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Quality drives higher price for land in Sherman CountyQuality drives higher price for land in Sherman County

While land prices have softened with falling commodity prices, good Kansas land is still commanding strong bids.

Walt Davis 1

November 23, 2016

6 Min Read

While land prices have softened somewhat with the drop in commodity prices over the last two years, good land still brings out the bidders. An example was a sale of about 1,120 acres of cropland and grass in Sherman County at auction on Nov. 10. The land was sold in five contiguous tracts. The auctioneer's note described it as "some of the best land in the area" and noted it is near level to rolling cropland.

Tract 1, about 150 acres of cropland, brought the top price of the sale and was bid in at $2,200 per acre.

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Tract 2, about 300 acres of dry cropland with 150 acres planted to wheat, brought $1,500 per acre, while tract 3, about 160 acres with half of that planted to wheat, brought $1,600 per acre. Tract 4, about 160 acres with 104 planted to wheat, brought $1,850 per acre.

The final tract, about 310 acres with 41 in grassland and 148 acres planted to wheat, brought $1,100 per acre.

The seller was the heirs of the Marynell D. Reece Trust. Farm and Ranch Realty of Colby handled the sale.

Ford County
About 300 acres of cropland in Ford County was sold at auction in October. The land was sold in two tracts.

Tract 1, all dryland cropland, was about 156 acres and sold for $1,538 per acre. Tract 2, about 147 acres with 80.5 acres enrolled in the Conservation Reserve program, brought $1,224 per acre. The sellers were heirs of Larry Handshy Sr. Mark Uhlik handed the sale for Midwest Land and Home of Washington.

Cheyenne County
About 350 acres of Cheyenne County dryland cropland was sold by private treaty in October. The property brought $1,285 per acre. The seller was not disclosed. Jeff Dankenbring with Midwest Land and Home handled the sale.

Hamilton and Kearny counties
About 3,000 acres of land in two western counties came up for auction on Nov. 16. The land included Arkansas River bottom and sand hills grassland in Hamilton County and pastureland in Kearny County.

The property sold in four tracts.

Tract 1, about 900 acres of grassland, brought $410 per acre, while tract 2, about 340 acres of grass, brought $550 per acre. Tract 3, a 650-acre pasture, brought $420 per acre, while tract 4, about 1,110 acres of grassland, brought $175 per acre.

Stafford County
About 614 acres of Stafford County land was sold in five tracts at public auction on Nov. 10.

Tract 1, about 160 acres, sold with a 015 Valley Center pivot covering 130 acres, an electric pump, and a 760-gallon-per-minute water right No. 21033. There is also a new 195 acre-foot well drilled in January of 2013. Minerals remain with the seller until production ceases. The tract sold for $3,700 per acre.

Tract 2, about 154 acres of surface rights only, is equipped with a center pivot covering 119 acres and water right No. 39890. It sold for $3,500 per acre.

Tract 3, surface rights to about 150 acres with center pivot covering 116 acres and water right No. 39889, was bid in at $3,300 per acre.

Tract 4, surface rights to about 140 acres of dry, open cropland, sold for $1,510 per acre.

Tract 5, the producing mineral rights to the tract 4 acres, includes five oil wells that produced 2,418 barrels of oil in 2015. It was bid in at $88,500.

The sellers were Widener Farms LP and A.C. Widener Farms Inc. Carr Auction and Real Estate of Larned handled the sale.

Edwards County
About 1,577 acres of dry cropland was sold at auction on Nov. 15 in Edwards County. The land was sold in six tracts.

Tract 1, about 160 acres of clean wheat stubble, sold for $2,525 per acre, while tract 2, also about 160 acres in clean wheat stubble, brought $1,800 per acre. Tract 3, also 160 acres with half planted to wheat, brought $2,020 per acre.

Tract 4, totaling 154 acres, had 127 acres of dry cropland and 25 acres of pasture and brought $1,325 per acre. Tract 5, about 770 acres of fenced pasture, cross-fenced and plumbed for water distribution, brought $725 per acre.

The final tract, about 173 acres with 145 in dry cropland, 16 acres in CRP and the balance in grass waterways, sold for $1,400 per acre.

The sellers were Froetschners, Hommertzheim, Musick Trust and Wetzel and Young. Carr Auction and Real Estate handled the sale.

Pawnee County
About 160 acres of Pawnee County land, 432 acres in Roundup-Ready alfalfa and 15 acres in grass, was sold at auction on Nov. 15. The land brought $1,300 per acre.

The sellers were Froetschners, Hommertzheim, Musick Trust and Wetzel and Young. Carr Auction and Real Estate handled the sale.

McPherson County
Two farms in McPherson County were sold in October.

On Oct. 26, about 95 acres of cropland sold for $3,500 per acre in a public auction. The seller was the Elenor Clark Trust.

On Oct. 24, about 160 acres of cropland was sold by private treaty. The property brought $2,800 per acre. The seller was the Fern Klaassen Trust.

Chris Ostmeyer with Farmers National Co. handled both sales.

Decatur County
The sale at auction of about 1,200 acres of Decatur County land closed on Sept. 26. The property included both dryland and irrigated acres. Tract 1 was about 140 acres of corn and 15 acres of native grass. Tract 2 was about 2,135 acres with 76 acres in wheat stubble and 156 fallow acres. Tract 3 was 152 acres in milo. Tract 4 was 317 acres, with 158 acres in wheat stubble and 158 acres fallow. Tract 5 was 128 irrigated acres with a center pivot and Field Net system. The land sold to one buyer for $1,687 per acre. The seller was the Tom Martin Trust. Farmers National Co. handled the sale.

Sumner County
The sale of about 792 acres of Sumner County cropland, all highly tillable and all planted to wheat, closed on Sept. 16. The land sold in seven tracts ranging from 80 to 280 acres. The property brought $2,123 per acre. The seller was Wolf Family Farms. Farmers National Co. handled the sale.

Rawlins County
About 800 acres of Rawlins County land sold at auction in August in a deal that closed Sept. 29. The land sold in five tracts.

Tract 1, about 160 acres in growing wheat, brought $1,525 per acre. Tract 2 was about 320 acres with 274 in cropland and 130 acres of that in growing wheat, about 145 fallow acres and 325 acres of off-season pasture. It brought $1,566 per acre.

Tract 3, about 160 acres in growing wheat, brought $1,800 per acre, and tract 4, about 160 acres with 132 in summer fallow and 22 in off-season pasture, brought $1,175 per acre.

The seller was Solko Russell. Farmers National Co. handled the sale.

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