$8,550 to $9,200 per acre in Northwest Iowa

August 25, 2016 11:31 AM

An August 24 auction in Palo Alto Co., Iowa, saw 145 sell in two tracts for $8,550 and $9,200 each. An additional trade of 184 acres sold for $5,000 an acre. The farmland was located 4 miles west and 4 miles southwest of Ayrshire.

Tract 1: 80 acres with 77 acres tillable; CSR2 85.6 versus county cropland average of 85.1; $9,200 an acre.

Tract 2: 65 acres with 64 acres tillable; CSR2 82.5; $8,550 per acre.

Tract 3: 184 acres with 88 acres tillable; CSR2 73.1 on the cropland; balance in pasture, marsh and lakeshore with farmstead; $5,000 per acre.

Handling the auction was Jon Hjelm, The Acre Co., Spencer, Iowa, 712-262-3529.