Back-to-back farmland auctions in Iowa and Kansas brought a total of $8,295,000 this week, demonstrating that the rise in land values extends to a variety of areas and land types.
"Both of these farms sold at very strong prices by historical standards in their respective pockets, showing once again that farmland values continue to show strength across the board," said R.D. Schrader, president of Schrader Real Estate & Auction Company, which conducted both auctions.
In Southwest Kansas, the company sold 699 acres for $1,825,000, with most of the tillable land averaging $2,952 per acre. In Southwest Iowa on the previous day, the company sold 983 acres for a total of $6,470,000.
Local investors and farmers continue to play a major role in many farmland auctions, according to Schrader.
For more information, visit www.schraderauction.com
or call 800-451-2709.