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Your Precious Land

RSS By: Mike Walsten, Pro Farmer

Mike Walsten has covered major business trends in agriculture for more than 40 years.

Contrary to Rumors, That $20,000-an-Acre Sioux County, Iowa, Farmland Sale Closed

Jan 16, 2012

Mike Walsten

A spate of Internet rumors sprung up in the last week concerning that eye-blinking $20,000-an-acre farmland sale in northwest Iowa late last year. Thrust of the rumor -- that it did not close. Contrary to the rumor, it did. Confirmation comes from Pete Pollema of Pollema Auction & Real Estate, Sioux Center, Iowa, who handled the auction. "It closed last week," he told us. "I've got the commission check.

"I don't know where that rumor came from," he continued. "I had several calls in the past few days asking the same question. The buyer had his financing lined up before he came to the sale and there was never a question that the sale would close," he told us.

By the way, here is an interesting story about farmland vales in general and Sioux County farmland in particular. Click here.

If interested in seeing a copy of LandOwner, just drop me an email at or call 800-772-0023.

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COMMENTS (5 Comments)

Don't worry there is no $20,000 an acre land in Indiana, Ohio, Illinois, Minnesota, Nebraska, Kansas, the Delta or the Dakota's, you have much smarter people in those states. Only in Iowa where we "illiterates" live, is anyone "who is a real farmer" dumb enough to pay that price for an acre of land, unless it has oil and gas under it.
8:22 AM Jan 18th
MariahCreekFarms - Bruceville, IN
I can't imagine land at $20,000/acre. And here's hoping my county council and commisioners who work up the property tax rates can't either!

But if they do I have some swampy bottomland along the Wabash I can sell you....
8:15 AM Jan 14th

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