Behr Auction Service, LLC sold 90+/- acres in Worth County at Fertile, Iowa. Mc Grath farm had been in family 152 years since 1869. Farm sold for $837,000. Auctioneers Cory Behr and Dennis Behr.
In my part of Missouri it's $6000 per on a farm that is 50% till-able 30% pasture and hay 20% timber and draws. County averages say you gotta farm it for 50 years with only 4 bad years (none within 10 years of the last) to pay for half of it then hope your youngest grandkid wants to be a farmer for life. And they wonder why the average age of the American farmer is the only profession higher than the average age of the American trucker...🤔
Northern Illinois land goes for 9,500.00 to 12,000.00 per acer. A German investment firm just paid 17,000.00 per acre Dekalb county Illinois. Add solar and windmills to that . A young fella or a guy trying to pick up another 80 acres is about done with . Cash rentals 275 to almost 500. Per acre .
They didnt overpay if they can keep it in the family it will eventually be paid off, might be a couple generations. I worry that land has went crazy because there is nowhere else for the money to go w/regard to inflation.
During a visit with my son in Heidelberg, a US Army soldier 15 years ago, I remember the layout of the Autobahn. Not near as much land was taken compared to Interstate highways in the USA.P.S. Noticed, for the first time, the production of 'white' asparagus!!!
