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Land Values?
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Kooiker
Posted 9/1/2010 18:30 (#1342247 - in reply to #1342123)
Subject: RE: Land Values?



440 acres sold last Friday in Lyon County, IA  (furthermost Northwest county in the state of IA)

 

160 acre piece sold as 2 80's ---- 1 was an improved 80 with an old house, old barn two 10,000 bu dryer bins and a 6000 bu storage bin

 If I remember right both pieces sold for $7800/acre.  Other than the farm place and the gravel roads the improved 80 was all tillable and the other 80 had a short drainage ditch in it in addition to the road.

 

160 acre piece all tillable other than a short water way and the gravel roads sold for $7800/acre ?

 

120 acre piece all tillable other than the gravel roads sold for $8000/acre.

 

All pieces were square fields with 1/2 mi rows.  Avg CSR's for all pieces were in the mid 60's.  The piece with the lowest CSR (63?) was the $8000 ground.

 

All was good ground for this area, (there is better ground elsewhere that is cheaper) but it was definitely high priced.

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