Weekly Auction Results 6/11/23-6/17/23
It was another active week in auctions, with Iowa selling 19 tracts that met our 35+ acre threshold, and additional auctions in Illinois, Minnesota, and Missouri.
The high sale of the week went to a Clay County 80-acre cropland farm, selling for $21,200 per acre or $246 per CSR2. Tract 2 of that auction also sold high: $20,250 per acre. However, as Tract 2 was only 28 acres, it was excluded from our $/CSR2 average.
An honorable mention goes to the two-tract Shelby County auction: Tract 1 sold for $15,500/acre or $235/CSR2, and Tract 2 sold for $15,000/acre or $236/CSR2.
Iowa Results
Tracts Sold: 20
Acres Sold: 1,707.5
Average $/Acre: $13,552
Average $/Tillable: $13,939
Average $/CSR2: $180
Change from Q1 2023: +2%
Illinois Results
Tracts Sold: 4
Acres Sold: 487
Minnesota Results
Tracts Sold: 1
Acres Sold: 80
Missouri Results
Tracts Sold: 4
Acres Sold: 472
| Sale Date | State | County | Land Type | Gross Acres | $ Per Acre | CSR2 |
|---|---|---|---|---|---|---|
| 06-13-2023 | IA | Greene | Acreage | 7.35 | $ 36,000 | -- |
| 06-13-2023 | IA | Greene | Cropland | 150.14 | $ 18,323 | -- |
| 06-13-2023 | MN | Nicollet | Cropland | 80.00 | $ 15,606 | -- |
| 06-13-2023 | MO | Holt | Cropland | 157.00 | $ 4,000 | -- |
| 06-14-2023 | IA | Audubon | Cropland | 100.00 | $ 9,100 | -- |
| 06-14-2023 | IL | Champaign | Cropland | 146.48 | $ 15,400 | -- |
| 06-14-2023 | IA | Cherokee | Cropland | 90.00 | $ 8,400 | -- |
| 06-14-2023 | IA | Scott | Cropland | 134.88 | $ 15,500 | -- |
| 06-14-2023 | IA | Scott | Cropland | 90.58 | $ 15,000 | -- |
| 06-14-2023 | MO | Holt | Cropland | 78.80 | $ 14,000 | -- |
| 06-14-2023 | IA | Audubon | Cropland | 160.00 | $ 9,000 | -- |
| 06-14-2023 | IA | Marion | Cropland | 94.08 | $ 12,100 | -- |
| 06-14-2023 | MO | Holt | Cropland/Rec | 87.50 | $ 7,125 | -- |
| 06-15-2023 | MO | Audrain | Cropland | 148.35 | $ 11,074 | -- |
| 06-15-2023 | IA | Clarke | Cropland | 80.00 | $ 21,200 | -- |
| 06-15-2023 | IA | Clarke | Cropland | 28.00 | $ 20,250 | -- |
| 06-15-2023 | IA | Hamilton | Cropland | 96.00 | $ 12,750 | -- |
| 06-15-2023 | IA | Bremer | Cropland | 37.11 | $ 14,550 | -- |
| 06-15-2023 | IA | Bremer | Cropland | 25.44 | $ 13,525 | -- |
| 06-15-2023 | IA | Jasper | Cropland | 140.35 | $ 8,900 | -- |
| 06-15-2023 | IA | Jasper | Cropland | 42.61 | $ 9,100 | -- |
| 06-15-2023 | IA | Jasper | Cropland | 94.41 | $ 6,750 | -- |
| 06-15-2023 | IA | Jasper | Cropland/Timber | 160.51 | $ 5,850 | -- |
| 06-15-2023 | IL | McDonough | Cropland | 84.51 | $ 20,150 | -- |
| 06-15-2023 | IL | McDonough | Cropland | 129.40 | $ 19,400 | -- |
| 06-15-2023 | IL | McDonough | Cropland | 127.00 | $ 20,150 | -- |
| 06-16-2023 | IA | Buchanan | Cropland/CRP | 80.00 | $ 7,550 | -- |
| 06-16-2023 | IA | Buchanan | Cropland | 68.10 | $ 12,000 | -- |
| 06-16-2023 | IA | Buchanan | Cropland | 27.97 | $ 15,200 | -- |
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