Yeah, that's pretty pricey. I get my bags of Two-Row (Rahrs) from my local homebrew shop for $37.80+ tax after a 10% brewclub discount off their normal $42.00 price.
Briess Two-Row is about $70-75 shipped (around $40-45 PLUS $25-30 shipping) everywhere I can find, though, so you are still saving over shipped, and saving about $0.70/lbs over small batch prices.
For future reference, $57.00 shipped for Schreier 2-Row Pale 50 lbs from www.maltbuythebag.com. Never head of Schreier, but I've used several types of two-row, and never noticed a difference in quality between the brands. I'd be much more concerned about name brand in specialty malts and european base malts.