This past weekend we had one of the few land auctions that we have had in the area this year. Just by walking in the door you could tell that the interest and curiosity was there. I can remember several years ago we had a landlord go to an auction and she was the only one that showed up and she bought the farm. I do not think that would happen in todays market with well over 100 people in attendance this past weekend. However most of the people are just curious to see how much it will sell for there were only 1-3 bidders on each tract of land. Here is what they sold for
Tract #1 80 acres mostly class A soils but needed some major drainage work done to it sold for $8500/acre. Tract #2 - 20 acres with all class A soils brought $9300/acre. Tract #3 - 40 acres which had mostly class B soils sold for $8600. and Tract #4 112.7 acres (93 tillable) which was considered a class C farm sold for $7100. For the most part I would say those are pretty strong prices for ground with todays prices.
Posted by: |