Iowa | Boone & Crockett - 5/3/2024 17:39
Today. 153 acres pretty much central Mitchell county Iowa, 7 or 8 miles west of me as crow flies. 142 currently cropped balance in CRP. 71 average CSR, not great but very respectable dirt. $7,900 when gavel went down. There was a sale just a few miles away last fall, 160 cut up in 5 fields, just came out of crp, brought $13,000. That one was 73 avg CSR. Wake up call. More than 39% drop in 6 months. By far the lowest price I’ve seen in years around here. I don’t know how far I’d have to go back to find an equivalent sale price, but I’d guess 10 years.Edit too add; I’ve been so busy lately I hadn’t even seen it advertised or I’d been there. My brother in law was and stopped by afterwards and filled me in on the details.
Now that is a good land deal.(if it went through) Haven't heard of anything that cheap in a long time. Slap a 2500 head swine facility on it, and away ya go. (Not saying it will cash flow, but it beats the heck out of 15-25k an acre.
Honestly would have my doubts it actually sold for that. A good auctioneer and or realtor would have pulled it, and listed it for X online. Normally get close to what their asking. |
All you land bulls may not want open this thread; Auction results
