Wednesday, June 29, 2011

Laurens Farmland Auctioned at $8980/Acre

An eighty acre farm field near Laurens sold today for $8980 per acre. The auction was held at the Amvets Hall in Havelock. About fifty people attended.

The property is bordered on two sides by roadways, leaving 76 acres of crops. Its corn suitability rating (CSR) is 80.2 which is high for Iowa farmland. The bid price is $112 per CSR point. Early this spring land at Rolfe sold for $101 per CSR point. Earlier this month Pocahontas land was auctioned at $106 per CSR point.

The land lies southeast of Laurens. It was owned by the children of Mary Kees and has been farmed by Bill and Christie Mather. It was purchased by Cindy Dubbert who lives nearby.

During the auction the price of corn was near $7 a bushel at the local markets. Soybeans were near $13. Both markets were up from the previous week.

No comments: