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    iowa farm sold for $21,900/acre?!?!

    New Record Farm Sale: $21,900 per acre | Des Moines Register Staff Blogs

    ok farmers/experts what do you guys think of this?



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    Re: iowa farm sold for $21,900/acre?!?!

    I'm guessing the buyer paid cash.




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    Re: iowa farm sold for $21,900/acre?!?!

    I'm far from a farming expert, but that won't stop me from replying.

    I believe that NW Iowa farmland has been going for the highest $$ amount but that's ridiculously high. We've just had quality farmland in SW Iowa appraised for 9-10 per acre.


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    Re: iowa farm sold for $21,900/acre?!?!

    That person can't make that money up in their lifetime.



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    Re: iowa farm sold for $21,900/acre?!?!

    Must have something buried there!



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    Re: iowa farm sold for $21,900/acre?!?!

    That was the result of a ******* match between two loaded Dutchmen in Steve King country. Not an accurate reflection of the market.


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    Re: iowa farm sold for $21,900/acre?!?!

    I'd be pretty nervous buying land at that price.



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    Re: iowa farm sold for $21,900/acre?!?!

    Quote Originally Posted by ISUAgronomist View Post
    Probably not. How much of it was "Uncle Sam" going to commandeer in a couple months (again assuming a cash transaction)?
    I'm not sure what you're getting at here.



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    Re: iowa farm sold for $21,900/acre?!?!

    Quote Originally Posted by Al_4_State View Post
    That was the result of a ******* match between two loaded Dutchmen in Steve King country. Not an accurate reflection of the market.

    The Dutch - YouTube



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    Re: iowa farm sold for $21,900/acre?!?!

    Quote Originally Posted by Al_4_State View Post
    That was the result of a ******* match between two loaded Dutchmen in Steve King country. Not an accurate reflection of the market.
    Since it probably won't be the last ******* match between two loaded Dutchmen in Steve King country, it probably is a pretty accurate reflection of the market...


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    Re: iowa farm sold for $21,900/acre?!?!

    Thats crazy. So a little easy math here is that 80 acres x $21,900= $1,752,000. If this person went corn on corn and received $7 avg/bu they would need to sell 250,285 bushels or approx 3128bu/acre just to pay for the land. This doesnt take into acct the cost of inputs/taxes etc.


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    Re: iowa farm sold for $21,900/acre?!?!

    Quote Originally Posted by Al_4_State View Post
    That was the result of a ******* match between two loaded Dutchmen in Steve King country. Not an accurate reflection of the market.
    More importantly, do either of these gentlemen have non-hideous daughters in their 20s-30s?
    Although they can probably be hideous to be honest.



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    Re: iowa farm sold for $21,900/acre?!?!

    Quote Originally Posted by CykoAGR View Post
    Thats crazy. So a little easy math here is that 80 acres x $21,900= $1,752,000. If this person went corn on corn and received $7 avg/bu they would need to sell 250,285 bushels or approx 3128bu/acre just to pay for the land. This doesnt take into acct the cost of inputs/taxes etc.
    What's that about 15 years at best?



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    Re: iowa farm sold for $21,900/acre?!?!

    Quote Originally Posted by Guetterdone1 View Post
    That person can't make that money up in their lifetime.
    He could sell it in 10 years for $30,000/acre.

    That'd make up for it.



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    Re: iowa farm sold for $21,900/acre?!?!

    I could see it if its around their house but other than that?



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