Land Auction Results - July 2023
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The appraisal team at Peoples Company was able to track 45 tracts or 4,948 acres sell at public auction in Iowa during July 2023. The average dollar per acre was $12,535, the average dollar per tillable acre was $14,134, and the average dollar per CSR2 was $176. This is down 1% from June's average $/CSR2 and down 2% from July 2022.
Iowa Results
Tracts Sold: 45
Acres Sold: 4,948
Average $/Acre: $12,535
Average $/Tillable: $14,134
Average $/CSR2: $176
Change from Last Month: -1%
Change from 2022 Q3: -2%
One Year Change: -2%
The high $/acre sale of the month went to a Black Hawk County 76.7-acre cropland farm, bringing $19,400/acre. The high $/CSR2 sale of the month went to an Osceola County farm, with 121.82 acres selling for $19,200/acre or $247/CSR2.
Peoples Company Auctions:
Listing #16904 - 898.83 Acres M/L in Marshall County, IA
Listing #16921 - 257.09 Acres M/L in Buchanan County, IA
Click HERE to view the Iowa Land Values Update for 2023 Quarter 2.
Below is a chart of the monthly auction volume in Iowa since January 2022.
Illinois Results
Tracts Sold: 16
Average $/Acre: $14,044
Minnesota Results
Tracts Sold: 9
Average $/Acre: $9,556
Missouri Results
Tracts Sold: 11
Average $/Acre: $9,597
Below is a map of the auction locations for July 2023.
Below are results for land auctions that occurred in July 2023. These are all agricultural real estate auctions containing greater than 35 acres. Dollar per CSR2 was calculated only for those tracts containing greater than 85% tillable with minimal improvement contribution. Data is presented on a monthly and quarterly basis, and can be found on our website: https://peoplescompany.com/
| Sale Date | State | County | Land Type | Gross Acres | $ Per Acre | CSR2 |
|---|---|---|---|---|---|---|
| 07-01-2023 | NE | Boone | Cropland | 51.00 | $ 7,500 | 64.5 |
| 07-05-2023 | IA | Cedar | Cropland | 71.03 | $ 13,075 | 86.8 |
| 07-05-2023 | IA | Cedar | Cropland | 43.29 | $ 14,000 | 81.5 |
| 07-05-2023 | IA | Cedar | Cropland | 85.68 | $ 13,060 | 77.1 |
| 07-05-2023 | IA | Hamilton | Cropland | 80.59 | $ 13,325 | 84.8 |
| 07-06-2023 | IA | OBrien | Cropland | 40.08 | $ 15,200 | 94.7 |
| 07-06-2023 | IA | OBrien | Cropland | 40.64 | $ 14,900 | 84.4 |
| 07-06-2023 | IA | Black Hawk | Cropland | 152.15 | $ 8,400 | 66.4 |
| 07-06-2023 | IA | OBrien | Cropland | 121.82 | $ 19,200 | 79 |
| 07-07-2023 | IA | Butler | Cropland | 68.00 | $ 14,100 | 84.5 |
| 07-07-2023 | IA | Butler | Cropland | 102.52 | $ 16,000 | 86.9 |
| 07-07-2023 | IA | Hancock | Cropland | 69.00 | $ 13,400 | 83.5 |
| 07-07-2023 | IA | Hancock | Cropland | 105.00 | $ 13,200 | 88.5 |
| 07-07-2023 | IA | Hancock | Cropland/CRP | 114.00 | 82.7 | |
| 07-07-2023 | IA | Hancock | Cropland | 109.00 | 84.5 | |
| 07-10-2023 | IA | Kossuth | Cropland | 169.00 | $ 4,125 | 41.6 |
| 07-10-2023 | IA | Kossuth | Cropland/Rec | 96.00 | $ 4,000 | 43.9 |
| 07-11-2023 | IA | Jones | Acreage | 4.50 | -- | |
| 07-12-2023 | IA | Scott | Cropland | 14.44 | $ 11,327 | 59.8 |
| 07-12-2023 | IA | Scott | Cropland | 160.38 | $ 12,167 | 52 |
| 07-12-2023 | IL | Iroquois | Cropland | 88.81 | $ 13,400 | 128 |
| 07-12-2023 | IL | Iroquois | Cropland | 74.74 | $ 13,300 | 125.6 |
| 07-12-2023 | IL | Iroquois | Cropland | 80.88 | $ 13,100 | 125.4 |
| 07-12-2023 | IL | Iroquois | Cropland | 109.80 | $ 17,200 | 128 |
| 07-13-2023 | IA | Winneshiek | Cropland | 78.00 | $ 11,514 | 61.7 |
| 07-13-2023 | IA | Benton | Cropland | 76.70 | $ 19,400 | 92.4 |
| 07-13-2023 | IA | Keokuk | CRP | 160.00 | $ 9,500 | 78.1 |
| 07-15-2023 | IA | Crawford | Cropland | 143.16 | $ 13,500 | 87.3 |
| 07-19-2023 | IA | Tama | Cropland | 84.90 | $ 8,663 | 86.3 |
| 07-19-2023 | IL | Livingston | Cropland | 220.82 | $ 10,950 | 118.7 |
| 07-20-2023 | IA | Crawford | Organic Cropland/CRP | 188.00 | $ 10,500 | 82.8 |
| 07-20-2023 | IA | Keokuk | Cropland | 60.00 | $ 14,700 | 85.5 |
| 07-20-2023 | IA | Crawford | Organic Cropland | 134.09 | $ 12,650 | 88 |
| 07-20-2023 | IA | Crawford | Organic Cropland/Dwelling/Bin Site | 137.92 | $ 12,300 | 85.9 |
| 07-20-2023 | IA | Crawford | Organic Cropland/CRP | 103.00 | $ 11,000 | 85.6 |
| 07-20-2023 | IA | Sioux | Cropland | 80.00 | $ 17,100 | 88.5 |
| 07-20-2023 | IA | Jasper | Cropland | 78.83 | $ 9,000 | 76.5 |
| 07-20-2023 | IA | Jasper | Cropland/Development Potential | 50.57 | $ 10,900 | 59.5 |
| 07-20-2023 | IA | Bremer | Cropland | 140.45 | $ 11,750 | 83.1 |
| 07-20-2023 | IA | Bremer | Cropland | 116.64 | $ 11,750 | 77.7 |
| 07-20-2023 | IL | Sangamon | Cropland | 160.00 | $ 20,800 | 142.2 |
| 07-20-2023 | IL | Livingston | Cropland | 113.00 | $ 12,200 | 115 |
| 07-20-2023 | IL | Livingston | Cropland | 120.00 | $ 12,200 | 114.2 |
| 07-20-2023 | MN | Wabasha | Cropland/Rec | 40.00 | $ 10,900 | 76.5 |
| 07-20-2023 | MN | Wabasha | Cropland | 98.00 | $ 11,200 | 83.8 |
| 07-20-2023 | MN | Wabasha | Cropland/Rec | 56.00 | $ 10,900 | 74.2 |
| 07-21-2023 | IA | Mitchell | Cropland | 73.30 | $ 10,500 | 56.1 |
| 07-21-2023 | MO | Nodaway | Cropland | 78.00 | $ 7,025 | 79.4 |
| 07-21-2023 | MO | Nodaway | Cropland | 35.00 | $ 7,250 | 82.1 |
| 07-24-2023 | MN | Chippewa | Cropland | 75.44 | $ 12,200 | 68.3 |
| 07-24-2023 | IA | Hardin | Cropland | 149.62 | $ 8,100 | 66.3 |
| 07-25-2023 | IA | Plymouth | Cropland | 197.82 | $ 11,525 | 84.1 |
| 07-25-2023 | IA | Plymouth | Cropland | 95.93 | $ 11,552 | 75.1 |
| 07-26-2023 | MN | Kandiyohi | Cropland | 157.81 | 79.8 | |
| 07-26-2023 | IA | Sioux | Cropland | 96.47 | $ 13,000 | 82.6 |
| 07-27-2023 | IL | Henry | Cropland | 82.37 | $ 16,100 | 140.4 |
| 07-27-2023 | IL | Henry | Cropland | 75.96 | $ 15,900 | 135.6 |
| 07-27-2023 | IA | Wright | Pasture | 58.00 | 65.4 | |
| 07-27-2023 | IA | Marion | Cropland | 76.98 | $ 13,705 | 85.8 |
| 07-27-2023 | IA | Marion | Cropland | 320.00 | $ 15,078 | 91.6 |
| 07-27-2023 | IA | Marion | Cropland | 40.00 | $ 15,000 | 81.3 |
| 07-27-2023 | IA | Marion | Cropland | 318.80 | $ 14,602 | 91.3 |
| 07-27-2023 | IA | Marion | Cropland | 80.00 | $ 10,000 | 78.4 |
| 07-27-2023 | IL | Henry | Cropland | 115.00 | $ 15,200 | 141.2 |
| 07-27-2023 | IL | Henry | Cropland | 80.00 | $ 15,100 | 139.6 |
| 07-27-2023 | IL | Henry | Cropland | 75.34 | $ 14,200 | 131.9 |
| 07-27-2023 | MN | Brown | Cropland | 153.16 | $ 11,750 | 91.4 |
| 07-27-2023 | MN | Brown | Cropland | 68.24 | $ 10,800 | 84.8 |
| 07-27-2023 | IA | Wright | Cropland | 96.00 | 60.4 | |
| 07-27-2023 | IA | Marion | Cropland | 64.85 | $ 17,425 | 93.5 |
| 07-28-2023 | IL | Schuyler | Cropland | 38.22 | $ 9,650 | 117.9 |
| 07-28-2023 | MN | Kandiyohi | Cropland/Rec | 93.72 | 38.8 | |
| 07-28-2023 | IL | Schuyler | Cropland | 37.58 | $ 9,700 | 117.2 |
| 07-31-2023 | IA | Clinton | Cropland | 156.00 | $ 13,000 | 68.1 |
| 07-31-2023 | MN | Grant | WRP/Build Site | 132.40 | $ 1,924 | -- |
| 07-31-2023 | IA | Clinton | Cropland | 67.50 | $ 13,600 | 73.9 |
| 07-31-2023 | IA | Clinton | Cropland | 158.50 | $ 13,300 | 71.7 |
| 07-31-2023 | IL | Macon | Cropland/Development Potential | 69.00 | $ 15,700 | 140.9 |
| 07-31-2023 | MN | Grant | Cropland | 160.03 | $ 9,048 | 91.8 |
| 07-31-2023 | MN | Grant | Cropland/CRP | 86.99 | $ 7,280 | 86.8 |
| 07-31-2023 | MO | Ralls | Rec/Dwelling | 113.00 | $ 12,400 | -- |
| 08-01-2023 | MN | Sibley | Cropland/CRP | 112.15 | $ 5,782 | 85 |
| 08-01-2023 | MN | Nicollet | Cropland | 40.00 | $ 16,320 | 93 |
| 08-01-2023 | IA | Pocahontas | Cropland | 80.00 | $ 14,000 | 76.6 |
| 08-01-2023 | MN | Nicollet | Cropland | 40.00 | $ 17,952 | 92.8 |
| 08-01-2023 | IA | Humboldt | Cropland | 152.00 | $ 16,800 | 88.6 |
| 08-01-2023 | IA | Sioux | Cropland | 200.00 | $ 17,700 | -- |
| 08-01-2023 | IA | Sioux | Cropland | 120.00 | $ 17,700 | 88.1 |
| 08-01-2023 | MN | Nicollet | Cropland | 42.00 | $ 14,790 | 91.1 |
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