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Weekly Auction Results: 8/28/22–9/3/22

September 6, 2022 - Ashley Poduska
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There were 19 tracts of land that sold at auction in Iowa between August 28th and September 3rd that met the criteria of 35+ acres, 85%+ tillable with a primarily highest-and-best-use of agriculture. During these auctions, there was a total of 2197.8 acres available for purchase and of those acres, there was an average of 89% tillable acres.

Iowa Results:
Tracts Sold: 19
Average $/Acre: $11,358
Average $/Tillable: $13,534
Average $/CSR2: $166
Change from Prior Week: -8%
Change from 2022 Q2: -12%

The high sale of the week went to a Sioux County 80.29-acre cropland farm, bringing $26,000/acre or $292/CSR2.

Below is a chart tracking the weekly change of $/CSR2 from the first week of January to now.

Minnesota Results:
Tracts Sold: 7
Average $/Acre: $9,145
Average $/Tillable: $12,411
Average $/PI: $137
 

Sale Date State County Land Type Gross Acres $ Per Acre CSR2
08-29-2022 IA Mills Cropland 38.93 $ 13,250 80.9
08-30-2022 IL DeKalb Cropland 85.75 $ 14,000 141.7
08-30-2022 MN Le Sueur Cropland 40.00 $ 7,250 85.1
08-30-2022 IA Keokuk Cropland 166.00 $ 15,100 76.9
08-30-2022 NE Hitchcock Pasture 507.00 42.7
08-30-2022 IA Cedar Cropland 224.14 $ 12,400 83.8
08-31-2022 IA Scott Cropland 156.10 $ 16,100 68.7
08-31-2022 IA Shelby Cropland 80.29 $ 26,000 91.3
08-31-2022 IA Shelby Cropland 151.59 $ 20,100 90.6
08-31-2022 MN Blue Earth Cropland 35.39 $ 9,692 89.1
08-31-2022 IA Delaware Cropland 100.30 $ 8,973 77.2
08-31-2022 IA Union Cropland 60.00 $ 6,425 54.5
08-31-2022 IA Fayette Cropland 79.64 $ 7,800 88.6
08-31-2022 IA Benton Cropland 81.40 $ 13,500 84.4
08-31-2022 IA Benton Cropland 87.98 $ 11,500 80.7
08-31-2022 IA Worth Cropland/CRP 149.81 $ 12,600 66.7
09-01-2022 MN Jackson Cropland 73.00 $ 14,700 92.2
09-01-2022 IA Osceola Cropland 98.37 $ 10,200 76
09-01-2022 IA Osceola Cropland 155.29 $ 9,750 90
09-01-2022 IA Osceola Corpland 77.27 $ 8,700 71.5
09-01-2022 IA Osceola Cropland 77.16 $ 8,500 74.7
09-01-2022 IA Osceola Cropland 181.20 $ 7,550 72.1
09-01-2022 IA Keokuk Cropland 151.00 $ 15,500 85.8
09-01-2022 IA Worth CRP 182.00 $ 3,950 28
09-01-2022 IA Osceola Cropland 141.76 $ 11,300 77.3
09-01-2022 MN Redwood Cropland/CRP 80.00 $ 5,625 85.9
09-01-2022 MN Redwood Cropland 106.72 $ 10,540 86.9
09-01-2022 MN Redwood CRP 48.00 $ 2,708 --
09-01-2022 MN Jackson Cropland 80.00 $ 13,500 93.3
09-02-2022 IL Iroquois Cropland 151.09 $ 9,400 125.2
Published in: Land Values