Ag Informer – More Record Prices for Iowa Farmland – Mix 94.7 KMCH

In Plymouth County, Iowa, a brand new document was set to the tune of $26,250 per acre.

The farmland included 55 acres of high-quality farmland, in line with Brock Public sale Firm, which managed the sale. Meaning the full invoice was $1.44 million.

The tracts included 53.8 cropland acres with a 27.11-acre corn base with a 176 bu. PLC Yield index and a 25.74-acre soybean base with a 53 bu. PLC Yield index. The Plymouth County assessor and NRCS workplace present the farm carries a CSR II weighted common of 91.7 with virtually 80% of the farm at 95 CSR II.

The bidding began at $17,000 per acre and three bidders topped $25,000 per acre, in line with Jim Rothermich of Iowa Appraisal. A neighborhood farmer had the successful bid.

“The sale worth has no affect from improvement or wind power,” Rothermich says.

This sale now holds document for a highest worth. It tops the sale from August, when a Sioux County, Iowa, farm offered for $26,000 per acre.

It’s possible you’ll bear in mind a noteworthy sale additionally from Plymouth County this previous summer time. On Might 27, a farm offered for $25,000 per acre.

Iowa Farmland Value Traits

The worth of high-quality cropland in Iowa is $14,472 per acre, in line with the September semi-annual survey performed by the Iowa Chapter of the Realtors Land Institute. That’s up practically 17% from September 2021.

Relying on the area, that common for high-quality land ranges from $12,200 per acre within the southwest to $16,810 per acre within the northwest.

Whereas land values seem like leveling off, the Iowa Chapter of the Realtors Land Institute expects to see bigger worth swings from one sale to the subsequent for comparable high quality farms in late 2022.