Recent Sales Reflect Strong Market

Published on: 14:09PM Jul 09, 2008

Mike Walsten

Recent sales I've seen continue to reflect strong demand for farmland. Here is a sampling of recent sales across the heartland.

Illinois: Piatt County, June 20: 244.6 acres southeast of Farmer City; 234.6 acres tillable; Productivity Index of 141 using Illinois Bullestin 811; $8,500 per acre. And they were still planting beans the day of the auction!

Iowa: O'Brien County, June 18: 188.6 acres north of Sheldon; Tract 1: 125.6 acres; 117 acres tillable; CSR 75.4 (71.8 county average); $8,200 per acre. Tract 2: 63 acres; 62 acres tillable; CSR 76.3; flat with tile needed; $7,500 per acre.

Iowa: Johnson County, June 6: 52 acres nine miles southwest of Iowa City; 44.4 acres tillable; CSR 57.6 (67.5 county average); $5,225 per acre.

Nebraska: Cass County, June 18: 233 acres west of Murray; 210 acres tillable; 105 corn base acres; $3,995 per acre.

Nebraska: Nemaha County, June 10: 200 acres west of Brock; 186.3 acres tillable with 16 acres in CRP; $2,600 per acre.

Kansas: Edwards County, June 9: 320 acres northwest of Lewis; 201 corn base acres; two irrigation pivots; 2,200-head feedlot; $2.400 per acre.

I cover sales like these and more in each issue my newsletter, LandOwner. If you'd like to see a sample copy, just send me an email or call 800-772-0023. I'd be happy to email a copy to you. Better yet, subscribe and save $20 off the annual subscription price of $119. Just call 800-772-0023 and mention you saw the offer in this column.