$7,400 per acre in Northeast Iowa

April 19, 2016 03:04 PM

Today, April 19, saw the auction of 160 acres in Fayette Co., Iowa, bring $7,400 an acre. The property was located five miles northeast of Sumner and offered 128 tillable acres. The cropland carried a CSR2 of 87.0 versus a county average of 68.0. There were 17 acres enrolled in CRP paying $3,988 annually with contracts expiring in 2020 and 2022. The offering included a farmstead.

Handling the auction was Travis Smock, Peoples Company, Independence, 319-361-8089.