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Land prices continue to climb

An ag real estate expert says the high price tag on land shouldn’t shy farmers away from making purchases.

Randy Dickhut with Farmers National Company says there’s been an increasing number of $20,000-plus per acre sales. “Those are the ones that everybody sees and has been written about,” he said, “but a lot of land trades for much less than that. You’ll see a lot in that eleven-to-sixteen-thousand-dollar range too.”

He tells Brownfield there are several factors contributing to the extra-large dollar amounts. “The highest best quality will bring the highest price,” he said. “It also depends on location, and it depends on the local market – who the bidders are and if they are aggressive. It also depends on how much land gets sold in that area.”

High Point Land Company recently reported an Iowa farmland sale of $30,000 per acre in Dubuque County.