Land Auction Results - January 2023

There were 64 tracts of land that sold at auction in January 2023. During these auctions, there was a total 6,326 acres available for purchase and of those acres, 90% were tillable acres.

Iowa Results
Tracts Sold: 64
Acres Sold: 6,326
Average $/Acre: $11,894
Average $/Tillable: $13,601
Average $/CSR2: $178
Change from Last Month: -4%
Change from 2022 Q4: -2%
One Year Change: +9%

The high $/acre sale of the month went to a Clay County 80-acre cropland farm, bringing $21,700/acre or $226/CSR2. The high $/CSR2 sale of the month went to a Lyon County farm: 80.71-acres for $20,000/acre or $307/CSR2.

Comparing volume from January 2022 to January 2023, Iowa saw a change of -16% in acres sold.

Peoples Company Auctions:
Listing #16538 - 146.78 Acres M/L in Jasper County, IA
Listing #16556 - 73.43 Acres M/L in Tama County, IA

Click HERE to view the Iowa Land Values Update for 2022 Quarter 4.

Below is a map of the auction data in Iowa for January 2023.

Below are results for land auctions that occurred in January 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/