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Iowa Farm Sells for $21,800 per Acre: What the Sale Shows

A Sioux County farm sold for $21,800 per acre at an online-only auction in December 2024. Here are the property details and how the transaction compares with other reported sales.
From TheFinanceBase Team2 min to read
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A 161.62-acre farm in Sioux County, northwest Iowa, sold at an online-only auction on December 12, 2024, for a reported $21,800 per acre. The transaction totaled $3,523,316 and included 156.94 cropland acres; Successful Farming reported a Corn Suitability Rating Index (CSR2) of 94.7 for the property.

What sold in Sioux County

Successful Farming reported the sale in an article published April 1, 2025. The property was described as highly productive, level to gently rolling, and extensively managed in recent years. The report attributed strong bidder interest to its location and soil productivity, but did not provide a full appraisal or independent analysis establishing why it achieved that price.

  • Sale date and method: December 12, 2024, by online-only auction.
  • Total area: 161.62 acres, including 156.94 acres of cropland.
  • Reported price: $21,800 per acre, or $3,523,316 total.
  • Reported CSR2: 94.7.

How it compares with the other sales in the report

The same Successful Farming report described two nearby-region transactions from December 2024 and January 2025. They provide context, not a like-for-like valuation: each property differed, and the report does not supply enough detail to establish direct comparability.

Location and sale date Reported sale Details reported
Sioux County, Iowa — December 12, 2024 $21,800 per acre 161.62 acres total; 156.94 cropland acres; CSR2 94.7; $3,523,316 total.
Lyon County, Iowa — January 15, 2025 $21,700 per acre 80 acres in Richland Township; approximately 77.41 tillable acres; CSR2 67.5. The report noted proximity to grain elevators, feedlots, and dairies.
Rock County, Minnesota — December 19, 2024 $16,600 per acre Two tracts totaling 153.14 acres: 80.47 and 72.67 acres. The report described productive soils.

These are individual reported transactions, not a statewide average or evidence that another Iowa farm should sell for $21,800 per acre. The Sioux County price belongs to that specific property and auction.

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What a buyer or seller should compare

A useful valuation comparison requires more than matching a headline price per acre. The report does not provide the information needed for a rigorous comparison of these farms. For a property-specific assessment, relevant factors include:

  • Local comparable sales: recent transactions in the same area, with sale dates and terms considered.
  • Soil productivity: CSR2 or other relevant soil measures, interpreted alongside the land’s actual characteristics rather than as a standalone price predictor.
  • Land mix: total acres versus cropland or tillable acres, since those figures are not interchangeable.
  • Parcel characteristics: size, layout, drainage, and access.
  • Transaction terms: lease or possession arrangements and other sale conditions.

The report does not establish that CSR2 alone explains the Sioux County price, nor does it provide enough detail to isolate the effect of any one feature.

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Source and scope

The transaction details and comparisons above come from Dave Price’s Successful Farming report, “Iowa Farm Sells for $21,800 per Acre,” published April 1, 2025. It is a secondary report of the sales; it does not present a deed, auction record, statewide market statistic, or independent market dataset.

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