70 $ 21,300 94.4
10-31-2023 IA Pottawattamie Cropland 135.45 $ 10,600 74.2
10-31-2023 IA Franklin Cropland 148.00 $ 13,300 88.1
10-31-2023 IA Franklin Cropland 108.00 $ 15,200 76.8
10-31-2023 IA Franklin Cropland 77.00 $ 9,200 79.2
10-31-2023 IL Kankakee Cropland/Build Site 80.00 $ 9,100 120.9
10-31-2023 IL Kankakee Cropland 114.06 $ 12,800 125.7
10-31-2023 IL Kankakee Cropland 76.82 $ 9,000 115.3
10-31-2023 IL Kankakee Cropland 183.92 $ 12,700 128.2
10-31-2023 IL Logan Cropland 158.71 $ 13,100 130.6
10-31-2023 IL Kankakee Cropland 54.21 $ 10,000 128.6
10-31-2023 MN Nobles Cropland 79.78 $ 20,750 94.3
10-31-2023 MN Nobles Cropland 141.92 $ 10,300 93.4
10-31-2023 MN Nobles Cropland 82.32 $ 14,900 93
10-31-2023 MN Nobles Cropland 80.87 $ 14,100 89.2
10-31-2023 MN Nobles Cropland 67.21 $ 14,750 95.2
10-31-2023 MN Nobles Cropland 80.21 $ 8,000 93.4
10-31-2023 MN Nobles Cropland 80.00 $ 14,750 91.4
10-31-2023 MN Nobles Cropland 80.87 $ 12,500 92.1
11-01-2023 IA Clarke Rec 90.87 $ 4,410 --
11-01-2023 MI Bay Cropland 38.00 $ 9,500 57.6
11-01-2023 MI Bay Mixed Use 30.50 $ 15,738 55
11-01-2023 MN Marshall Cropland 80.00 $ 5,500 89
11-01-2023 MN Pipestone Cropland 89.60 $ 8,400 74.1
11-01-2023 MN Marshall Cropland 150.00 $ 5,700 88.1
11-01-2023 NE Thurston Cropland 25.95 $ 4,950 77.3
11-01-2023 NE Thurston Cropland 39.88 $ 8,900 72
11-01-2023 IA Lucas CRP 144.34 $ 6,850 63.9
11-01-2023 IA Boone Cropland 116.23 $ 15,000 83.9
11-01-2023 WI Sauk Mixed Use 35.84 $ 6,750 67.5
11-01-2023 WI Sauk Cropland 76.91 $ 8,900 66.8
11-01-2023 IA Clarke CRP/Rec 33.76 $ 5,066 59.4
11-01-2023 IA Marion Cropland 153.00 $ 15,600 81
11-01-2023 IA Kossuth Cropland 80.00 $ 9,000 65.6
11-01-2023 IA Clarke CRP/Pasture 38.69 $ 5,775 67.7
11-01-2023 IA Clarke CRP 159.66 $ 4,122 40.6
11-01-2023 IA Clarke CRP 38.00 $ 7,613 74.4
11-01-2023 ND Pembina Cropland 160.00 $ 17,500 91.6
11-01-2023 IA Clarke CRP/Rec 59.64 $ 5,644 79.2
11-01-2023 IA Clarke CRP 76.99 $ 5,670 69.7
11-01-2023 IA Clarke CRP 64.81 $ 7,088 51.2
11-01-2023 IA Marion Cropland 153.00 $ 15,600 80.8
11-01-2023 IA Buena Vista Cropland 29.63 $ 7,700 73.7
11-01-2023 IA Buena Vista Turkey Buildings 11.07 $ 17,841 --
11-01-2023 IL Christian Cropland 40.00 $ 14,700 127.6
11-01-2023 IL Christian Cropland 40.00 $ 14,700 120.4
11-01-2023 ND Pembina Cropland 160.00 $ 17,500 82.6
11-01-2023 NE Thurston Cropland 57.98 $ 8,500 77.4
11-01-2023 NE Thurston Cropland 133.97 $ 7,250 79.6
11-01-2023 NE Thurston Cropland 119.67 $ 9,075 66.6
11-01-2023 NE Thurston Cropland 63.76 $ 6,500 81.3
11-01-2023 NE Thurston Cropland 111.36 $ 8,075 74.5