Midwest Farmland Sales Vary by State, Price

Recent farmland sales in Iowa, Kansas, North Dakota, and South Dakota have seen varying prices per acre. In Iowa's Poweshiek County, a 233-acre farm sold for $1.9 million, averaging $7,900 per acre.

The property includes 45 corn base acres with a Price Loss Coverage yield of 116 bushels per acre, and 39 soybean base acres with a PLC yield of 37 bushels per acre. An 80-acre tract is 83% tillable, with a soil rating of 52. The farm also comes with a wind turbine lease.

In Kansas' Pottawatomie and Jackson counties, a 351-acre farm sold for $2.1 million, averaging $6,150 per acre. The property includes pasture land, hay land, and is comprised of four tracts.

North Dakota's Wells County saw a 501-acre farm sell at auction for $981,000, or an average of $1,975 per acre. A 331-acre parcel has a soil productivity index of 57.3, with the second 170-acre tract having a soil productivity index of 61.1.

South Dakota's Brookings County saw a 70-acre farm sell in two tracts at auction for $551,986, or an average of $7,886 per acre. The property includes 19 corn base acres with a PLC yield of 119 bushels per acre and is less than one mile from the Big Sioux River.