Posted 9/1/2010 22:40 (#1342768 - in reply to #1342123) Subject: RE: Land Values?
I bought two parcels and closed on them 12-31-09 . Parcel 1: 110 acres with 28,000 bushel of storage, 40x80 shed and 40x60 shed (good shape) $5000 /acre. Parcel 2:110 acres bare land $5100/acre. These parcels bordered my farmstead and I had been farming them for 13 years. It was a private transaction between the estate heirs and I.
Western IA. North of I-80. 200+ bushel corn and 50+ bushel bean capability.
A 160 acre farm (bare ground) 15 miles from me sold a month ago for $7600/acre.
A 440 acre farm (bare ground) 30 miles from me (South of I-80) sold a month ago for $6025/acre
Land Values?
