There's a new record for the sale price of Iowa farmland. A 74-acre parcel in Sioux COunty was sold for $20,000/acre. The seller was a man from Washington State, and the buyer was a neighboring farmer. The Des Moines Register reports the previous record was set in October when a 120-acre parcel near Sioux Center was sold for close to $17,000/acre. The Federal Reserve Bank of Chicago last month said Iowa farmland has gone up in price as 'stunning' 34%.
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