You can read the full article here: http://www.dglobe.com/content/land-sale-sets-new-record-nobles-county
"The winning bidders, Todd and Lorna Kruger of Sibley, Iowa, paid $13,000 per acre for the 156.8-acre parcel of tillable land, for a total price tag of $2,038,400. Sold by the heirs of Ella Mae Sall, the Prins-Sliver Auction Service saw brisk bidding among a field of regional bidders in the auction, according to Steve Prins."That was nearly $1,000 more per acre than the previous record sale price of $12,050 per acre, which was up from the previous record of $11,700. Farm land prices are jumping quickly in southern Minnesota, following trends in Iowa.
" 'As far as the buyers, we hope that the farming industry continues to be good -- it's been good for the past few years and that's the reason they can afford to pay these prices,' said Prins, adding that a healthy farm economy is good for the community and local businesses. 'You can't believe the number of people looking for land,' he added. 'We have got a list of people who want land so terribly bad that you can't believe it. That's what's driving the prices up. The corn prices, the bean prices have been good, but there's just such a demand.' "
If you're ready to see what prices look like in your area or you're ready to sell your farmland, please call me for an appraisal or real estate advice. I'd love to help!
Sincerely,
Noah Hultgren
noah@farmlandman.com
320-894-7528
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