North of me just a couple miles was a lop and auction a few weeks ago. Here in southern MN.
A state highway cuts them in half diagonally, so not square, not full 80s. One side has the old farm yard on it, no usable buildings, old grove is all, it's declared a wetlands so you can't even clear it here in my state. The rest is rolling hills and pretty wet. Typical ground for around here, good, but not at all perfect. Will take $700 an acre tile to make the ground good. The other side is about the same, but no declared wetlands so can farm it all.
The better side was bid to $6800, the side with the grove was bid to $6200. No sale.
I heard later the owners had a minimum of $8000 an acre on it.
Has had for sale signs up now for a couple week, them last week it said sold.
Haven't heard if they got a better offer or not over the auction price. Probably have to wait until the county online property look up gets updated in the next 6 months.
4 years ago some land nearby sold for $10,500. That's crazy for the rolling hills, wet ground we have in these parts.
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