Land Sale of the Week: $15,500/a in Northwest Iowa

May 29, 2015 09:03 AM
 

Mike Walsten

The outbreak of bird flu in northwest Iowa had market observers nervous about an upcoming farmland auction of high-quality cropland May 16. But the results of the auction reflects continuing confidence in the long-term outlook for farming and land prices.

The 160 acres offered was located north of Granville in Sioux County. It featured 158.5 tillable acres and carried a CSR2 (Corn Suitability Rating updated) of 98.7. The maximum CSR2 possible is 100. The farm was owned by out-of-state owners who had held the ground for decades. It had been leased for more than 20 years.

The farm was offered in two 80-acre tracts with the high bidder having the option to take either or both tracts. The winning bid was $15,500 an acre, offered by a local farmer/investor who chose to take both tracts.

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

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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