Iowa Agribusiness Network reports:
Not one but two tracts of farmland in Sioux County, Iowa, sold for a near-record $29,600 per acre in a public auction this week. In November 2022, a sale of 73.19 acres in the same county sold for the current state record of $30,000 per acre.
A spokesman for Zomer Company Realty and Auction confirmed the Ken and LaDonna Huisman farmland sale totaled 117.41 acres on February 27. The first tract of land was made up of 40 acres and featured half-mile-long rows. With a road and ditch on only one side of the field, 98.7 percent of the tract is tillable.
Tract number two is 77.41 acres that are also bordered by one road and is 98.7 percent tillable with half-mile-long rows. Both tracts are subject to a signed easement with the Summit Carbon Solutions pipeline project. The buyer will receive the crop damage payments from Summit at closing.
