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Serving: NE

Cropland, pasture ground in demand

Curt Arens Tractors in pasture
STILL HOT: Land values on pasture and crop ground alike continue to run hot in spite of rising interest rates, according to BigIron Realty, based in Columbus, Neb.
Land Values: This month we look at recent land sales in Nebraska and Kansas.

Land is still selling very high and is 20% or more higher than a year ago, according to BigIron Realty. There is a feeding frenzy for both cropland and pasture ground. Interest rates are up but still affordable. The approximate marketing time to sell a farm is 45 to 60 days.

BigIron Realty of Columbus, Neb., a licensed real estate broker in eight states, 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, this month all handled by BigIron.

NEBRASKA

NORTHEAST

Antelope County. A total of 237.32 acres sold at online auction for $925,548. This productive farm is rolling, well drained and has approximately 14 acres of trees that have supported deer for hunting in previous years. It has great access from the east by a well-maintained gravel road. There is a newer grain bin that did not go with the sale and was surveyed out prior to closing. There is an easement for access from the end of the road on the east side of the property, past the grain bin. The certified irrigatable acres have been transferred from this farm previously by the seller. There are an underground irrigation pipe and wiring that were removed prior to the sale.

SOUTH

Gosper County. A total of 320 acres sold for $2,080,000. This farm is a very productive pivot-irrigated farm. It lays flat to rolling, has good gravel road access and is only 4 miles off of Highway 283. Included in the sale was an 18-tower Reinke pivot and 100-horsepower electric motor. The property has 307.3 farmable acres, and according to Tri Basin Natural Resources District, there are 270.74 certified irrigated acres.

KANSAS

Reno County. A total of 79.06 acres sold at online auction for $268,804. This property is a hunter’s paradise with outstanding wildlife habitat. It’s remotely located near the end of Silver Lake Road, 3.5 miles east of Turon, Kan. In southwest Reno County. It’s surrounded by similar property with limited access points around their perimeters. It has excellent grass for livestock, and includes native grass species, trees, Conservation Reserve Program land, a pond and a tributary of Silver Creek, with spring-fed live water running across the property all year. There are 65 acres fenced for grazing with four, five or six wires, depending on the locations. There are 11.6 acres of CRP grass on the south end, and another 2.46 acres of trees in the southeast end of the CRP. The CRP matures on Sept. 30 this fall and pays $48.62 per acre, for an annual payment of $564.

Finney County. A total of 148.26 acres sold at online auction for $474,432. This property is 9.5 miles north of Garden City, Kan., on Highway 83. It borders the east side of the highway, with Wiebe Road on the north. It is 97.5% Class 2, Beeler silt loam, 0% to 1% slopes; and Class 2, Beeler-Ulysses silt loam, 1% to 3% slope. It is farmed in thirds, including wheat, sorghum and fallow rotation with excellent residue management. Grain delivery is just 2.5 miles away at Tennis, Kan.

TAGS: Marketing
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