Minnesota land prices?

MichaelNEIowa · Jan 3, 2012

Just curious, what's the land like up north of the twin cities in Mille Lacs county?

I've seen a lot of former dairy farms for sale.

Is the land any good?

What's the going rate these days?

M Nut · Jan 3, 2012

That's the area I posted about last night if you read my posting. Mostly clay soils, quite rocky in places. Most bare with no buildings can be purchased for $1,000 per acre give or take just a bit. Most farmers in my area say a realistic corn yield is about 100 bushel per acre. Good hunting land with a mixture of fields, forest, and lowland actually sells for about double what the farmland brings.

GeneMO · Jan 3, 2012

Did anyone see the piece on the national news last night? About the boom in land prices and how it was better than gold?

They were in the Iowa area, prime farmland. They were talking about $6,000+ an acre.

Glad we bought ours in 1904 and 1937. Although my son did buy 120 acres in 2008. We thought it was borderline affordable at $2,400 an acre. Central MO.

Gene

CHinNY · Jan 3, 2012

Gene I seen a piece on the news on a farm being auctioned in Iowa and i believe it brought $10,600. per acre will see if i can confirm. Lancaster PA area they get 10,000-20,000 per acre for hillside farms Ed

Gun guru · Jan 3, 2012

Is there oil under the dirt or something?

gene bender · Jan 3, 2012

It sold for twice that but he has a dairy farm nest to it and story goes his wife had just got a big bundle of money from someplace. Farm near by had brought 16 or so an A Also the place that bought 20 bidder was prepared to go much higher. Now others wanted it or it sure would not have sold that high.

oliverlover982 · Jan 3, 2012

I live up in the pine county area and m nuts statement is about the same in our area also You can find some real cheap potential farm land but hunting / recreation land is ridiculous.

mnjoe · Jan 3, 2012

My wife just sold her farm..$5750 per acre. The price in our area is going down..but not much. 40 acre parcels will gring more than 160 acres.

Anonymous-0 · Jan 3, 2012

70 acres near Hul Ia recently sold for $20,000 an acre. Heard that a 240 acre dairy farmer bought it.

flying belgian · Jan 3, 2012

My relatives just sold 550 acres in so central Mn. divided into 6 different parcels. The top parcel brought over $10,000/acre with all sales averaging $9150/acre. This was well tiled farmland capable of growing 250 bpa corn and 60 bpa beans. At $7.00 and $12.00/per bushel respectively I don't think that is to much to pay. Before anyone says anything, I did not by any because I can't hardly take care what I got.

Brian Dan · Jan 3, 2012

A farm was just sold by Buffalo MN and they recieved $5500.00 per acre

David G · Jan 3, 2012

Most of the farm land here in East Central Iowa is going for around $10K per acre.

fixerupper · Jan 3, 2012

And he was prepared to go to $30,000. That's not at all indicative of the normal Iowa farmer. JIm

Anonymous-0 · Jan 4, 2012

Remember when house prices were doing the same? Everyone thought they would not come down. If the bottom drops out of commodities we will see it all over again except with land. Who knows what will happen.

GordoSD · Jan 4, 2012

Farmland in SD is appreciating at least 10% per year. Good rowcrop land in far east side is 5-6000.
Land in central portion 3000.
Ranches for cattle pastures in the west for 900 or less.
Little 1 acre lots in the black Hills for 80,000.

MichaelNEIowa · Jan 5, 2012

Can you point me to where you"re seeing 1k as the going rate for land up there? I ask because I"ve seen prices all over the map. I have some other questions. Email is open.

Minnesota land prices?

MichaelNEIowa

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M Nut

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GeneMO

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CHinNY

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Gun guru

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gene bender

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oliverlover982

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mnjoe

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Anonymous-0

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flying belgian

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Brian Dan

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David G

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fixerupper

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Anonymous-0

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GordoSD

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MichaelNEIowa

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