Winona Co. farm sells for $2.7M

Published 10:15 am Thursday, September 20, 2012

WILSON — An auction in Winona County seems to reflect the rising cost of farmland in Minnesota.

One parcel at a farm near Wilson generated more than $14,000 per acre, nearly double the top price for farmland last year. The farm, with its 336 acres of land, machinery, equipment and crops, collectively sold for about $2.7 million Tuesday.

Winona County Recorder Bob Bambenek said that last year’s high price for farmland was $7,500 an acre. This year, the county had several land sales between $7,000 and $8,700 an acre, with one 14-acre farm in Warren Township at more than $10,000 an acre.

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Larry Brand farms near Nodine. He was priced out of any purchase Tuesday. Brand said anything more than $4,000 an acre for farmland makes it impossible to earn a living.

“If it stays at $8 a bushel for corn, you can make money at $8,000 an acre,” Wayne Stiever of Lewistown told the Winona Daily News. “But what if it goes back down to $4? It’s a bad deal for everybody.”