Land Sale of the Week: $14,350/Acre Northwest Iowa

 

Mike Walsten

Active bidding from a small group of aggressive farmers resulted in a 40-acre farm selling for $14,350 April 24. The farm is located east of Sanborn in O'Brien County in northwest Iowa. The farm sold with immediate possission and no leases.

The offering included 37 acres of quality tillable cropland. The Corn Suitabiltiy Rating 2 (CSR2 with 100 being maximum) on the property is 97.6. The CSR is 78.1 versus a county CSR average of 71.8.

Rich Vander Werff of Vander Werff and Associates, Inc., Sanborn, 712-729-3264 handled the auction.

Says Vander Werff: "We had five or six active bidders. We started the bidding at $8,500 and were at $12,000 an acre within three minutes. A local farmer was the buyer."

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

 

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Comments

 
Spell Check

ronnie
dexter, MD
8/21/2015 05:45 PM
 

  I wonder if there was any buyer premium?

 
 
jack
mitchell, SD
11/10/2015 09:57 AM
 

  it was 40 acres, does it really matter? Not even a "real sale". 40 acres, give me a break!!

 
 
Tom
Cedar Rapids, IA
4/18/2016 08:33 PM
 

  The story says it sells on April 24.

 
 

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