What is Land Selling for This Month

What is Land selling for in Iowa, Wisconsin, or Minnesota? Land prices in the month of February 2020 were similar to January; trending up over last year with many new buyers coming into the market and many new listings, land rental availabilities, rural homes and land auctions hitting the market. We also have seen many new buyers entering the market exiting the stock market.

Land prices in the tillable sector ranged from $4,500-$11,000 per acre across our entire service area. This is a large range and was primarily based on quality, tile, drainage, buildable sites, access and location to grain markets. In South Eastern Minnesota Land Prices were in a tighter range from $5,000-$7,500. We do have a very high quality tillable tract coming on the market in MN with a wind rights payment over $8,000/acre. In Iowa land prices were easily calculated based on the CSR2 rating ranging from $90-$120/CSR2 Point. In Wisconsin tillable land prices ranged from $4,500-$12,250/acre increasing in price the farther south the farm was located. We have nearly 1,500 acres scheduled for public auction in three states this April that will give us a very good value range of all qualities in the public auction market. Farmland Leases ranged from $175-$300/acre depending on term and quality of the land.

Hunting land prices had an overall increase as well with timber quality, buildable sites, hunting neighborhood, income opportunities, and creek access leading the top interests. Hunting land leases have a similar quality to tillable land, all based on how the buyer wants to utilize the property. Hunting land with good top access, buildable sites for a home or cabin, and private trout fishing leads the value scale at an average of $4,000-$5,000+ per acre across most of our service area. Hunting leases for deer and turkey ranged from $10-$50+ per acre.

High Point is expanding our service area and has many land agent positions available on our careers tab of our website. We have been very blessed by wonderful clients and hardworking staff. If you know someone who is a great salesperson looking for an exciting career, we would be happy to talk to them. Thank you for a great start to first quarter and keep our agents in mind for helping find you a quality rental tenant or in any land buying or selling situation.

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