Weekly Auction Results: 4/9/23-4/15/23
There were 11 tracts of land offered at public auction in Iowa April 9-15. During these auctions, there was a total of 889 acres available for purchase and of those acres, 83% were tillable.
Tracts Sold: 11
Average $/Acre: $13,952
Average $/Tillable: $15,934
Average $/CSR2: $199
1 Week % Change: -2%
Change from Q1 2023: +12%
The high sale of the week went to a Dubuque County 36.81-acre cropland farm with an acreage that sold for $21,325 per acre.
The high dollar per CSR2 sale was a 50-acre cropland farm that sold for $20,000 per acre or $236 per CSR2 point. This farm was sold by Peoples Company’s own Matt Adams.
Below is a chart tracking the weekly change in dollar per acre, dollar per tillable acre, and dollar per CSR2 over the past 12 months.
| Sale Date | State | County | Land Type | Gross Acres | $ Per Acre | CSR2 |
|---|---|---|---|---|---|---|
| 04-10-2023 | MO | Randolph | Cropland/Rec | 246.10 | $ 7,100 | 68.3 |
| 04-10-2023 | MO | Randolph | Cropland | 79.30 | $ 12,300 | 72.3 |
| 04-10-2023 | MN | Grant | Cropland/Rec | 116.00 | $ 5,200 | 67.6 |
| 04-11-2023 | IA | Dickinson | Acreage/Cropland | 36.81 | $ 21,325 | 70.1 |
| 04-11-2023 | IA | Jefferson | Cropland | 78.00 | $ 16,600 | 84 |
| 04-11-2023 | IA | Jefferson | Cropland | 39.00 | $ 16,600 | 87.9 |
| 04-11-2023 | IA | Washington | Cropland | 47.00 | $ 13,300 | 76 |
| 04-11-2023 | IL | Edgar | Cropland | 78.67 | $ 15,100 | 85.8 |
| 04-11-2023 | IL | Champaign | Cropland | 37.28 | $ 17,250 | 143 |
| 04-12-2023 | MN | Yellow Medicine | Cropland | 156.27 | $ 7,950 | 84.1 |
| 04-12-2023 | MN | Yellow Medicine | Cropland | 39.31 | $ 7,950 | 92.2 |
| 04-12-2023 | MN | Wright | Cropland | 73.77 | $ 4,050 | 50 |
| 04-12-2023 | MN | Martin | Cropland/CRP | 154.95 | $ 10,700 | 82.1 |
| 04-12-2023 | IA | Palo Alto | Cropland/Pasture | 156.40 | $ 7,800 | 42.1 |
| 04-13-2023 | IA | Calhoun | Cropland | 50.00 | $ 20,000 | 87.5 |
| 04-13-2023 | IA | Madison | Cropland | 77.00 | $ 5,300 | 52.2 |
| 04-13-2023 | NE | Nance | Pasture/Rec | 156.67 | $ 3,400 | 53.4 |
| 04-13-2023 | IA | Black Hawk | Cropland | 39.50 | $ 14,100 | 84.8 |
| 04-13-2023 | IA | Fremont | Cropland | 120.00 | $ 12,400 | 79.9 |
| 04-13-2023 | MN | Swift | Cropland | 156.00 | $ 6,700 | 80.9 |
| 04-13-2023 | MN | Swift | CRP | 40.00 | $ 4,050 | -- |
| 04-13-2023 | IA | Marion | Cropland | 165.06 | $ 12,800 | 87.5 |
| 04-14-2023 | NE | Cedar | Cropland | 54.03 | $ 12,500 | 65.5 |
| 04-14-2023 | NE | Cedar | Cropland | 114.15 | $ 12,200 | 66.9 |
| 04-14-2023 | IA | Grundy | Cropland | 80.00 | $ 13,250 | 58.1 |
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