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:max_bytes(150000):strip_icc()/SUELFLOW.090-2-3b47d6dad05d4c9b9e21f09ca1720417.jpg "Southeast Iowa Farmland Sells for $19,200 per Acre")
Take look at these seven farmland transactions that transpired in fall 2024.
77.5 acres in Washington County, Iowa
Date: Sept.27, 2024
Price: $19,200
CSR2: 83.2
Four miles northeast of Keota, Iowa, 77.5 acres sold via public auction. This highly productive southeast Iowa farm was nearly 100% tillable. The primary soil types were Mahaska, Nira, and Taintor silty clay loams. The sale price of $19,200 per acre reflected this farm’s productivity.
114.55 acres in Lyon County, Iowa
Date: Sept. 6, 2024
Price: $17,600 per acre
Corn Suitability Rating Index (CSR2): 94.2
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.
111.23 acres in Clinton County, Iowa
Date: Sept. 18, 2024
Price: $2 million
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 country home. The auction concluded with a final sale price of $2,040,167.
76.59 acres in Dubuque County, Iowa
Date: Sept. 5, 2024
Price: $17,500 per acre
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.
79.85 acres in Warren and Madison counties, Iowa
Date: Sept. 18, 2024
Price: $15,300 per acre
Two tracts located less than a mile off of Interstate 35, with a convenient 20-minute drive from Des Moines, sold via public auction. One was 39.85 acres in Warren County, and the other was 40 acres in Madison County. Both tracts sold for $15,300 per acre, bringing a total sale price of $1,221,705.
151 acres in Howard County, Iowa
Date: Sept. 26, 2024
Price: $11,110 per acre
CSR2: 64.2
Located 2 miles north of Cresco, in northeast Iowa, 151 acres sold at public auction. This farm consisted
of 132.80 effective cropland acres. Despite having over 18 non-productive acres and a below-county-average CSR2, the farm sold for $11,110 per acre, or $197 per CSR2/point.
248.46 acres in Nicollet County, Minnesota
Date: Nov. 13, 2024
Price: $15,867 per acre (average)
Crop Productivity Index (CPI): 90+
A total of 248.46 acres of cropland were sold via live public auction with a sealed bid process. The land was sold as three tracts, each highly tillable, with documented drainage tile maps. On auction day, the farm sold for $3.94 million.
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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