Ag land prices continue to RISE, Lee County, Iowa, Land Auctions

Agriculture land prices continue to rise in America's Heartland. This week we saw what I believe to be record prices in Lee County, Iowa. The auction was of an Estate in Southeast Iowa. The farm was offered in 10 tracts, resulting in 6 different buyers. Tract 1 consisted of 86 acres with 84 being tillable. This tract brought $8,600.00 per acre. Tract 2 was 61 acres with 55 acres tillable. This tract brought $6,850.00 per acre and sold to the same buyer. Tract 3 was 110 acres with 92 acres tillable. This tract brought $7,350.00 per acre. Tract 4 was 12 acres and consited of the old homestead and outbuildings. The tract brought $115,000.00. Tract 5 was 17 acres with 11 acres tillable bringing $2,600.00 per acre. Tract 6 was 26 acres and consisted of mature woods and was an ideal building spot. This tract brought $1,900.00 per acre. Tract 7 was 41 acres with 16 acres tillable and brought $2,600.00 per acre. Tract 8 was 129 acres with 109 acres tillable. This tract ended up bringing $5,100.00 per acre. Tract 9 was 47 acres with 40 being tillable. The tract brought $6,600.00 per acre and sold to the same buyer as tract 8. Tract 10 was 20 acres, mostly pasture. This tract of land brought $3,100.00 per acre. When all said and done the 550 acre farm totaled $3,322,919.50 equaling $6,024 per acre.

When looking back on the sale of this farm and many of the other recent sales it is easy to see that good tillable land is in high demand. Do you know someone that's the owner of a farm in America's Heartland? Do you think they know todays values? I bet not!

If you know someone that is considering selling give us a call. We pay referral fees to all licensed real estate agents. We are licensed real estate and auction company in America's Heartland (Illinois, Iowa & MIssouri). For more information on us, United Country Wallingford Group, or personal references contact us at (217) 214-2752.

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