Iowa Land Auction Prices, February 26-March 4, 2021
Posted on 03/08/2021 at 09:22 AM by Jim Rothermich
Kossuth County topped the market this week at $11,750/acre. Overall, sale prices were very good. The last full month of the 2020-2021 sale season, March will be fairly active with auctions. Iowa State University Extension Economist Dr. Alejandro Plastina wrote this week, “Total costs for corn and soybean production per acre are expected to increase, respectively, by 2.1-3.4% and 2.6% in 2021. However, higher expected corn yields over a 30-year trend for 2021 suggest that on a per bushel, costs would increase by 1.0-2.6% to remain below their 2019 markets.” Bushels per acre helps spread out those costs per acre. More next week on Dr. Plastina’s newsletter on corn and soybean breakeven prices.
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Jim Rothermich, MAI, ARA
Iowa Appraisal and Research Corporation
theLandTalker@iowaappraisal.com ∣ @theLandTalker