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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.

$21,900 per Acre for Sioux County Farmland!

Oct 25, 2012

Mike Walsten

Now it's $21,900 an acre for Sioux County, Iowa farmland. Remember that $20,000-an-acre auction in Sioux County about a year ago? Well... never mind. Now it's $21,900 an acre. The parcel, sold today by Rich Vander Werff, Vander Weff & Associates, Inc., Sanborn, was 80.5 acres located a little southwest of Boyden. It featured 79 flat tillable acres and carried a CSR2 of 84.1 and a CSR of 73.7. The county average CSR (not CSR2) is 64.8. (CSR2 is an updated soil evaluation system released recently by Iowa State University. It replaces the old CSR, which has been around since the 1970s. While carrying the same name, CSR2 is not really comparable to CSR. "It's like comparing apples to oranges," one expert tells me. It includes new soil productivity factors developed since CSR's original development. These new factors tell much more about the soil's producitive capability.)

"We had four bidders above $20,000," says Vander Werff. "All were local. There were more than 150 people in attendance."

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COMMENTS (8 Comments)

ford8N - Emerson, NE
Lets Tack on an additional 20% increase in Real Estate Taxes. Since valuations are based on recent land sales as opposed to prodctability...
11:38 AM Oct 30th
 
ford8N - Emerson, NE
Lets Tack on an additional 20% increase in Real Estate Taxes. Since valuations are based on recent land sales as opposed to prodctability...
11:38 AM Oct 30th
 

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