FARM BUSINESS NEWS
Farmland: Trophy or Investment?
Marcia Zarley Taylor DTN Executive Editor
Mon Jul 28, 2014 10:13 AM CDT

HADDONFIELD, N.J. (DTN) -- When Farmers National Co. sold another 80-acre Sioux County, Iowa, farm for $20,300 per acre this month, observers chalked it up as another trophy sale. The buyer won't necessarily expect a competitive return on investment anytime soon, but did acquire a prized possession.

Local farmers of Dutch descent still possess plenty of cash, feel prime farmland remains scarce and are willing to pay premiums for certain properties (usually when bidding against the farmer next door), realtors explained.

"If anyone spends $20,000 per acre on Iowa farmland, it's in Sioux County," said Dave Englund, a senior vice ...

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