Your Precious Land
Mike Walsten has covered major business trends in agriculture for more than 40 years.
Recent Sales Reflect Strong Market
Jul 09, 2008
Recent sales I've seen continue to reflect strong demand for farmland. Here is a sampling of recent sales across the heartland.
Illinois: Piatt County, June 20: 244.6 acres southeast of Farmer City; 234.6 acres tillable; Productivity Index of 141 using Illinois Bullestin 811; $8,500 per acre. And they were still planting beans the day of the auction!
Iowa: O'Brien County, June 18: 188.6 acres north of Sheldon; Tract 1: 125.6 acres; 117 acres tillable; CSR 75.4 (71.8 county average); $8,200 per acre. Tract 2: 63 acres; 62 acres tillable; CSR 76.3; flat with tile needed; $7,500 per acre.
Iowa: Johnson County, June 6: 52 acres nine miles southwest of Iowa City; 44.4 acres tillable; CSR 57.6 (67.5 county average); $5,225 per acre.
Nebraska: Cass County, June 18: 233 acres west of Murray; 210 acres tillable; 105 corn base acres; $3,995 per acre.
Nebraska: Nemaha County, June 10: 200 acres west of Brock; 186.3 acres tillable with 16 acres in CRP; $2,600 per acre.
Kansas: Edwards County, June 9: 320 acres northwest of Lewis; 201 corn base acres; two irrigation pivots; 2,200-head feedlot; $2.400 per acre.
I cover sales like these and more in each issue my newsletter, LandOwner. If you'd like to see a sample copy, just send me an email or call 800-772-0023. I'd be happy to email a copy to you. Better yet, subscribe and save $20 off the annual subscription price of $119. Just call 800-772-0023 and mention you saw the offer in this column.