$26,250 Per Acre New Record for Nebraska Farmland

Only a few weeks have passed since an Iowa farmland auction set a new national sales record for $26,250 per acre. On October 27, DreamDirt Auctioneers broke that record when it auctioned a Southeastern Nebraska farm for $27,400 per acre. (The previous record in the Cornhusker State was $17,800 per acre.) The two tracts totaled 117 acres. Located near Falls City, the auction was managed by Jason Smith of DreamDirt and drew nine bidders. Despite an assessed value of just $4,185 per acre, the farm ground became a bidding war between two eager buyers. Smith reported that the farmland’s excellent soil quality played a significant role in its appeal. Read more HERE.