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Notable Sales, February 23, 2024



O’Brien County, Iowa: A single tract of farmland located 3.5 miles west of Primghar, Iowa, was sold on February 14. The tract was 112.4 acres with 112.07 cropland acres that had a CSR2 value of 96. It sold for $19,500 per acre for a total of $2,191,800 or $207 per point.


Boone County, Iowa: Located 5.5 miles southeast of Ogden, Iowa, an individual tract of 55.18 acres was sold on February 15 via online bidding. The tract consisted of 54 FSA indicated cropland acres that are classified as NHEL farmland and carried a CSR2 value of 87.4. The farm had a CRP contract in place until September of 2026 with an annual payment of $17,431.20. The farm sold for $15,450 per acre for a total of $852,531.

 

Dallas County, Iowa: Three tracts were sold at public auction on February 20 via the buyer’s bhoice auction method. The farms were located 7.5 miles southwest of Perry, Iowa, and were all bought by the same buyer for $17,400 per acre, or a total sale price of $3,486,264. Tract 1 consisted of 80 acres with 79 cropland acres. Tract 2 consisted of 81.36 acres with 80.35 cropland acres. Tract 3 was 39 acres and 100% tillable. CSR2 ratings for the tracts were between 88 and 89.

 

Douglas County, Illinois: On February 13, a 106.20-acre parcel was sold at public auction. Located one mile southeast of Murdock, Illinois, the tract boasted 105.90 cropland acres with a soil rating of 128.5. It sold for $17,600 per acre for a total of $1,869,120. There were also existing pipeline easements that passed through the southern portion of the property.

 

Macoupin County, Illinois: Three tracts were brought to public auction on February 15 via the buyer’s choice auction method. Of the three tracts, Tract 2 stood out the most with 81.17 acres that were all considered cropland and a soil rating of 134.2. The parcel sold for $18,450 per acre for a total of $1,497,587.

 

Stark County, Illinois: Selling via buyer’s choice, 672.06 acres were sold in eleven different tracts on February 15.  Of the tracts, Tract 1 sold first and brought the highest per acre value selling for $16,800 per acre. The tract was 114.87 acres, which were considered to be cropland, and the soil rating on the tract was 137.2. The total sale price for Tract 1 was $1,929,816. In total, the eleven tracts brought $6,636,873.50.

 

Steele County, Minnesota: A 111.19-acre tract was sold at public auction on February 9. The tract boasted 106 cropland acres with a soil rating of 93.1 and borders the Hope Grain elevator. It sold for $13,900 per acre for a total price of $1,545,541. There was a 2% buyer’s premium on the farm, which bumped the price per acre to $14,178 and the total price to $1,576,452.


Nodaway County, Missouri: Three tracts of pasture and farmland acres sold individually on February 21. Tract 1 consisted of 40 acres that included 11.5 cropland acres and 25 pasture acres. The balance of the tract consisted of a 2,400 sq. ft. home. It sold for $14,250 per acre. Tract 2 was also 40 acres with 35.69 cropland acres that are currently in pasture and sold for $10,000 per acre. Tract 3 was 120 acres with 99.32 cropland acres, of which 40.78 are currently enrolled in CRP until September of 2030. It sold for $5,750 per acre.

 

York County, Nebraska: A 75.94-acre tract was sold at public auction on February 15. The tract consisted of 62.65 cropland acres with the balance of the tract in timber with the West Fork of the Big Blue River running through it. Located two miles east of McCool Junction, the tract sold for $11,550 per acre for a total price of $877,107.

 

Walworth County, Wisconsin: Located near Elkhorn, Wisconsin, 94.65 acres were sold at public auction on February 21. The tract consisted of 92.5 cropland acres with a soil rating of 84.3. There was a subtransmission line that ran through the property. It sold for $11,300 per acre for a total of $1,069,545.

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