A Missouri farmland auction broke the previous record set in Iowa as 115 acres of land sold for a record amount. The Missouri farmland sale smashed the previous record of $30,000 an acre set in Iowa.
The bill of sale from Dyer and Fenner Auctioneers said the record sale happened last week (Sept. 21, 2023) in Saline County, Missouri. Two farmers got into a bidding war, and, in only 15 minutes, the 115 acres set the new record at $34,800 per acre. The buyer wasn’t an investor. The winning bid came from a farmer named Jeff Baxter from neighboring Carroll County, Missouri. Area farmers say the competing bidder was a farmer whose home farm touches the land that was up for sale.
Farm Journal’s AgWeb says the bidding started at $15,000 an acre for the piece of ground that’s been in the same family for four generations, and the bids climbed very fast.
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