date:Oct 29, 2012
A parcel of farmland sold for just shy of $20,000 an acre a year ago. Now, that $20,000 price point is already in the rearview mirror.
An 80-acre field in Sioux County, Iowa, sold Thursday for $21,900 an acre. The sale, conducted by Vander Werff Associates, Inc. of Sanborn, Iowa, featured four farmers -- not investors -- bidding beyond the $20,000 threshold, setting what Rich Vander Werff, the auctioneer conducting the sale, believes to be the highest price paid in history for farmland in Iowa