Land Auction Results - August 2023

The appraisal team at Peoples Company was able to track 88 tracts or 8,625 acres sell at public auction in Iowa during August 2023. The average dollar per acre was $13,439, the average dollar per tillable acre was $14,843, and the average dollar per CSR2 was $182. This is up 3% from July's average $/CSR2 and down 1% from August 2022.

Iowa Results
Tracts Sold: 88
Acres Sold: 8,625
Average $/Acre: $13,439
Average $/Tillable: $14,834
Average $/CSR2: $182
Change from Last Month: +3%
Change from 2022 Q3: 0%
One Year $/CSR2 Change: -1%
One Year Acreage Change: -12%

Peoples Company Auctions:
Listing #16830 - 200 Acres M/L in Story County, IA
Listing #16831 - 293.90 Acres M/L in Grundy & Benton County, IA
Listing #16872 - 19.70 Acres M/L in Sarpy County, NE
Listing #16922 - 18.63 Acres M/L in Lee County, IA
Listing #16925 - 31.21 Acres M/L in Polk County, IA
Listing #16944 - 6,693 Acres M/L in Wichita County, KS
Listing #16943 - 1,684 Acres M/L in Sumner County, KS
Listing #16967 - 80 Acres M/L in Cerro Gordo County, IA
Listing #17004 - 118.13 Acres M/L in Greene County, IA

Click HERE to view the Iowa Land Values Update for 2023 Quarter 2.

Illinois Results
Tracts Sold: 33
Average $/Acre: $13,105

Kansas Results
Tracts Sold: 9
Average $/Acre: $2,996

Minnesota Results
Tracts Sold: 21
Average $/Acre: $9,505

Missouri Results
Tracts Sold: 8
Average $/Acre: $8,880

Nebraska Results
Tracts Sold: 12
Average $/Acre: $9,985

Below are results for land auctions that occurred in August 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/