Last year, $7 corn seemed to justify top-notch land at more than $6,000 an acre. Today, corn prices are hovering around $4 a bushel. What's that mean for land prices? Apparently, not too much.
I hung around the Kilton Farms Inc. Auction today (Jan. 21). Within the first 15 minutes, folks were bidding more than $6,000 an acre for flat, black and square tracts.
The crowd for the Kilton Farms Inc. Auction didn't disappoint. Aumann Auctions expected around 1,000 people to attend. For…