Yesterday, Iman Auction Company of Salisbury, MO, sold 100 acres of farmland near Brookfield, MO, for $600,000, or $6,000/acre. This shows that the farmland market is still holding strong, and considering that the tillable acreage of the farm was approx. 75 acres, the price per income producing acre was at the high end of the spectrum.
If you are out and about tomorrow in the Marshall, MO, area, be sure to join us at 307 E. Arrow Street for the Lamkin Antique Auction. This live estate auction features a family’s multigenerational collection of antique furniture, as well as a nice assortment of antique glassware, pottery, and other collectibles. The auction starts at 12 noon. Hope to see you there!