(Midwest) – Prices for farmland in Iowa and surrounding States during the first three-months of 2024 approached nearly $30,000 per acre. That’s according to a report by Successful Farming, which shows on average, prices ranged from a low of $7,000 to $16,250 per acre. The highest price in Iowa was $29,600 per acre near Orange City, in northwest Iowa’s Sioux County.

Two tracts of land amounting to slightly more than 117.4-acres, sold on Feb. 27th for a total price of approximately $3.5 million. Both tracts had easements with Summit Carbon Solutions, a carbon pipeline company. Five tracts located near Sioux Center, Iowa, were sold at public auction on March 7th, for a total of about $7-million.

Feb. 23rd, on farmland located 7 miles southwest of Sheldon, Iowa, 80 acres were sold at public auction for $20,300 per acre, for a total of roughly $1.6 million.