Iowa Land Auction Prices, October 2-8, 2021
Posted on 10/11/2021 at 10:55 AM by Jim Rothermich
The land market continues to show strength. The Lyon County sale of $39,750/acre is an active quarry and is not considered an ag land sale. Top honors go to Johnson County with two sales at an October 6 auction, one at $26,000/acre which included a tract for development, and one at $21,000/acre which was purchased to farm. There was said to be over 40 registered bidders at this auction. Honorable mention goes to Plymouth County with a sale of $17,800/acre. The next 60 days will have an unprecedented number of acres going to auction. Yes, prices are high, but you only pay for a good farm once and you may only get one chance in your lifetime to buy the farm you desire. Most farms have a hold period of 50 years.
“That’s my story and I’m sticking to it!”
Jim “the Land Talker”
Jim Rothermich, MAI, ARA
Iowa Appraisal and Research Corporation
theLandTalker@iowaappraisal.com ∣ @theLandTalker
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