Land Sale of the Week: $7,675/acre in South-Central Minnesota

 

Mike Walsten

Wednesday, March 23, saw the auction of 160 acres in Faribault Co., Minnesota. The farm was located about one mile east of Minnesota Lake and featured 155 total tillable acres. The soils carried a Productivity Index of 89.6.

It was offered in two tracts but sold as a single unit for $7,675.50 per acre. The buyer was an investor with farming ties.

Handling the auction was Charles Wingert, Wingert Realty & Land Services, Inc., Mankato, Minn., 800-381-5263.

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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Comments

 
Spell Check

Ronnie
Dexter, MD
3/24/2016 04:24 AM
 

  Any buyer premium ?

 
 
Goldkey Farms
Green Isle, MN
3/28/2016 03:23 PM
 

  Notice that it wasn't a farmer that bought it, this was an investor with farming ties (aka) someone who grew up on a farm and has some extra money which they did not want tied up in the market.

 
 

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