Uncover the Details of 2024's Farmland Deals
80 Acres in Poweshiek County, Iowa
In Poweshiek County, Iowa, an 80-acre property located 2½ miles north of Hartwick made headlines. The farm, with a Corn Suitability Rating Index (CSR2) of 91.2, was sold via public auction. On August 8, 2024, it fetched an impressive $19,000 per acre, resulting in a final sale price of $1,520,000. This price was well above the county average of 67.9, highlighting its exceptional quality.
The location and CSR2 value make this farm an attractive investment opportunity. Its proximity to a small town and high suitability for corn cultivation contribute to its market value.
118.34 Acres in Macon County, Illinois
In central Illinois, a 118.34-acre farm was sold using the buyer's choice auction method. The property boasts corn yield data of 240 bushels per acre and soybean yields in the mid-70s. Sold in three tracts, it achieved an average price of $17,397 per acre, with a total sale price of $2,058,783. This demonstrates the productivity and potential of this Illinois farmland.
The combination of high yields and the unique auction method makes this transaction stand out. It showcases the diverse ways in which farmland can be sold and valued.
154.75 Acres in O’Brien County, Iowa
A highly sought-after 154.75-acre property in O’Brien County, Iowa, just southeast of Sheldon, was sold through the buyers' choice auction method. With an average CSR2 value of 94.9, the land attracted significant interest. Tract 1 sold for $19,000 per acre, followed by Tract 2 at $18,100 per acre and Tract 3 at $16,500 per acre. The total sale price reached $2,838,875, reflecting the desirability of this property.
The varying prices per tract highlight the differences in value within this large property. The high CSR2 value and strategic location contribute to its appeal.
114.55 Acres in Lyon County, Iowa
Near Rock Rapids, Iowa, a total of 114.55 acres sold at auction. This high-quality northwest Iowa farm, with 95% tillable land and main soil types of Galva, Sac, and Primghar series soils, was sold for $17,600 per acre, totaling $2,016,080. The combination of tillable land and favorable soil types makes this farm an attractive option.
The specific soil types and high tillable percentage add to the value of this Lyon County property, making it a prime investment for agricultural purposes.
76.59 Acres in Dubuque County, Iowa
In northeast Iowa, between Cascade and Worthington, a total of 76.59 surveyed acres sold via public auction. With 70.51 acres tillable and a CSR2 value of 54.4, the property fetched $17,500 per acre, equivalent to $349 per CSR2 point. This shows the unique valuation based on both tillable area and CSR2.
The combination of tillable land and CSR2 value provides a comprehensive assessment of this Dubuque County farm's worth.
111.23 Acres in Clinton County, Iowa
In eastern Iowa, 111.23 acres located 2 miles southeast of Delmar were sold as three diverse tracts via public auction. Tract 1, with 98% tillable land and a CSR2 value of 93.2, was a standout. Tract 2 held recently expired CRP acres, and Tract 3 consisted of a 1,680-square-foot county home. The auction concluded with a final sale price of $2,040,167.
The diverse nature of these tracts and their individual characteristics contribute to the overall value and appeal of this Clinton County property.
Produced in partnership with American Farmland Owner (AFO). AFO aims to assist landowners in making informed decisions for their farmland while safeguarding the prosperity of American agriculture.