Notable Sales | January 12, 2024

Jefferson County, Arkansas: Located about 15 miles northeast of Pine Bluff, Arkansas, a listing of 2,580.59 acres sold on December 13. Of the total land, 2,382 acres were considered irrigated by 22 irrigation wells and a pivot. The property also featured numerous improvements of buildings and grain bins. The remaining acres on the property consisted of wooded and CRP ground. The land is in a known flyway, and there are several hunting blinds on the property. It had a lower NCCPI of 63.2, but there were many institutional bidders interested in the property. It ultimately sold for $7,000 per acre for a total price of $18,064,130.

Sioux County, Iowa: Northwest Iowa started the new year off right with a strong farm sale of 30 acres. Selling at public auction on January 3, the tract brought $22,600 per acre for a total price of $678,000. Located two miles southwest of Rock Valley, Iowa, the tract featured 27.90 tillable acres with a CSR2 of 78.6.

Story & Boone Counties, Iowa: Three tracts of farmland located in Boone and Story Counties, Iowa, were brought to public auction on January 10. Tract 1, located in Boone County, was 154.76 acres and boasted a CSR2 of 83.6. It sold for $17,800 per acre or $2,754,728 total. Tracts 2 and 3 were both located in Story County. Tract 2 was 44.18 acres and sold for $18,200 per acre or $804,076 total. Tract 3 came out on top with 36.69 acres selling for $18,700 per acre or $686,103 total. It also had a high CSR2 value of 82.5. The tracts were located three miles north of Slater, Iowa.

Pike County, Missouri: Located in the Annada Valley near Elsberry, Missouri, 314 acres of Mississippi River bottom ground was sold at public auction in three tracts via the absolute auction method on January 7. Tract 1 was 106 acres and almost 100% tillable. It sold for $13,200 per acre for a total price of $1,399,200. Tract 2 was 163 acres and levied on three sides, selling for $15,400 per acre or $2,510,200 total. It brought the highest price of the auction. Tract 3 was 45 acres, highly tillable, and sold for $13,800 per acre or $621,000 total. All three tracts had paved road access.