BOYDEN, Iowa | An 80.5-acre plot of Sioux County farmland on Thursday sold for what’s believed to be a new state record -- $21,900 per acre.
The land, near Kennedy Avenue and 330th Street, has an estimated corn yield of 110 bushels and soybean yield of 43 bushels, according to auction company Vander Werff & Associates Inc.
Company spokesoman Todd Hattermann would not disclose the buyer. The seller is Henry Boelsma, a longtime farmer.
The previous state agricultural sale record, set in December, was $20,000 an acre for a 74-acre plot near Hull, Iowa.
The Iowa State University Extension Land Value Survey last year estimated the average farmland value in 2011 was $6,708 per acre, up 32.5 percent from 2010.