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Weekly Auction Results: 6/19/22–6/25/22

June 27, 2022 - Ashley Poduska
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35 tracts sold in Iowa last week, bringing an average dollar per acre of $12,707 with an average dollar per tillable of $13,877 and an average dollar per CSR2 of $171. This $/CSR2 is down 13% from the previous week and down 2% from the Q1 $/CSR2 average.  

The big story of the week was a Jones County 79 acre, 57.7 CSR2 cropland farm that sold for $20,200 per acre. On paper, this looks as if the $/CSR2 was over $364 per point. However, this farm included the rural residential building site, which is typically split from the larger field. While the dwelling and outbuildings are older, they contribute some value to the farm, and we therefore do not calculate the $/Tillable and $/CSR2 in sales such as this.

Excluding the Jones County sale, the sale of the week went to a Plymouth County 160 acre cropland farm that sold for $21,700 per acre or $247/CSR2.

Special shout out to Travis Smock and his record-breaking Buchanan County auction that sold for $17,500 or $198/CSR2.
 

Sale Date State County Land Type Gross Acres $ Per Acre CSR2
06-20-2022 IA Floyd Cropland 115.42 $ 19,200 --
06-20-2022 IA Floyd Cropland 116.91 $ 19,200 --
06-21-2022 IA Benton Cropland 50.70 $ 5,700 --
06-21-2022 IA Bremer Cropland 117.00 $ 17,500 --
06-21-2022 IA Bremer Cropland 74.00 $ 12,500 --
06-21-2022 IA Hamilton Cropland 78.76 $ 17,700 --
06-21-2022 IA Benton Cropland 85.90 $ 5,700 --
06-22-2022 IA Lyon Pasture 222.00 $ 4,250 --
06-22-2022 MN St. Louis Cropland 51.58 $ 580 --
06-22-2022 IA Lyon Pasture 118.00 $ 9,800 --
06-22-2022 IA Lyon Cropland 40.00 $ 15,200 --
06-22-2022 IA Lee Cropland 41.09 $ 19,700 --
06-22-2022 IA Boone Cropland 73.93 $ 14,650 --
06-22-2022 IA Boone Cropland 56.18 $ 10,400 --
06-22-2022 IA Boone Cropland 69.99 $ 13,800 --
06-22-2022 IA Delaware Cropland 75.80 $ 8,050 --
06-22-2022 IA Harrison Cropland 100.62 $ 15,800 --
06-22-2022 IA Harrison Cropland 74.07 $ 16,000 --
06-22-2022 IA Harrison Cropland 62.94 $ 16,000 --
06-22-2022 IA Harrison Cropland 40.21 $ 16,100 --
06-22-2022 IA Harrison Cropland 40.00 $ 9,600 --
06-22-2022 IA Osceola Cropland 155.60 $ 6,600 --
06-23-2022 IA Palo Alto Cropland 160.00 $ 21,700 --
06-23-2022 IA Fayette Cropland 156.49 $ 11,850 --
06-23-2022 IA Fayette Cropland 122.75 $ 11,600 --
06-23-2022 IA Dubuque Cropland 102.00 $ 7,900 --
06-23-2022 IA Dubuque Cropland 102.00 $ 6,100 --
06-23-2022 IA Johnson Cropland/Rural Res 79.00 $ 20,200 --
06-23-2022 IA Cherokee Cropland 38.00 $ 13,100 --
06-23-2022 IA Cherokee Cropland 108.40 $ 13,056 --
06-23-2022 IA Cherokee Cropland 110.08 $ 9,100 --
06-23-2022 MN Clay Cropland 152.78 $ 5,531 --
06-23-2022 MN Polk Cropland/Rec 150.00 $ 1,550 --
06-23-2022 MN Polk Cropland/Rec 160.00 $ 1,660 --
06-23-2022 MN Polk Cropland/Rec 158.00 $ 2,510 --
06-24-2022 IA Greene Cropland 145.56 $ 12,900 --
06-24-2022 IL Menard Cropland 197.07 $ 9,600 --
06-24-2022 IA Greene Cropland 80.50 $ 19,950 --
06-24-2022 IN Whitley CRP 80.00 $ 8,250 --
06-25-2022 IA Clinton Cropland 39.00 $ 5,300 --
06-25-2022 IA Clinton CRP 77.00 $ 10,300 --
06-25-2022 IA Clinton Cropland 77.00 --
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