Published on Feb 21, 2022 by Ashley Poduska
12 tracts sold at public auction last week, with a total of 1,270 acres bringing an average dollar per acre of $12,500. Eight of these tracts met our criteria for calculating dollar per tillable acre and dollar per CSR2. The average dollar per tillable was $14,466 bringing the average dollar per CSR2 to $178. This dollar per CSR2 is up 4% from last week, and up 5% from Q4 2021.
The top dollar per acre sale of the week went to a Lyon County farm that sold for $18,500 per acre. However, the highest dollar per CSR2 sale went to another tract at that same auction, bringing only $11,100 per acre but $226 per CSR2. This particular tract had a CSR2 of 51.8, while the other two tillable tracts that sold at that auction were in the high 90s for CSR2.
Sale Date | State | County | Land Type | Gross Acres | $ Per Acre | CSR2 |
---|---|---|---|---|---|---|
02/18/2022 | IA | Lyon | Tillable/Pasture | 59.79 | $ 7,100 | 73.0 |
02/18/2022 | IA | Lyon | Cropland | 79.80 | $ 18,500 | 97.2 |
02/18/2022 | IA | Lyon | Cropland | 79.79 | $ 17,600 | 96.1 |
02/18/2022 | IA | Lyon | Cropland | 94.08 | $ 11,100 | 51.8 |
02/17/2022 | IA | Marion | Cropland | 249.00 | 63.1 | |
02/17/2022 | IA | Page | Cropland | 152.58 | $ 8,950 | 68.8 |
02/17/2022 | IA | Kossuth | Cropland | 150.50 | $ 13,200 | 79.4 |
02/17/2022 | IA | Kossuth | Cropland | 83.00 | $ 13,200 | 77.1 |
02/17/2022 | IA | Marion | Cropland | 79.00 | 52.4 | |
02/17/2022 | IA | Marion | Rec / Timber | 120.00 | 52.4 | |
02/17/2022 | IA | Hamilton | Cropland | 79.00 | $ 11,900 | 77.7 |
02/17/2022 | IA | Hamilton | Cropland | 153.00 | $ 10,900 | 82.7 |
02/15/2022 | IA | Guthrie | Cropland | 34.40 | $ 10,050 | 72.5 |
02/15/2022 | IA | Guthrie | Cropland | 151.64 | $ 11,300 | 69.9 |
02/15/2022 | IA | Muscatine | Cropland | 153.05 | $ 16,200 | 91.9 |
02/14/2022 | IA | Clarke | Cropland | 159.30 | 43.2 | |
02/14/2022 | IA | Clarke | Cropland | 76.30 | 39.4 |