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NW Illinois | Agree that $130/CSR point is way too low with the way things have been selling in Iowa. There are obviously other factors in play besides that measure, but it is a good starting point on value.
There are a number of places you can see some recent sales to use as a benchmark. Mike Walsten of ProFarmer has some over the past month or so on Twitter –
$12,600/acre on 72.9 CSR in Chickasaw County ($172/CSR point)
$8,450/acre on 54 CSR in Jones County ($156/CSR point)
$15,850/acre on 66.3 CSR in Sioux County ($239/CSR point)
$13,300/acre on 76.1 CSR in Poweshiek County ($175/CSR point)
$12,500/acre on 75.3 CSR in Butler County ($166/CSR point)
$12,825/acre on 86.8 CSR in Johnson County ($148/CSR point)
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Price of Iowa farmland per CSR point?
