Amid Low Market Inventory, Spring Sales Still Strong

Despite lingering economic uncertainty and softening demand in some areas, high-quality farms continue to attract strong interest from buyers—particularly when listings are scarce. Low inventory levels this spring have helped support land values, and recent sales across the Midwest reflect ongoing competition for well-rated farms. Below are several notable sales from the first quarter of 2025.

IOWA

161.34 acres in Hamilton Co., IA, located southeast of Jewell, sold via One-Chance Sealed Bid Sale in late-February. The farm had 150.26 tillable acres with an additional 5.40 acres in CRP. The CSR2 rating on the tillable and CRP acres was 83.10. There was a pipeline crossing the property. Farm sold to a farmer-buyer at $15,101/Ac., or $195.12/ CSR2 point/tillable acre.

95.80 acres in Jones Co., IA, located southeast of Monticello, sold via private treaty in mid-January. The farm, consisting of 92.58 tillable acres with a CSR2 rating of 91.20, sold for $18,528/Ac. or $210.22/CSR2 point/tillable acre to a farmer-buyer.

ILLINOIS

41.58 acres in Shelby Co., IL, located south of Findlay, sold via Virtual Online auction in early- March. This property was nearly all tillable with 40.42 FSA crop acres and a PI rating of 144.00. Farm sold to a local investor at $18,500/Ac., or $132.16/PI point/tillable acre. 64.75 acres in Ogle Co., IL, located northwest of Hillcrest, sold via private treaty in early January. The farm had 64.40 tillable acres with a PI rating of 140.80 and sold to a farmer-buyer. Sale price was $14,000/Ac., or $99.97/PI point/tillable acre.

MINNESOTA

80.57 acres in Sibley Co., MN, located west of Winthrop, sold via Hybrid auction in mid-March. The property had 77.10 tillable acres with a CPI rating of 93.90. It sold to a farmer-buyer at $14,100/Ac. or $156.92 per CPI point/tillable acre.

NEBRASKA

159.26 acres in Antelope Co., NE, located southwest of Creighton, sold via Virtual Online auction in late-February. This irrigated farm had 149.43 tillable acres with an NCCPI rating of 57.60. There were an additional 4.75 acres enrolled in CRP. The property sold to a farmer-buyer at$11,000/Ac. or $202.86/NCCPI point/tillable acre.

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