Say Faust, not sure if I posted the Iowa sales, but it is below. Look at the South Dakota sales price, over $9,000/acre. That seems pretty high for SD Land don't you think? That is getting up to the level of low-class 2 Iowa soils of $9,000 to $10,500/acre. Class 2 dirt is around the 60 to 68 CSR range. This is the one bad thing about having a farm operation, to get to the lowest COP (Cost of Production) per bushel, it requires you to tie up so much money in land.
Auction Results
Floyd County, IA
2/20/2013
- 321 acres sold for $3,755,700.00 ($11,700.00/A)
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2/20/2013
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240± Acres, Lake County, South Dakota, were sold at auction on Wednesday, February 20, 2013, at Nicky's in Madison, South Dakota. For additional information, please contact Thomas Jass, Agent at (605) 582-2798 or click here.
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Total: $2,216,000
Tract 1: $9,500/A
Tract 2: $9,100/A
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