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Weekly Auction Results 6/11/23-6/17/23

June 19, 2023 - Ashley Poduska
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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 DateStateCountyLand TypeGross Acres$ Per AcreCSR2
06-13-2023IAGreeneAcreage7.35$ 36,000 --
06-13-2023IAGreeneCropland150.14$ 18,32392.9
06-13-2023MNNicolletCropland80.00$ 15,60695.5
06-13-2023MOHoltCropland157.00$ 4,00073.7
06-14-2023IAAudubonCropland100.00$ 9,10064.1
06-14-2023ILChampaignCropland146.48$ 15,400136.5
06-14-2023IACherokeeCropland90.00$ 8,40075.8
06-14-2023IAScottCropland134.88$ 15,50065.9
06-14-2023IAScottCropland90.58$ 15,00064.6
06-14-2023MOHoltCropland78.80$ 14,00084.1
06-14-2023IAAudubonCropland160.00$ 9,00076.4
06-14-2023IAMarionCropland94.08$ 12,10072.5
06-14-2023MOHoltCropland/Rec87.50$ 7,12578.1
06-15-2023MOAudrainCropland148.35$ 11,07468.6
06-15-2023IAClarkeCropland80.00$ 21,20091.4
06-15-2023IAClarkeCropland28.00$ 20,25096.7
06-15-2023IAHamiltonCropland96.00$ 12,75087.6
06-15-2023IABremerCropland37.11$ 14,55085
06-15-2023IABremerCropland25.44$ 13,52579.8
06-15-2023IAJasperCropland140.35$ 8,90067.7
06-15-2023IAJasperCropland42.61$ 9,10060.1
06-15-2023IAJasperCropland94.41$ 6,75058.7
06-15-2023IAJasperCropland/Timber160.51$ 5,85066.6
06-15-2023ILMcDonoughCropland84.51$ 20,150143
06-15-2023ILMcDonoughCropland129.40$ 19,400143.5
06-15-2023ILMcDonoughCropland127.00$ 20,150144.4
06-16-2023IABuchananCropland/CRP80.00$ 7,55063.9
06-16-2023IABuchananCropland68.10$ 12,00085.2
06-16-2023IABuchananCropland27.97$ 15,20087.3
Published in: Land Values

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