What is the value of an acre in your area?

[htismaqe]

Originally Posted by Iowanian

There are extenuating circumstances regarding most of those farm sales that go for big money. I know of one 40 that went for $29k per acre in NE Iowa.

Most times, when you're seeing those numbers larger than 10k/acre, which is still ridiculously high, it's because 2 neighbors are fighting over it, it connects to their farms, finishes a section/half section. Sometimes they just want it to square up the farm and get what's close, other times they're buying it so the other guy they don't like can't have it.

Either way, it will never pencil if they're not using a lot of already paid for acres to fund it.

NE Iowa has some of the best soil on the planet, FWIW.

[Buehler445]

For the OP, if it is tillable, 1500-2000 dryland. I have no idea what irrigated will go for. If not tillable, proximity to town, roads, water availability will determine the price.

Originally Posted by htismaqe

Yep. The smaller the parcel, the more premium per acre.

This. Times 1 billion. Homesteads are a pain in the mother****ing ass. Not only does it FUBAR your square field, but you also have to deal with the neighbors that probably don't know a goddamn thing about Ag. So they'll freak the **** out and threaten to sue if you ding their tomatoes with a little sniff of 2-4D. Get all pissed off if you harvest and blow dust in their yard. And my god, if you stockpile manure within 200 miles of their house, watch the **** out.

Originally Posted by htismaqe

NE Iowa has some of the best soil on the planet, FWIW.

It's not just the soil. It is the climate and rainfall pattern.