Land Auctions Blogs
April 4, 2024
Iowa Land Values Update - 2024 Quarter 1
Peoples Company tracks agricultural auctions across the state of Iowa. From this data, we calculate the average dollar per CSR2 point ($/CSR2) for sales of tracts with greater than 85% tillable land. Additionally, these tracts are largely unimproved or include minimal improvement contribution.
April 2, 2024
Land Auction Results - March 2024
The appraisal team at Peoples Company was able to track 82 tracts or 6,803.16 acres sold at public auction in Iowa during March 2024. The average dollar per acre was $11,316, the average dollar per tillable acre was $13,574, and the average dollar per CSR2 was $174.
March 21, 2024
Peoples Company Receives Top Land Auction Honors at 2023 REALTORS® Land Institute APEX Awards Program
Peoples Company, a national leader in land brokerage, agricultural appraisal, land and energy management, crop insurance, and capital markets, received top land auction honors at the REALTORS® Land Institute’s APEX Award ceremony in Louisville, Kentucky on Tuesday, March 12, 2024. The APEX Awards, held in conjunction with The Land Report, is a top annual awards program designed to recognize excellence and performance of land sale professionals.
March 4, 2024
Land Auction Results - February 2024
The appraisal team at Peoples Company was able to track 85 tracts or 7,064.51 acres sold at public auction in Iowa during February 2024. The average dollar per acre was $13,389, the average dollar per tillable acre was $14,935, and the average dollar per CSR2 was $185.
February 6, 2024
Land Auction Results - January 2024
The appraisal team at Peoples Company was able to track 40 tracts or 3,868.91 acres sold at public auction in Iowa during January 2024. The average dollar per acre was $12,060, the average dollar per tillable acre was $14,071, and the average dollar per CSR2 was $183.
January 5, 2024
Iowa Land Values Update - 2023 Quarter 4
Peoples Company tracks agricultural auctions across the state of Iowa. From this data, we calculate the average dollar per CSR2 point ($/CSR2) for sales of tracts with greater than 85% tillable land. Additionally, these tracts are largely unimproved or include minimal improvement contribution.
January 4, 2024
Land Auction Results - December 2023
The appraisal team at Peoples Company was able to track 94 tracts or 9,929.61 acres sold at public auction in Iowa during December 2023. The average dollar per acre was $12,104, the average dollar per tillable acre was $14,085, and the average dollar per CSR2 was $180.
December 4, 2023
Land Auction Results - November 2023
The appraisal team at Peoples Company was able to track 255 tracts or 23,230 acres sold at public auction in Iowa during November 2023. The average dollar per acre was $12,018, the average dollar per tillable acre was $14,124, and the average dollar per CSR2 was $181.
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November 20, 2023
Weekly Auction Results: 11/12/23-11/18/23
As harvest across the Midwest is wrapping up, the seasonal auction sales are officially in full swing. In Iowa, our appraisal team was able to track over 7,800 acres sold in 89 tracts. The average dollar per acre was $13,043, average dollar per tillable acre was $14,423 with an average dollar per CSR2 point of $178. This is down 2% from the Q3 average. Illinois had a rally, too, with 1,830 acres selling in 24 tracts at an average dollar per acre of $15,281.
November 13, 2023
Weekly Auction Results: 11/5/23-11/11/23
November is historically the busiest time of year for public auctions, and 2023 is no exception. The week of November 5, 61 tracts were auctioned in Iowa, 20 in Illinois, 15 in Minnesota, and 10 in Nebraska.
November 8, 2023
Land Auction Results - October 2023
The appraisal team at Peoples Company was able to track 57 tracts or 5,552 acres sold at public auction in Iowa during October 2023. The average dollar per acre was $12,456, the average dollar per tillable acre was $13,820, and the average dollar per CSR2 was $171.
October 5, 2023
Land Auction Results - September 2023
The appraisal team at Peoples Company was able to track 85 tracts or 7,993 acres sell at public auction in Iowa...
October 2, 2023
Weekly Auction Results: 9/24/23-9/30/23
Iowa had 11 tracts that were offered at public auction the week of September 24, with nine selling during active...
September 11, 2023
What is a Multi-Parcel Auction?
Peoples Company Multi-Parcel Auction Platform
Our innovative approach to real estate auctions includes offering...
July 19, 2023
Auction Transactions: A True Representation of the Market?
The auction method of marketing has been a tried-and-true way of selling all types of assets for hundreds, if not...
June 19, 2023
Property Valuation: Asking Price vs. Sale Price
The valuation of agricultural properties relies heavily on the analysis of comparable transactional data. Prior...
April 4, 2023
Land Auction Results - March 2023
There were 128 tracts of land that sold at auction in Iowa during March 2023. At these auctions, there was a total...
March 29, 2023
Auction Methods
A farmland auction, when executed professionally, can be the ultimate solution and value creator for landowners...
March 27, 2023
Weekly Auction Results: 3/19/23-3/25/23
There were 33 tracts of land offered at public auction in Iowa March 19 through 25, 2023, 32 of which sold during...
March 22, 2023
Peoples Company Receives Top Land Auction Honors at 2022 REALTORS® Land Institute APEX Awards Program
Steve Bruere named Broker of the Year in the Ag Land Crop Sales category; Three Peoples Company team members named...
