$3,611 per acre in Southern Iowa

July 5, 2016 03:01 PM

A 360-acre farm located in Ringgold County, Iowa, sold via private listing recently for $1,300,000 or about $3,611 per acre. The farm was located about four miles south of Kellerton. It offered 261 acres of cropland, which were all enrolled in the Conservation Reserve Program until September 2030 at $236.66 per acre. The cropland CSR2 was 54 versus the county-average CSR2 48.7. The remaining 100 acres was open pasture with wooded draws.

Handling the sale was Jon Peterson, Farmers National Company, Des Moines, Iowa, 515-221-9950.