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"It's set where there's a lot of powerful bidders and people capable of buying it."Ĭorn plants in a Hefty Seed Company test field yielded better-than-typical results after surviving drought conditions on Thursday, Augin Sioux Falls. "With commodity prices where they're at and yields where they're at, this land is set exactly in the right spot if you're going to have an auction sale," Owen said. More: Commercial, agricultural, home sales, property transfers for Minnehaha & Lincoln for Oct. Neighboring farmers bought three tracts and an investor bought another tract.īergh and Owen were expecting to sell the land around $8,000 to $10,000 an acre, Owen said, and were surprised when prices peaked at $12,000. The sale essentially settled an estate, with siblings who'd inherited the land selling off pieces for other investments. Average weight of land was 74 and sold for $874,500 ($11,000 an acre). Tract 4, 79.5 acres about a quarter-mile south of 174th Street along 453rd Avenue has 68 cropland acres. The land had a weighted average of 86 and sold for $1.7 million ($12,000 an acre). Tract 3, 142.47 acres on South Highway 81 on West 176th Street has 142 cropland acres. The land had a weighted average of 85 and sold for $1.6 million ($11,000 an acre). Tract 2, 148.58 acres near the northeast corner of 177th Street and 453rd Avenue has 146.83 cropland acres.
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The land has a Corn Suitability Rating of 90.4 (based on a 0 to 100 scale). Tract 1, 154.6 acres at the northeast corner of 176th Street and 453rd Avenue has 144 cropland acres.