Out-of-county buyers purchase bulk of ag land
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Over the coming weeks the Record-News will examine property sales data for 2019 available on the Ringgold County assessor web page (http://ringgold.jel2.com/cgi/wiki.pl?Sales_Property_Cards).
This week the series continues with a focus on ag property sales across the county.
In 2019 42 ag properties changed ownership or shared ownership.
From a low of $2,000 for a one-acre plot in Monroe Township to a high of $1.082 million for a 253-acre property in Jefferson Township, all transactions totaled over $12.2 million, an average of $290,640.52 per sale.
Six properties sold in excess of $600,000.
In all, 3,826 acres changed hands, an average of just over 91 acres per sale.
Total per acre prices averaged $3,190. The highest per acre price was $4,800 for a 156 acre tract in Lincoln Township. In all, 12 properties sold in excess of $4,000 per acre.
The lowest per acre prices were $133 for 18 acres in Riley Township, $468 per acre for 95 acres in Lotts Creek Township, $663 per acre for 196 acres in Clinton Township, and $787 per acre for 40 acres in Lotts Creek Township.
Riley Township in the far southeastern corner of the county recorded six transactions, followed by Lotts Creek (just west of Riley) and Rice Township (southwest of Mount Ayr) with five each.
Only 13 of the deeds to the 42 properties remained with owners with mailing addresses within Ringgold County.
A total of nine owners reside in Union or Decatur counties, while another 10 came from cities in Iowa. The purchasers of the two largest tracts reside in Lamoni (240 acres) and Ankeny (253 acres).
Three properties covering 123 acres were purchased by the Iowa Department of Natural Resources in Des Moines.
The ownership of 880 acres went to out-of-state purchasers residing in Nebraska, Missouri, Florida, Washington, Kentucky, Minnesota, North Carolina, and California.
