Another Record Land Sale in Iowa

Iowa set another record for farmland sales. Seventy-three acres of high-quality farmland in Sioux County, Iowa, sold for $30,000 per acre at auction on November 11.

That’s a total sale worth $2.195 million. That’s just part of a new $30,000-per-acre club in Iowa. A local farmer was the buyer, and the runner-up was also a farmer.

A statement from Iowa Appraisal says the company can’t explain these recent price records. The price itself got negotiated in just minutes. “There’s no really good explanation for sudden jumps in these record prices,” the company says.

The farm had 72.49 tillable acres with a balance in roads and ditches. Its corn acreage base is 28.19 acres with a yield of 172 bushels an acre, and a soybean base of 38.19 acres with a yield of 56 bushels an acre.

A recent auction saw 116 acres of southeast Nebraska farmland sell for $27,400 per acre.

Related articles

Friday, December 2nd, 2022 Video and Audio Program

A busy week of trade and a volatile Friday session calls for a jam packed program to wrap up the week! First up, we are joined by DuWayne Bosse of Bolt Marketing to discuss the...

EPA Proposes RFS Volumes for 2023-2025 With Modest Boost for Conventional Ethanol; Not Everyone is Happy

The EPA is finally out with proposed Renewable Fuel Standard volumes for 2023 through 2025, and the ethanol industry is mostly pleased. “A clear pathway for sustainable growth” and an “upward trajectory” for clean...

NCBA Applauds Protect Farmers from the SEC ACT in Senate

The National Cattlemen’s Beef Association supports the Senate version of the Protect Farmers from the SEC Act, a companion bill to legislation introduced into the House of Representatives by Oklahoma Republican Frank Lucas. “The Securities...

USDA Expands Revenue Protection for Oat and Rye Producers

The country’s oat and rye producers can now benefit from revenue protection, a new crop insurance option available through the USDA. After listening to growers, the Risk Management Agency expanded the Small Grains Crop...

2022 Has Been a Challenge for Cattle Producers

Acknowledging every year has its ups and its down, Cameron Mulrony says 2022 was a challenging year for local cattle producers to say the least. Mulrony, the Executive Vice President of the Idaho Cattle Association...

Latest articles

%d bloggers like this: