Farmland sales seem to be on the rise and a recent auction in northwest Iowa really shows that.
A 76.5-acre farm just sold for over $2 million. That is nearly $27,000 per acre.
The land, split into two tracts, attracted significant attention, with about 1,000 people tuning in to watch the auction.
While farmland values across Iowa have dipped recently, high-quality properties like this one are still fetching top prices, thanks to prime soil and strong corn productivity.
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“This is going to hit everywhere, and it’s going to have an impact on those grocery bills.”
