Land Auction Results - September 2022

Published on Oct 4, 2022 by Ashley Poduska

Iowa saw 100 tracts sell in September – that’s up a few from August’s 94 tracts, but down significantly from September 2021 when we saw 166 tracts hit the market.  The average dollar per acre was $12,383, with an average dollar per tillable acre of $14,107 bringing the average dollar per CSR2 to $179.  That $/CSR2 is down 3% from August’s average, and down 5% from the Q2 average.  However, we remain up 14% from September 2021’s average.

Iowa Results:
Tracts Sold: 100
Acres Sold: 11,233
Average $/Acre: $12,383
Average $/Tillable: $14,107
Average $/CSR2: $179

The high dollar per acre for September went to a Grundy County 200.44-acre cropland farm with a 92.3 CSR2, bringing $20,900/acre, or $234/CSR2.  The high $/CSR2 sale went to a Greene County 80-acre cropland farm sold by Peoples Company with a CSR2 of 84.3.  It sold for $20,600/acre or $256/CSR2. 

The high sales are down a bit from some of the $25,000/acre farms that sold over the summer, but September overall remained strong as we finished up Q3 2022.

Peoples Company Auctions:
Listing #16318 - 188 Acres M/L in Howard County, IA
Listing #16313 - 80 Acres M/L in Calhoun County, IA
Listing #16295 - 99.17 Acres M/L in Marion County, IA
Listing #16346 - 189.34 Acres M/L in Dubuque County, IA
Listing #16321 - 775.30 Acres M/L in Lucas County, IA
Listing #16349 - 89.22 Acres M/L in Winnebago County, IL
Listing #16369 - 214.95 Acres M/L in Warren County, IA
Listing #16316 - 80 Acres M/L in Greene County, IA
Listing #16327 - 188.25 Acres M/L in Warren County, IA

Click here to view the Iowa Land Values Update for 2022 Quarter 3.

Below are results for land auctions that occurred in September 2022. 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
09/30/2022 MN Faribault Cropland 138.60 $ 10,823 91.2
09/30/2022 IA Warren Mixed Use 41.07 $ 16,200 64.8
09/30/2022 IA Warren Cropland 103.56 $ 11,700 73.0
09/30/2022 MN Faribault Rec 90.00 $ 1,856 --
09/30/2022 MN Faribault Cropland 75.18 $ 10,442 94.3
09/30/2022 IA Warren Mixed Use 40.95 $ 16,200 52.9
09/30/2022 IA Linn Cropland 98.10 $ 20,200 92.3
09/30/2022 IA Grundy Cropland 76.09 $ 16,100 77.2
09/30/2022 IA Carroll Cropland 96.65 $ 17,300 82.5
09/30/2022 IA Linn Cropland 103.86 $ 15,500 84.1
09/30/2022 IA Linn Cropland 76.83 $ 17,700 89.9
09/29/2022 IA Greene Cropland 80.00 $ 20,600 84.3
09/29/2022 IA Poweshiek Cropland 115.20 $ 9,100 59.5
09/29/2022 IA Poweshiek Cropland 74.82 $ 9,000 66.0
09/29/2022 IA Clayton Cropland 73.08 $ 11,100 55.3
09/29/2022 IA Montgomery Cropland 156.00 $ 13,750 87.3
09/29/2022 IA Wright Cropland 160.00 $ 16,000 84.6
09/29/2022 IA Jasper Cropland 72.50 $ 18,500 91.0
09/28/2022 IA Fayette Cropland 190.46 $ 14,200 73.5
09/28/2022 MO Boone Rural Estate 10.00 $ 38,500 67.0
09/28/2022 MO Boone Cropland 47.00 $ 11,500 66.7
09/28/2022 IA Fayette Cropland 66.17 $ 14,100 72.7
09/28/2022 IA Dallas Cropland 36.07 $ 16,500 82.1
09/28/2022 IA Dallas Cropland 75.75 $ 16,700 87.5
09/28/2022 IA Fayette Cropland 58.10 $ 14,500 77.7
09/27/2022 IA Warren Cropland 32.96 $ 13,000 83.0
09/27/2022 IA Warren Cropland 71.27 $ 13,500 --
09/23/2022 IA Dickinson Cropland 119.40 $ 15,000 89.6
09/23/2022 IA Lyon Cropland 151.37 $ 15,500 67.5
09/23/2022 IA Hamilton Cropland 217.91 $ 12,800 79.0
09/23/2022 IA Hamilton Cropland 86.15 $ 10,200 68.0
09/23/2022 IA Plymouth Cropland 250.00 $ 18,200 82.3
09/23/2022 IA Hamilton Cropland 90.00 $ 11,700 81.0
09/23/2022 IA Mitchell Cropland 153.00 $ 13,600 82.5
09/22/2022 IA Franklin Cropland 69.88 $ 14,400 81.7
09/22/2022 NE Seward CRP 120.00 $ 7,850 --
09/22/2022 MN Freeborn Cropland 154.00 $ 7,750 65.1
09/22/2022 MN Blue Earth Cropland 129.48 $ 9,098 86.6
09/22/2022 MN Mower Cropland 40.00 $ 7,700 70.9
09/22/2022 MN Mower Cropland 76.00 $ 9,900 89.2
09/22/2022 MN Mower Cropland 153.00 $ 7,300 85.1
09/22/2022 MN Mower Cropland 160.00 $ 4,100 80.8
09/22/2022 MN Mower Cropland 80.00 $ 7,300 86.8
09/22/2022 MN Mower Cropland 111.83 $ 8,500 86.5
09/22/2022 MN Mower Cropland 128.50 $ 11,800 85.5
09/22/2022 IA Cass Cropland 154.28 $ 15,200 71.7
09/22/2022 IA Hamilton Cropland 90.00 $ 11,700 70.0
09/22/2022 IA Franklin Cropland 79.44 $ 14,650 88.2
09/21/2022 IA Mahaska Cropland 90.52 $ 10,254 70.0
09/21/2022 IA Mahaska Cropland 85.25 $ 13,311 76.0
09/21/2022 IA Monona Cropland 158.00 $ 10,025 57.0
09/21/2022 IA OBrien Cropland 135.37 $ 9,600 80.2
09/21/2022 IA Emmet Cropland 80.00 $ 16,000 83.3
09/21/2022 IA Emmet Cropland 142.15 $ 16,000 79.3
09/21/2022 IA Grundy Cropland 200.44 $ 20,900 92.3
09/21/2022 MN Kandiyohi Cropland 114.95 $ 6,325 83.0
09/21/2022 IL Winnebago Cropland 89.22 $ 9,000 110.7
09/21/2022 IA Tama Cropland 79.00 $ 14,400 85.5
09/20/2022 IA Cerro Gordo Cropland 80.00 $ 16,050 85.1
09/20/2022 IA Cerro Gordo Cropland 140.00 $ 13,250 83.8
09/20/2022 IA Cerro Gordo Cropland 80.00 $ 15,100 87.8
09/20/2022 IA Kossuth Cropland 118.00 $ 13,100 80.7
09/20/2022 IA Kossuth Cropland 80.00 $ 13,100 78.0
09/20/2022 IA Kossuth Cropland 80.00 $ 13,100 83.0
09/20/2022 IA Sac Cropland 57.00 $ 10,750 74.7
09/20/2022 IA Sac Cropland 160.00 $ 7,600 45.1
09/20/2022 IA Clayton Cropland 81.10 $ 7,200 49.7
09/20/2022 IA Clayton Rec 51.80 $ 5,900 59.9
09/20/2022 IA Clayton Cropland 80.25 $ 5,900 38.0
09/20/2022 IA Clayton Rec 52.75 $ 5,900 49.3
09/20/2022 IA Pottawattamie Cropland 75.88 $ 10,550 60.2
09/20/2022 NE Lancaster Cropland 80.49 $ 9,550 --
09/20/2022 NE Lancaster Cropland 79.05 $ 7,750 --
09/20/2022 NE Nemaha Cropland 160.00 $ 5,500 --
09/20/2022 NE Nemaha Cropland 40.00 $ 7,550 --
09/20/2022 IA Dubuque Rec 84.08 $ 13,000 --
09/20/2022 IA Lucas Cropland 142.43 $ 8,800 62.0
09/20/2022 IA Lucas Rec 126.81 $ 5,200 47.1
09/20/2022 IA Lucas Cropland 391.50 $ 8,425 57.7
09/20/2022 IA Dubuque Tillable 105.26 $ 15,000 41.7
09/20/2022 IA Lucas Cropland 114.56 $ 6,400 53.7
09/17/2022 IA Shelby Cropland 144.04 $ 16,100 73.9
09/16/2022 MN Renville Cropland 120.00 $ 11,750 93.3
09/16/2022 MN Renville Cropland 40.00 $ 10,500 91.7
09/16/2022 IA Floyd Cropland 80.00 $ 5,850 77.6
09/16/2022 IA Palo Alto Cropland 80.00 $ 12,400 85.4
09/16/2022 IA Marion Cropland 99.17 $ 12,100 83.8
09/16/2022 IA Crawford Cropland 77.86 $ 12,100 70.9
09/16/2022 IA Crawford Cropland 319.69 $ 12,500 71.9
09/16/2022 MN Renville Cropland 40.00 $ 10,000 90.3
09/16/2022 IA Palo Alto Cropland 80.00 $ 12,400 85.4
09/15/2022 IA Calhoun Cropland 76.20 $ 18,700 87.3
09/15/2022 MN Le Sueur Cropland 98.06 $ 4,303 78.0
09/15/2022 IA Fremont Cropland 39.00 $ 11,300 73.9
09/15/2022 IA Fremont Cropland 171.26 $ 9,240 76.2
09/15/2022 IA Fremont Cropland 209.41 $ 12,134 75.5
09/15/2022 MN Carver Cropland 148.10 $ 6,111 87.9
09/14/2022 MN Marshall Cropland 160.00 $ 5,300 52.0
09/14/2022 IA Calhoun Cropland 80.00 $ 14,100 84.9
09/14/2022 MN Blue Earth Cropland 80.00 $ 11,000 76.7
09/14/2022 MN Cottonwood Cropland 160.04 $ 14,500 95.1
09/14/2022 MN Cottonwood Cropland 150.12 $ 13,200 95.1
09/13/2022 MN Swift Cropland 80.20 $ 8,050 83.4
09/13/2022 IA Adams Cropland 160.00 $ 8,600 66.5
09/13/2022 MN Swift Cropland 78.10 $ 6,500 85.1
09/10/2022 IA Adams Cropland 88.00 $ 5,000 58.1
09/10/2022 IA Crawford Cropland 38.00 $ 9,400 71.5
09/10/2022 IA Crawford Cropland 112.55 $ 8,600 78.6
09/10/2022 IA Crawford Cropland 36.83 $ 15,100 78.9
09/10/2022 IA Wright Cropland 128.45 $ 13,500 79.0
09/10/2022 IA Adams Pasture 87.00 $ 7,500 63.1
09/10/2022 IA Adams Pasture/Rec 233.00 $ 6,800 54.6
09/09/2022 IA Osceola Cropland 85.46 $ 20,600 97.2
09/09/2022 MN Freeborn Cropland 93.86 $ 5,100 93.9
09/09/2022 IA Keokuk Cropland 117.00 $ 8,400 59.1
09/09/2022 MN Jackson Cropland 164.72 164.7
09/09/2022 IA Dickinson Ag land 88.00 $ 18,000 52.0
09/09/2022 IA Henry Cropland 81.21 $ 8,000 65.0
09/09/2022 IA Henry Cropland 201.32 $ 13,000 76.5
09/09/2022 IA Keokuk Cropland 40.00 $ 8,150 51.4
09/08/2022 IA Franklin Cropland 80.00 $ 17,300 83.8
09/08/2022 MO Clark Ag land 64.20 $ 5,500 72.6
09/08/2022 MO Clark Ag land 95.50 $ 4,300 71.0
09/08/2022 MO Clark Ag land 37.90 $ 8,000 --
09/08/2022 MO Clark Ag land 22.50 $ 6,000 67.7
09/08/2022 MN Renville Cropland 78.85 $ 14,000 78.9
09/08/2022 MN Faribault Cropland 34.28 $ 8,600 34.3
09/08/2022 IA Howard Cropland 104.00 $ 11,700 83.3
09/08/2022 IA Howard Cropland/CRP 84.00 $ 7,700 64.9
09/08/2022 IA Clay Ag land 114.00 $ 6,950 65.1
09/08/2022 IA Tama Cropland 160.54 81.0
09/08/2022 IA Greene Cropland 160.00 $ 16,000 87.3
09/08/2022 IA Clay Ag land 39.76 $ 6,850 52.0
09/08/2022 IA Greene Cropland 160.00 $ 16,000 87.5
09/07/2022 NE Harlan Cropland 181.00 $ 4,300 71.0
09/07/2022 IA OBrien Cropland 52.93 $ 16,100 93.2
09/07/2022 IA Adair Cropland 154.89 $ 6,200 54.7
09/07/2022 NE Harlan Cropland 445.00 $ 2,100 64.6
09/07/2022 NE Harlan Pasture/Rec 106.00 $ 4,300 67.7
09/07/2022 NE Harlan Pasture 153.55 $ 2,092 66.4
09/07/2022 NE Harlan Cropland 223.00 $ 5,175 72.5
09/07/2022 NE Harlan Cropland 155.51 $ 3,439 68.0
09/07/2022 NE Harlan Cropland 114.00 $ 4,050 67.8
09/06/2022 IA Linn Cropland 127.39 $ 14,000 79.8
09/06/2022 MN Marshall Cropland 140.00 $ 2,300 140.0
09/02/2022 IL Iroquois Cropland 151.09 $ 9,400 125.2
09/01/2022 IA Page Cropland 77.16 $ 8,500 74.7
09/01/2022 IA Page Cropland 181.20 $ 7,550 72.1
09/01/2022 IA Kossuth Cropland 151.00 $ 15,500 85.8
09/01/2022 IA Worth CRP 182.00 $ 3,950 28.0
09/01/2022 IA Page Cropland 98.37 $ 10,200 76.0
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
09/01/2022 MN Jackson Cropland 73.00 $ 14,700 92.2
09/01/2022 IA Page Cropland 141.76 $ 11,300 77.3
09/01/2022 IA Page Corpland 77.27 $ 8,700 71.5
09/01/2022 IA Page Cropland 155.29 $ 9,750 90.0

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