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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“The clean-up process is going to be a very, very long time. It’s not going to take months; it’s going to take probably years, if not longer than that.”
“We absolutely expect to see more of these proposals similar to this or other types of action on this topic in this session and upcoming ones as well.”