$14,500 per acre in Northwest Iowa

August 5, 2016 11:57 AM

A private listing for 100 acres in O'Brien County, Iowa, saw the two tracts bring $14,500 and $14,100 per acre in late July. The land was located between Sanborn and Archer and consisted of two tracts. The total 100-acre piece offered 98 tillable acres and carried a CSR2 of 95.5.

Tract 1: An "outside" 80 acres brought $14,500 an acre.

Tract 2: A landlocked 20 acres touching Tract 1 at one corner brought $14,100 an acre.

Local farmers were the buyers with a 1031 exchange involved.

Handling the listing was Rich Vander Werff, Vander Werff and Associates, Inc., Sanborn, Iowa, 712-729-3264.