SOLD! 230-acre Iowa century farm brings nearly $4 million at auction

Before the auction, tenant Paul Kock spoke to the crowd. He is the third generation of his family to farm as tenants on this property. “The Kock family moved onto this farm in 1929, and we’ve been blessed to be farming it for about 94 years,” he said. “This is some of the best ground in the world. The fertility has always been great.”

There were three rounds of bidding for each tract, with three different buyers in the lead after round two. When the final round was finished, however, the same buyer came away with all three pieces of ground, bidding a total of $3,910,954 for the entire farm.

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The current state record for farmland sales in Iowa is $30,000 per acre, brought by 73.19 acres of ground in Sioux County in November 2022. 

In February of this year, two tracts of farmland in Sioux County sold for $29,600 per acre. Those tracts had average CSR2 ratings of 99.7 and 99.1. 

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https://www.agriculture.com/sought-after-iowa-farm-hits-the-auction-block-8620248