Highlights from Q4 2023 farmland sales

Here’s a quick look at six farmland transactions that transpired in the last quarter of 2023 across North Dakota, Minnesota, Wisconsin, Iowa, Missouri, and Illinois. Prices ranged from $20,750 to $6,917 per acre.

1. 320 acres sold in two tracts in Pembina County, North Dakota

Sale price: $17,500 per acre 

Date: Nov. 1, 2023

Productivity index (PI): 87.1

This was a record-breaking sale for the state of North Dakota.

2. 80 acres in Nobles County, Minnesota

Sale price: $20,750 per acre

Date: Oct. 31, 2023

PI: 94.7

This was one of nine separate tracts sold for a total of 770 acres. Located adjacent to the city of Worthington, Minnesota, this tract generated interest due to its potential development opportunities.

3. 111-acre farm in St. Croix County, Wisconsin

Sale price: $13,000 per acre

Date: Oct. 19, 2023

Located in St. Joseph Township just minutes from the St. Croix River Crossing and Stillwater, Minnesota, this property was coveted for its development opportunities.

4. 80 acres in Poweshiek County, Iowa

Sale price: $20,700 per acre

Date: Oct. 18, 2023

Corn suitability rating index (CSR2): 91.2

The 98%-tillable farm was flat to moderately rolling with a few D slopes up to 14% on the west edge of the farm.

5. 3,300 acres sold in 21 tracts in Andrew, Gentry, and Nodaway counties in Missouri

Sale price: $6,917 per acre

Date: Oct. 25, 2023

Tract offerings ranged in size and were highly tillable overall with 3,003 tillable acres with Class II and Class III soil classifications, 3 CRP acres, and the balance non-crop.

6. 71 acres in Sangamon County, Illinois

Sale price: $20,100 per acre

Date: Oct. 22, 2023

PI: 141

The 96%-tillable farm includes highly productive Class A soils, including Ipava, Osco, and Sable.

Produced in partnership with American Farmland Owner (AFO). AFO aims to help landowners make informed decisions for their farmland while ensuring the prosperity of American agriculture.