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Discussion Starter · #1 ·
80 acres, split by road, sold at auction, either one or both, two separate buyers.

Tract 1- 42.1 acres, 93.7 CSR, one grass waterway, real nice farm, $14,100/acre.

Tract 2- 36.99 acres, 90.2 CSR, slightly more waterways, good farm- not as smooth as tract 1, $12,500/acre.
 

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Discussion Starter · #5 ·
160 acre sale today sold in 2 tracts.

Tract 1 80 acres, 79.7 tillable, 92 csr, new tlie mains brought $11, 100/acre or $120/csr point.

Tract 2 80 acres, 70 tillable, 76 csr, pattern tile brought $10, 800/acre or $142/csr point.
 

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Discussion Starter · #7 ·
guys still hoping for a change around in markets.
I don't think that is the case. The last three years here have been extremely good, there has been a lot of debt retired and is a lot of cash on hand.

Simply put, there is a lot of money chasing land right now. I think it will take 3-4 years before the land price adjust majorly downward. Probably another 1-2 years before land rents start to back off.

That being said I would also estimate a 10-15% price reduction in the sale today. Two years ago the farm across the fence with a 92 csr brought $13,100.

Cash is high, money is cheap right now.
 
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