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Weekly Auction Results: 2/13/22–2/19/22

February 21, 2022 - Ashley Poduska
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12 tracts sold at public auction last week, with a total of 1,270 acres bringing an average dollar per acre of $12,500.  Eight of these tracts met our criteria for calculating dollar per tillable acre and dollar per CSR2.  The average dollar per tillable was $14,466 bringing the average dollar per CSR2 to $178.  This dollar per CSR2 is up 4% from last week, and up 5% from Q4 2021.

The top dollar per acre sale of the week went to a Lyon County farm that sold for $18,500 per acre.  However, the highest dollar per CSR2 sale went to another tract at that same auction, bringing only $11,100 per acre but $226 per CSR2.  This particular tract had a CSR2 of 51.8, while the other two tillable tracts that sold at that auction were in the high 90s for CSR2.

 

Sale Date State County Land Type Gross Acres $ Per Acre CSR2
02-14-2022 IA Chickasaw Cropland 76.30 39.4
02-14-2022 IA Chickasaw Cropland 159.30 43.2
02-15-2022 IA Montgomery Cropland 153.05 $ 16,200 91.9
02-15-2022 IA Grundy Cropland 151.64 $ 11,300 69.9
02-15-2022 IA Grundy Cropland 34.40 $ 10,050 72.5
02-17-2022 IA Osceola Cropland 152.58 $ 8,950 68.8
02-17-2022 IA Keokuk Cropland 150.50 $ 13,200 79.4
02-17-2022 IA Keokuk Cropland 83.00 $ 13,200 77.1
02-17-2022 IA Mahaska Cropland 249.00 63.1
02-17-2022 IA Mahaska Cropland 79.00 52.4
02-17-2022 IA Mahaska Rec / Timber 120.00 52.4
02-17-2022 IA Guthrie Cropland 79.00 $ 11,900 77.7
02-17-2022 IA Guthrie Cropland 153.00 $ 10,900 82.7
02-18-2022 IA Lucas Tillable/Pasture 59.79 $ 7,100 73
02-18-2022 IA Lucas Cropland 94.08 $ 11,100 51.8
02-18-2022 IA Lucas Cropland 79.79 $ 17,600 96.1
02-18-2022 IA Lucas Cropland 79.80 $ 18,500 97.2
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