Weekly Auction Results 6/11/23-6/17/23
Published on Jun 19, 2023 by Ashley Poduska
It was another active week in auctions, with Iowa selling 19 tracts that met our 35+ acre threshold, and additional auctions in Illinois, Minnesota, and Missouri.
The high sale of the week went to a Clay County 80-acre cropland farm, selling for $21,200 per acre or $246 per CSR2. Tract 2 of that auction also sold high: $20,250 per acre. However, as Tract 2 was only 28 acres, it was excluded from our $/CSR2 average.
An honorable mention goes to the two-tract Shelby County auction: Tract 1 sold for $15,500/acre or $235/CSR2, and Tract 2 sold for $15,000/acre or $236/CSR2.
Iowa Results
Tracts Sold: 20
Acres Sold: 1,707.5
Average $/Acre: $13,552
Average $/Tillable: $13,939
Average $/CSR2: $180
Change from Q1 2023: +2%
Illinois Results
Tracts Sold: 4
Acres Sold: 487
Minnesota Results
Tracts Sold: 1
Acres Sold: 80
Missouri Results
Tracts Sold: 4
Acres Sold: 472
| Sale Date | State | County | Land Type | Gross Acres | $ Per Acre | CSR2 |
|---|---|---|---|---|---|---|
| 06/16/2023 | IA | Buena Vista | Cropland | 27.97 | $ 15,200 | 87.3 |
| 06/16/2023 | IA | Buena Vista | Cropland/CRP | 80.00 | $ 7,550 | 63.9 |
| 06/16/2023 | IA | Buena Vista | Cropland | 68.10 | $ 12,000 | 85.2 |
| 06/15/2023 | MO | Audrain | Cropland | 148.35 | $ 11,074 | 68.6 |
| 06/15/2023 | IA | Clay | Cropland | 80.00 | $ 21,200 | 91.4 |
| 06/15/2023 | IA | Clay | Cropland | 28.00 | $ 20,250 | 96.7 |
| 06/15/2023 | IA | Hancock | Cropland | 96.00 | $ 12,750 | 87.6 |
| 06/15/2023 | IA | Buchanan | Cropland | 37.11 | $ 14,550 | 85.0 |
| 06/15/2023 | IA | Buchanan | Cropland | 25.44 | $ 13,525 | 79.8 |
| 06/15/2023 | IA | Jefferson | Cropland | 140.35 | $ 8,900 | 67.7 |
| 06/15/2023 | IA | Jefferson | Cropland | 42.61 | $ 9,100 | 60.1 |
| 06/15/2023 | IA | Jefferson | Cropland | 94.41 | $ 6,750 | 58.7 |
| 06/15/2023 | IA | Jefferson | Cropland/Timber | 160.51 | $ 5,850 | 66.6 |
| 06/15/2023 | IL | McDonough | Cropland | 84.51 | $ 20,150 | 143.0 |
| 06/15/2023 | IL | McDonough | Cropland | 129.40 | $ 19,400 | 143.5 |
| 06/15/2023 | IL | McDonough | Cropland | 127.00 | $ 20,150 | 144.4 |
| 06/14/2023 | MO | Holt | Cropland | 78.80 | $ 14,000 | 84.1 |
| 06/14/2023 | MO | Holt | Cropland/Rec | 87.50 | $ 7,125 | 78.1 |
| 06/14/2023 | IA | Shelby | Cropland | 90.58 | $ 15,000 | 64.6 |
| 06/14/2023 | IA | Benton | Cropland | 100.00 | $ 9,100 | 64.1 |
| 06/14/2023 | IA | Benton | Cropland | 160.00 | $ 9,000 | 76.4 |
| 06/14/2023 | IA | Chickasaw | Cropland | 90.00 | $ 8,400 | 75.8 |
| 06/14/2023 | IA | Marshall | Cropland | 94.08 | $ 12,100 | 72.5 |
| 06/14/2023 | IA | Shelby | Cropland | 134.88 | $ 15,500 | 65.9 |
| 06/14/2023 | IL | Champaign | Cropland | 146.48 | $ 15,400 | 136.5 |
| 06/13/2023 | MN | Nicollet | Cropland | 80.00 | $ 15,606 | 95.5 |
| 06/13/2023 | IA | Grundy | Acreage | 7.35 | $ 36,000 | -- |
| 06/13/2023 | IA | Grundy | Cropland | 150.14 | $ 18,323 | 92.9 |
| 06/13/2023 | MO | Holt | Cropland | 157.00 | $ 4,000 | 73.7 |