In the heart of America's agricultural belt, a series of notable farmland sales took place in October 2024. These transactions highlight the ongoing value and demand for prime agricultural properties. One such sale occurred on October 4th in Pottawattamie County, Iowa. This parcel, situated approximately 20 miles northeast of Omaha, Nebraska, featured 90.71 acres that were auctioned online. The farm included 82.41 acres designated by the Farm Service Agency as cropland, with an impressive Corn Suitability Rating Index (CSR2) of 91.1—well above the county average. The final bid closed at $17,900 per acre, equating to $216 per CSR2 point, underscoring its exceptional quality.

Another significant transaction unfolded on October 30th in Clay County, Minnesota, within the eastern boundary of the Red River Valley. This expansive property, totaling 448.09 acres, boasted uniformly high soil productivity ratings in the 90s. Sold at a live auction divided into five tracts, including a contiguous 291-acre section, this fertile land attracted considerable interest. The sale concluded with a final price tag of nearly $5.4 million, pending the completion of the survey. Meanwhile, on October 29th, DeWitt County, Illinois, saw the public auction of 319.81 acres northwest of Champaign. Known for its Class A soils of Ipava and Sable silty clay loam, this land has historically produced impressive corn yields of 256 bushels per acre and soybean yields up to 93 bushels per acre. Adding to its appeal, the property also hosts four active oil wells. The auction resulted in a sale price of $5.3 million.

These transactions exemplify the robust market for high-quality farmland in key agricultural regions. They reflect the enduring importance of agriculture in the American economy and underscore the commitment to preserving and enhancing these vital resources. Such sales not only benefit individual landowners but also contribute to the overall prosperity and sustainability of American agriculture, ensuring that future generations can continue to thrive in this essential sector.