Land Auction Results - October 2022

There were 101 tracts of land that sold at auction in October 2022. During these auctions, there was a total of 8,601 acres available for purchase. This volume is down 23% from September 2022, but up 5% from October 2021.

Iowa Results:
Tracts Sold: 101
Acres Sold: 8,601
Average $/Acre: $11,282
Average $/Tillable: $13,763
Average $/CSR2: $174
Change from Last Month: -2%
Change from 2022 Q3: -4%
One Year Change: +5%

The average dollar per CSR2 was $174 which is down 4% from the Quarter 3 average, and down 10% from the peak of $193/CSR2 in May 2022.

The high sale of the month went to a Plymouth County 55.6 acre cropland farm with a CSR2 of 91.7. It sold for $26,250/acre or $296/CSR2.

Peoples Company Auctions:
Listing #16367 - 552.45 Acres M/L in Wayne County, IA
Listing #16418 - 622.84 Acres M/L in Whitman County, WA
Listing #16373 - 200.83 Acres M/L in Carroll County, IA
Listing #16404 - 154.56 Acres M/L in Lucas County, IA
Listing #16392 - 78.50 Acres M/L in Polk County, IA
Listing #16352 - 155.78 Acres M/L in Adair County, IA
Listing #16435 - 637.63 Acres M/L in Appanoose County, IA
Listing #16396 - 431.43 Acres M/L in Clinton County, IA

Click here to view the Iowa Land Values Update for 2022 Quarter 3.

Below is a map of the auction data in Iowa for October 2022.

Below are results for land auctions that occurred in October 2022. 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/