Sold! For a Million Dollars

Cody Staudt Rockwell, Iowa

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Rockwell, Iowa – 20 year old Cody Staudt fell in love with farming at an early age.

“Love the enjoyment of being out there and spending time with my family. It’s a great way to spend time with my Dad. When I was little wasn’t very fun now I’m always with him. I see him more than I see anybody else,” said Staudt.

You can say it’s a generational thing.

His grandpa farmed, which led to his dad farming, and now its Cody’s turn.

“When I could reach the pedals, so 10 years kind of, more or less five years,” said Staudt.

And now he is ready to step up.

There’s 80 acres of land to be sold and Staudt has his eye on the prize.

But it can be an expensive investment.

Cory Behr, with Behr Auction Company, says land value in Iowa is starting to peak.

“Farmland value has continued to remain strong almost up 30 percent in the last year alone. Still in very good demand for soil,” said Behr.

Behr emphasized it’s that Iowa soil that’s making those farming lands worth thousands.

“Better soil types are bringing better prices. We’ve see anything from 100 per CSR point up to 180 dollars per CSR point,” said Behr.

And so in between laughs and stern discussions, farmers and investors cast their bid.

The land was sold for $14,100, but multiply that number times 80 acres and you have land that is sold for $1,128,000.

The lucky buyer is none other than Cody Staudt himself.

“Its great investment everybody return, everybody says how great the returns are they’re right.  It’s a nice chunk but it’s a nice piece of land,” said Staudt.

And in two weeks Staudt will start to plant the seeds of his investment.

“Hopefully put crop in it. Hopefully in a couple weeks if it ever warms up,” said Staudt.

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