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Notable Sales, March 22, 2024



Grundy County, Iowa Three tracts of highly tillable cropland located two miles north of Beaman, Iowa was sold at public auction on March 20. Tract 1 was 77.48 acres, boasted a CSR2 rating of 96.1 and was 98% tillable. Tract 2 consisted of 74.66 acres that carried a CSR2 rating of 96.7 and was 99% tillable. Tract 3 was 77.81 acres and was 91% tillable with a CSR2 rating of 93.6. Tract 1 sold for $18,550 per acre, Tract 2 sold for $17,500 per acre, and Tract 3 sold for $15,000 per acre. There was a buyer’s premium on the sale, so $7,500 was added to the final sale price of each tract.


Plymouth County, Iowa On March 8, three tracts were sold at public auction. They were located west and north of Le Mars, Iowa. Of the three tracts, Tract 1 stood out the most. Selling for $18,100 per acre, Tract 1 consisted of 40 acres with 37.88 tillable acres and a CSR2 rating of 84, coming out to $227 per point. Tracts 2 and 3 sold for $16,100 per acre and $11,600 per acre, respectively.

 

Poweshiek County, Iowa Located six miles northeast of Grinnell, Iowa, a 154.5-acre tract was sold at public auction. The parcel consists of 150.47 tillable acres, according to the FSA, and an average CSR2 rating of 93.1. It sold for $19,500 per acre for a total sale price of $3,012,750 or $215 per point.

 

Macon County, Illinois 75.44 acres located two miles northwest of Oreana, Illinois were brought to public auction on March 14. The tract was all tillable and boasted a soil rating of 141.3. The five-year yield average for corn was 234.3 bushels per acre and the five-year yield average for soybeans was 78.4 bushels per acre. The farm sold for $18,000 per acre for a total sale price of $1,357,920.

 

Macon County, Illinois Three tracts of highly tillable farmland were sold at public auction on March 20. The farms were located southeast of Maroa, Illinois. Tract 1 consisted of 78.86 acres, 77.79 tillable acres, and a soil rating of 141.9. Tract 2 consisted of 80 acres that were considered all tillable with a soil rating of 135.5. Tract 3 consisted of 98.18 acres that were also considered all tillable with a soil rating of 140.2. Both Tracts 1 and 2 sold for $17,200 per acre, and Tract 3 sold for $18,300 per acre.

Piatt County, Illinois Six tracts of highly tillable Illinois cropland were sold via the Choice and Privilege auction method on March 19. Of the six tracts, Tracts 1 and 2 stood out the most. Tract 1 consisted of 87.25 acres that were 97% tillable with a soil rating of 143.2. Tract 2 consisted of 35 acres that were all tillable with a soil rating of 139.4. Both tracts sold for $18,900 per acre, for total sale prices of $1,649,025 and $661,500, respectively.

 

Cottonwood County, Minnesota An 80-acre tract located five miles southeast of Delft, Minnesota was sold at public auction on March 12. The farm boasted 77.75 tillable acres with an average soil rating of 81.9. The tract sold for $13,900 per acre for a sales price of $1,112,000. There was a 2% buyer’s premium on the farm, which bumped the per acre price to $14,178 and the final sales price to $1,134,240.

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