LAND MANAGEMENT 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 ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, researchers produce orange-colored corn with sight-saving capabi...
  • Strong Immunity Wins Two weeks after calving, cows lose body condition. But if she is short on nutrients, too, that dr...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Klinefelter: By the Numbers Farm lenders should halt their petty rivalry and focus on agriculture's best interest: Our nation...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • GOP Picks Conaway as House Ag Chairman The House Republican Steering Committee on Tuesday selected Rep. Michael Conaway, R-Texas, as the...
  • Head Start A Pennsylvania teen has two years of a farm-to-fork business under his belt and is looking to exp...
  • Woodbury: Farm Family Business One of the world's wealthiest families measures success not in dollars but in authenticity.
  • Ask the Vet A warning about bull breeding soundness.
Related News Stories
Stretching a State's Waters
Ag Land Prices Drop in Parts of Midwest
All Roughed Up
Web of Water - 4
Web of Water - 2
Web of Water - 3
Water in the Bank
Web of Water - 1
Voting on Conservation
CWA Rule Pressure