Published on May 9, 2022 by Ashley Poduska
We tracked 10 auctions in Iowa last week. The average dollar per acre was $12,708, average dollar per tillable of $14,864 and an average dollar per CSR2 of $186. This is down 10% from the previous week, while remaining up 7% from Q1 2022's $/CSR2 average of $174.
The high sale of the week went to a Sioux County 60 acre cropland farm bringing $22,400 per acre or $263/CSR2.
We also tracked six auctions in Minnesota which brought an average dollar per acre of $8,923 and average dollar per tillable acre of $13,108.
| Sale Date | State | County | Land Type | Gross Acres | $ Per Acre | CSR2 |
|---|---|---|---|---|---|---|
| 05/06/2022 | IA | Union | Cropland | 150.00 | $ 8,750 | 73.0 |
| 05/06/2022 | IA | Adair | Cropland | 160.00 | $ 8,500 | 65.0 |
| 05/05/2022 | MN | Nobles | Tillable | 81.59 | $ 13,500 | -- |
| 05/05/2022 | IA | Winnebago | Cropland | 73.70 | $ 13,600 | 78.0 |
| 05/04/2022 | IA | Union | Cropland | 48.75 | $ 7,650 | 65.2 |
| 05/04/2022 | IA | Wapello | Cropland | 65.66 | $ 10,500 | 70.9 |
| 05/04/2022 | IA | Clayton | Cropland | 69.16 | $ 9,037 | 23.4 |
| 05/03/2022 | IA | Story | Cropland | 115.03 | $ 19,200 | 86.5 |
| 05/03/2022 | MN | Renville | Rec | 40.54 | $ 3,435 | -- |
| 05/03/2022 | MN | Nobles | Cropland | 43.70 | $ 13,800 | -- |
| 05/03/2022 | MN | Nobles | Cropland | 81.10 | $ 11,500 | -- |
| 05/03/2022 | MN | Polk | CRP | 56.00 | $ 1,402 | -- |
| 05/02/2022 | IA | Sioux | Tillable | 59.00 | $ 20,900 | 87.4 |
| 05/02/2022 | MN | Mower | Cropland | 55.00 | $ 9,900 | -- |
| 05/02/2022 | IA | Sioux | Tillable | 60.00 | $ 22,400 | 91.5 |