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Here’s a quick look at six farmland transactions that transpired in August and September 2024.
80 acres in Poweshiek County, Iowa
Price: $19,000 per acre
Date: Aug. 8, 2024
Corn Suitability Rating Index (CSR2): 91.2
Eighty acres located 2½ miles north of the small east-central town of Hartwick, Iowa, sold via public auction. This quality farm’s CSR2 value was well above the Poweshiek County average of 67.9. On auction day the farm sold for $19,000 per acre, for a final sale price of $1,520,000.
118.34 acres in Macon County, Illinois
Price: $17,397 per acre average
Date: Aug. 28, 2024
Productivity Index (PI): 140
A 118.34-acre farm in central Illinois was sold using the buyer’s choice auction method. The farm boasts corn yield data showing 240 bushels per acre (bpa), and soybean yields in the mid-70s. Sold in three tracts, the total sale price for the property was $2,058,783.
154.75 acres in O’Brien County, Iowa
Price: $2.8 million
Date: Aug. 27, 2024
CSR2: 94.9 average
A highly sought-after 154.75-acre property located just southeast of Sheldon, Iowa, was sold in three tracts through the buyers’ choice auction method. With an impressive average CSR2 value, the land attracted significant interest. Tract 1 sold for $19,000 per acre, leading the way. Tract 2 sold for $18,100 per acre, and Tract 3 for $16,500 per acre. The total sale price for the property came to $2,838,875.
114.55 acres in Lyon County, Iowa
Price: $17,600 per acre
Date: Sept. 6, 2024
CSR2: 94.4
A total of 114.55 acres located near Rock Rapids, Iowa, sold at auction. This high-quality northwest Iowa farm was 95% tillable. The main soil types consisted of Galva, Sac, and Primghar series soils. The farm sold for $17,600 per acre for a total of $2,016,080.
76.59 acres in Dubuque County, Iowa
Price: $17,500 per acre
Date: Sept. 5, 2024
CSR2: 54.4
A total of 76.59 surveyed acres, between Cascade and Worthington in northeast Iowa, sold via public auction. The Farm Service Agency indicated 70.51 acres were tillable. The property sold for $17,500 per acre or an impressive $349 per CSR2 point.
111.23 acres in Clinton County, Iowa
Price: $2 million
Date: Sept. 18, 2024
A total of 111.23 acres located 2 miles southeast of Delmar, in eastern Iowa, sold as three diverse tracts via public auction. Tract 1 was 98% tillable and held a CSR2 value of 93.2. Tract 2 held recently expired CRP acres. Tract 3 consisted of a 1,680-square-foot county home. The auction concluded with a final sale price of $2,040,167.
Produced in partnership with American Farmland Owner (AFO). AFO aims to help landowners make informed decisions for their farmland while ensuring the prosperity of American agriculture.
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