PRICE/ACRE UPDATE

There were 46 tracts of land that sold at auction between December 2nd and December 8th. During these auctions, there was a total of 6,039 +/- acres available for purchase and of those acres, 4,532 +/- were tillable acres. 

A few of the highlights from last week:

• 96 acres of recreational land sold in Monona County for $2,425/acre.
• 75 acres of tillable land sold in Crawford County for $9,000/acre with a CSR2 of 70.8 on the tillable acres.
• 40 acres of tillable and CRP land sold in Calhoun County for $10,000/acre with a CSR2 of 88.2 on the tillable acres.
• 75 acres of tillable land sold in Sioux County for $15,000/acre with a CSR2 of 99.9 on the tillable acres.
• 160 acres of tillable and pasture land sold in Dallas County for $8,400/acre with a CSR2 of 86.8 on the tillable acres.
• 164 acres of tillable land sold in Buena Vista County for $9,250/acre with a CSR2 of 86.8 on the tillable acres.
• 136 acres of tillable and CRP land sold in Delaware County for $7,000/acre with a CSR2 of 45.5 on the tillable acres.
• 70 acres of tillable land sold in Cerro Gordo county for $7,850/acre with a CSR2 of 82.4 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