Sold! Iowa Farmland Hits $30,000 Per Acre

Farmland prices keep going up and up and up. The most recent record-breaking sale — at $30,000 per acre — took place at auction in Iowa. The seller, the Kraai family of Sioux County, was represented by Zomer Company Realty & Auction. The buyer and runner-up were reportedly local farmers. Made up of 72 total tillable acres, the land is divided equally between corn and soybean production. According to Jim Rothermich of Iowa Appraisal, the price at auction was “negotiated in minutes.” He predicted that future auction activity will be “very brisk” over the next month. Read more HERE.