The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Mike Walsten has covered major business trends in agriculture for more than 40 years.
A ray of sunshine in the normally opaque Iowa cash lease market was cast last week as 3,300 acres were auctioned for lease. Terms: two years with 25% of 2012's lease due February 1 and 75% due March 1, 2012; 25% of 2013's lease due January 15 and 75% due March 1, 2013.
The land offered ranged from Cass and Guthrie Counties to Hardin, Butler, Hancock, Franklin, Cerro Gordo and Mitchell. Basically the auctions ranged from $400 an acre to $530 an acre. One tract of 52 CSR soils, prone-to-flooding soils brought $325. Here are other samples: CSR 78 to 92 ground in Hardin County brought $460 to $530; CSR 62 ground in Mitchell Co. brought $400 an acre while CSR 86 Mitchell soil brought $530 an acre; CSR 76 to 81 ground in Cass and Guthrie brought $475 and $525 an acre; CSR 67.7 ground in Butler Co. brought $435 while CSR 71.6 land brought $520; CSR 71.4 and 72 ground in Cerro Gordo brought $490 and $500 an acre; 214 tillable acres of CSR 55.2 ground in Hancock County brought $450 an acre; Franklin county tracts with CSRs ranging from 68 to 84 ranged from $425 to $520.
Click here to look at the details more closely. Al Hughes Auction Service, Glenwood, Iowa, handled the auction for owner Charles E. Lakin.
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