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Stock Realty and Auction reports farms listed for sale asking last year's prices aren't selling; the few offers that are coming in are 20% below listing price.

August 10, 2016

2 Min Read

Stock Realty and Auction reports there are few farms selling. Farms listed for sale that are asking last year's prices are not selling, and the few offers that are coming in are 20% less than listing price.

Cattle and commodity prices are low. Farmers with money are sitting quiet, and farmers who are borrowing are not getting their banker's permission to buy land.

Stock Realty and Auction Co., St. Edward, a licensed real estate broker in eight states, compiles the reports for this column, but not all sales are handled by Stock each month. Contact Stock at 800-WE-SELL8 (937-3558). The following are several of the most recent sales.

East

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Colfax: 40 acres sold for $200,000, or $5,000 per acre. This farm is in the Conservation Reserve Program, with the opportunity to resign, let it expire and put it back to production; or have a very nice spot to build a home. This property is just minutes from Columbus. — Compliments of Stock Realty & Auction Co.

Northeast

Cedar County: 160 acres sold for $1.16 million, or $7,250 per acre, at auction. This is a level to gently sloping farm, all tillable with good drainage. It is located in the Lewis and Clark Natural Resource District, where development for irrigation is still permitted. — Compliments of Farmers National Co.

Knox County: 145.86 acres sold for $299,631 at auction. This property consists of productive pasture with two-plus dams and an electric submersible well; an excellent tree belt offering winter protection for livestock; and 12.86 acres of dryland crop ground. — Compliments of Farmers National Co.

North

Holt County: 120 acres sold for $444,000, or $3,700 per acre. This is a top-quality dryland farm that borders a blacktop road and is only 2.5 miles east of Highway 281. — Compliments of Farmers National Co.

Northwest

Cheyenne County: 160.5 acres sold for $180,000. This is a dryland farm comprised of 152 cropland acres with Class I soils. The farm has historically been operated in a three-crop rotation and has all the attributes for high production. — Compliments of Farmers National Co.

Source: Stock Realty and Auction Co.

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