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Jim Meade / Iowa City
Senior Advisor

$17,900/Acre

Sister reported that 40 bare acres sold for $17,900 near Hull, IA.  Bought by adjoining land owner.

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5 Replies
JCCWIS
Senior Contributor

Re: $17,900/Acre

Clark Co. Nort . Cent. Wi. .......All tillable 40 acres sold for $5000/ acre....good laying 40 for " Here ". New high for the area.  Local dairy buyer.

 

 

John

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OKdon
Senior Contributor

Re: $17,900/Acre

Jim  that is cheaper than buying 40 acres elsewhere and moving it next to yours.  Some folks wait a whole lifetime for that 40 next door to come up for sale. That doesn't mean it's a good decision. It merely means that a person that is financially blessed can do these things whether they make sense or not

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k-289
Senior Advisor

Re: $17,900/Acre

Might be a positive when filling out the next finacial statement ---  

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lsc76cat
Veteran Advisor

Re: $17,900/Acre

Jim - how big of an impact will that have on land valuations in that area relating to taxes?

Will the assessor(s) take the "uniqueness" of this sale into consideration?

 

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Jim Meade / Iowa City
Senior Advisor

Re: $17,900/Acre

Hull is in northwest Iowa near where other record land prices occured last year, so I don't know how far out of range it is for that country.

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