$4,700 per acre in Southeast Iowa

June 27, 2016 02:34 PM

A June 25 auction in Henry County, Iowa, saw 105.5 acres sell for $4,700 an acre. The farm was located about 2.5 miles west of Trenton. It featured 55 tillable acres, including 18 acres in CRP with an annual payment of $162.61 per acre expiring in 2017 and 18 acres with an annual payment of $152.72 per acre also expiring in 2017. Balance of the tract was in pasture and hardwood timber.

The CSR2 on the cropland was 73.9 compared to the county-average cropland CSR2 of 63.1. A single story ranch home built in 2005 was included.

Handling the auction was Sullivan Auctioneers, LLC, Hamilton, Ill., 844-847-2161.