Land sale sets record in Nobles County
WORTHINGTON — The sale of one parcel of agricultural land in Worthington Township on Tuesday set a new record high in Nobles County.
The winning bidders, Todd and Lorna Kruger of Sibley, Iowa, paid $13,000 per acre for the 156.8-acre parcel of tillable land, for a total price tag of $2,038,400. The land was one of three parcels sold by the heirs of Ella Mae Sall.
The Prins-Sliver Auction Service saw brisk bidding among a field of regional bidders, according to Steve Prins. He said bidding started at $8,500 per acre and climbed to the $13,000 final bid within 15 minutes.
The previous record-high land price paid in Nobles County was $12,050 per acre, according to Nobles County Assessor Joe Udermann. Prior to that sale, the highest per-acre price paid was $11,700.
The $13,000 per-acre price was paid on land with a crop equivalency rating of 87. That figure is often used to gauge the productivity of the land through factors such as soil type, climate, crop combinations, market value of crops and cost of production, according to the Minnesota Geospatial Information Office’s website.
"It had a high crop rating — a high soil type," Prins said.