Land Sale of the Week: $7,500/acre in Southwestern Minnesota

October 28, 2016 10:28 AM

Mike Walsten

An Oct. 27 auction in Redwood Co., Minn., saw 80 acres sell for $7,500 an acre. The tract, part of a total of 160 acres offered for sale, was located a half mile north of Milroy, Minnesota. It featured 70 tillable acres and carried a CER (Crop Equivalent Rating) of 69.6 and a Productivity Index of 93.2.

The second 80 acres offered 68 tillable acres and a CER of 69.1 and PI of 91.8. It brought $6,300 an acre.

Handling the auction were Dean Stoltenberg, Pipestone Realty, Jasper, Minn., 507-348-7352 and Chuck Sutton, Auctioneer & Land Broker, Sioux Falls, S.D., 605-336-6315.

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