PRICE/ACRE UPDATE

There were 14 tracts of land that sold at auction between December 16th and December 22nd. During these auctions, there was a total of 1,699 +/- acres available for purchase and of those acres, 1,521 +/- were tillable acres. 

A few of the highlights from last week:

• 43 acres of pasture land sold in Keokuk County for $4,600/acre.
• 145 acres of tillable land sold in Clay County for $9,200/acre with a CSR2 of 88.2 on the tillable acres.
• 160 acres of tillable and recreational land sold in Boone County for $5,700/acre with a CSR2 of 63.6 on the tillable acres.
• 160 acres of tillable land sold in Wright County for $9,100/acre with a CSR2 of 84.2 on the tillable acres.
• 80 acres of tillable and recreational land sold in Hardin County for $8,050/acre with a CSR2 of 81.5 on the tillable acres.
• 84 acres of CRP land sold in Muscatine County for $5,300/acre with a CSR2 of 66.7 on the CRP acres.
• 80 acres of tillable land sold in Greene County for $9,200/acre with a CSR2 of 84.1 on the tillable acres.
• 160 acres of tillable and recreational land sold in Franklin county for $6,200/acre with a CSR2 of 76.5 on the tillable acres.

There were a few very strong sales in Iowa this past week. Check back next week for continued conversation on the auctions we’re seeing from around the state and be sure to take a look at our November Auction Results.  Please make sure and hit the “like” button on Facebook and follow us on Twitter @PeoplesCompany.

The Peoples Company Appraisal Team