$9,400 per acre in North-Central Iowa

November 21, 2016 10:40 AM

A Nov. 16 auction in Hancock Co., Iowa, saw 160 acres sell for $9,400 an acre. The tract featured 153.5 tillable acres and a soil CSR2 rating of 82.7 versus the county average cropland CSR2 of 78.7.

The land was part of a larger offering featuring a total of 160 acres offered and sold as two tracts. The other tract also consisted of 160 acres with 153 acres tillable. It included a half-acre bin site with four grain bins, one with dryer, totaling 35.000 bushels. The CSR2 on the cropland was 53.5. It sold for $7,150 an acre.

Both tracts were pattern tiled.

Handling the auction was Doug Bergeman, AFM, Farmers National Company, Austin, Minn., 507-434-7985.