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Buyers not deterred by high interest rates

Here is a look at recent land sales in northeast and southeast Nebraska and Missouri.

November 30, 2022

2 Min Read
Irrigation equipment in field.
GOING STRONG: Interest rates haven’t dampened land buyer interest, according to BigIron Realty, which is based in Columbus, Neb. Curt Arens

Land is still selling well, and higher interest rates do not seem to be dampening the interest from buyers, according to BigIron Realty. Commodity prices, including corn and cattle, remain strong, contributing to buyer interest in land.

Based in Columbus, Neb., BigIron is a licensed real estate broker in eight states and compiles the reports for this column. However, not all sales are handled by BigIron each month. For more information, contact BigIron at 800-887-8625.

The following are several of the most recent sales in Nebraska and Missouri, this month all handled by BigIron:

Northeast Nebraska

Madison County. A total of 160 acres of pivot-irrigated land sold at online auction for $1,464,000. The farm is located southwest of Battle Creek and has good gravel road access. The pivot corners are enrolled in the Conservation Reserve Program. Included in the sale was a seven-tower Zimmatic pivot, a natural gas power unit with a generator and a gearhead with the pump. The property has the proposed TransCanada pipeline route running through a portion of it, and there is a wind lease and easement attached.

Southeast Nebraska

Lancaster County. A total of 80.49 acres sold at online auction for $768,679.50. This gently sloping, dryland farm makes a great addition to anyone’s operation. There is development potential, because the property is minutes away from Lincoln and just off Highway 34.

Missouri

Benton County. A total of 293 acres sold at online auction for $542,050. Located in the lush foothills of Lake of the Ozarks, the property offers beautiful stands of rolling hardwood timber, a spring-fed creek with a rock bottom, five established wildlife food plots and an accessible internal road system through the entire property. The sale included access to a private boat launch and a fishing and swimming dock on Lake of the Ozarks. It also included a three-bedroom, two-full-bath ranch home on a full, unfinished basement, complete with a wraparound porch, along with an in-ground swimming pool.

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