$9,600 per acre in Northeast Iowa

June 9, 2016 10:17 AM

A June 8 auction of 204 acres in Black Hawk Co., Iowa, saw 140 acres sell for $9,600 per acre. The farm, located a few miles northwest of La Porte City, was offered in two tracts.

Tract 1: 140 acres, 100% tillable with a CSR2 of 89.0 versus a county average cropland CSR2 of 70.0, sold for $9,600 per acre.

Tract 2: 64 acres, 63 acres tillable with a CSR2 of 53.8, sold for $5.700 an acre.

Handling the auction was Robert Regenwether, AFM, Farmers National Company, Hudson, Iowa, 319-988-3585.