$17,900/Acre

[Jim Meade / Iowa City]

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

[JCCWIS]

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

[OKdon]

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

[k-289]

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

[lsc76cat]

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?

[Jim Meade / Iowa City]

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.