Nebraska Farmer Logo

Scarcity of farms on the market boosts land sale valuesScarcity of farms on the market boosts land sale values

Land Sales: The latest land sales in one county in Nebraska, one county in Kansas and two counties in Illinois.

February 5, 2025

2 Min Read
sorghum field
NOT MUCH ON THE MARKET: Lack of farmland for sale right now continues to boost land values, says Ron Stock with BigIron Realty in Columbus, Neb. This month, reports came in from one county in Nebraska, one county in Kansas and two counties in Illinois. Farm Progress

By Ron Stock

Farm real estate is selling very well right now because there is a scarcity of land going on the market. Currently, the marketing time for a farm is about 60 days.

Nebraska

Cass County. A total of 156.65 acres sold at online auction, bringing $10,210/acre or $1,599,396.50 in two tracts. Tract 1 is 80 acres, and Tract 2 is 76.65 acres. Both tracts are adjacent to each other and are highly productive farmland with stunning views overlooking Church Road, located just ½ mile to the north on elevated terrain. This exceptional property offers not only excellent farming potential but also the perfect spot for building a homestead or housing development. Featuring top-tier soil primarily made up of Marshall silty clay loams, this land ranks among some of the most fertile in Cass County. (Courtesy of BigIron Realty)

Kansas

Reno County. A total of 158.4 acres sold at online auction, bringing $4,500/acre or $712,800. This farm is one of the most productive cropland quarters in Reno County. It’s 6 miles west of Hutchinson, at the intersection of paved 4th Avenue and paved Nickerson Road. The Central Prairie Coop Agronomy Center is immediately across Nickerson Road to the west. It has 156.67 acres of tillable cropland. Soils are 85.4% “prime” Class 2 and 14.6% soils of “statewide importance,” according to the Natural Resources Conservation Service. The “prime” soil is highly productive Taver silt loam 0%-3% slope.  Grain sorghum was planted for harvest in 2024. It has an FSA wheat base of 152.81 acres with a 48-bushel FSA payment yield. An oil well on the property pumped 206 barrels in 2023. The buyer received the sellers’ .04166670 share. (Courtesy of BigIron Realty)

Related:Some landowners decide it’s time to sell

Illinois

Pike County. A total of 154.09 acres sold at a virtual online auction, bringing $14,300/acre or $2.17 million. The farm contains 154.09 taxable acres and was sold in one tract. This ideally located property is on the southeast side of Pittsfield, Ill., and offers outstanding tillable land, recreational opportunities and home-building sites. (Courtesy of Sullivan Auctioneers, a BigIron company)

Stark County. A total of 155 acres sold at a virtual online auction, bringing $14,000/acre or $2,203,487. The farm represents high-quality, productive farmland in this part of Illinois. (Courtesy of Sullivan Auctioneers, a BigIron company)

Based in Columbus, Neb., BigIron, a licensed real estate broker in eight states, compiles the reports each month for this column. However, not all sales are handled by BigIron each month. For more information, call BigIron at 800-887-8625. Stock is co-founder of BigIron Auctions and Realty with his brother Mark.

Subscribe to receive top agriculture news
Be informed daily with these free e-newsletters

You May Also Like