People may think that an auction involving 673 acres in southeast Iowa in the face of lower cropland prices, low corn and soybean prices, and troubling spring and early summer weather would result in weak prices. But that was not the case July 30 when those 673 acre passed under the gavel in 10 separate tracts.
The farm was located northwest of Washington, in Washington County, Iowa, with one tract within the city limits. But that tract did not command the highest price. That tract, which consisted of 48 acres, all tillable, with a CSR2 (Corn Suitability Rating) of 82.3 sold for $9,550 an acre. Other tracts with CSR2 ratings in excess of 80 (maximum = 100) sold for $7,900 to $10,100 per acre with two tracts hitting the $10,000 mark.
Only one tract failed to touch the $8,000-per-acre or $8,000-tillable-acre mark. That tract consisted of 76 acres and carried a CSR2 of 63.3. It sold for $6,500 an acre.
Handling the auction was Duwa's Auction Service, LLC of Wellman, Iowa, 319-646-6775.
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