Farm Sale

I attended a farm sale in Monroe County today.  717 acres sold at auction.  619 acres of it, about 580 tillable,brought over $6500 per acre and all sold to one bidder. about 340 acres of it was pretty good farmland for the Mississippi River bottoms in that area.  The rest of it was very wet.  Crops have been limited in that wet ground in the last 4 years.  98 acres unprotected by levees sold for a little over $2100 per acre.  Compared to $10,000 per acre land in the Illinois Prairie, this sale was probably about comparable.  There were over 200 in attendance, but only about 40 had bid numbers.  A very limited number of people were bidding.  One or 2 more serious bidders could have driven the price up a bit by putting in higher bids on the better ground.  The farmland part of it was bought by local people.  I am not sure about the hunting land.  The seller's agent seemed happy with the price.