Farmland, News Desk
Iowa Farmland Sells for $25,000 Per Acre
Brock Auction Company sold a 100-acre Plymouth County farm southeast of Le Mars, Iowa, for $25,000 per acre, well above last year’s values of $12,416 per acre. A neighboring family north of the property bought the roughly 96.33-acre farmland and 3.67-acre farm after the recent death of the owner, Eilene L. Rolling. The price was higher than the state’s average values. Northwest Iowan farmland is considered richer and more valuable than other regions in the state. Bruce Brock, president of Brock Auction company, describes the land as having highly productive “top-quality soil.” The sale of more than $2.6 million reflects Iowa’s increasing farmland values. According to Iowa State University, the statewide average of farmland values went up 29 percent for 2021, which was up 31.4 percent from 2020. Farm revenues and land values are sure to increase in 2022 due to increasingly limited global grain supplies.
Warning: Undefined array key 0 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
Warning: Undefined array key 1 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
2012 Land Report 100: Mike Smith
No. 36 Mike Smith 248,500 acres Slowly but steadily, Mike Smith of Amarillo has added …
Texas Land Values Drop Just 7 Percent in 2009
The Texas land market saw bargain hunters staring down unmotivated sellers throughout 2009. The end …
Money for Water
As the Colorado River Compact nears the century mark, an increasing number of conservation efforts …
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.