An eastern Iowa banker reports a 230-acre tract of farmland with no commercial development potential was sold last month at auction for a record $6,010 per acre.An eastern Iowa banker reports a 230-acre tract of farmland with no commercial development potential was sold last month at auction for a record $6,010 per acre. The previous record price for similar land was two weeks ago at $5,350/acre. The property, located in northern Clinton county
n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. farmer. Two months ago, Iowa State University Academics ISU is best known for its degree programs in science, engineering, and agriculture. ISU is also home of the world's first electronic digital computing device, the Atanasoff–Berry Computer. issued its annual farmland value survey that reported an average value of $3,200/acre in the state. "The Clinton county sale, obviously, establishes a new benchmark A performance test of hardware and/or software. There are various programs that very accurately test the raw power of a single machine, the interaction in a single client/server system (one server/multiple clients) and the transactions per second in a transaction processing system. for land values in the state," the banker said. Farmland prices and rents are soaring soaring: see flight; glider. soaring or gliding Sport of flying a glider or sailplane. The craft is towed behind a powered airplane to an altitude of about 2,000 ft (600 m) and then released. as a result of the run up in crop prices due to the skyrocketing demand by biofuels for feedstocks. Note: Since this news broke last month, reports have been received of Iowa farmland that was sold for $6,800 in the northwestern part of the state. |
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