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Serving: KS
irrigation equipment in field
GOOD QUALITY SELLS: Farmland prices, especially for irrigated land, are still holding strong. A Ford County half-section with irrigation pivots recently sold for $3,800 per acre.

Farmland retains strong value, especially with irrigation

Ford County irrigated section of cropland sells in four tracts, one as high as $3,800 per acre.

Values on good quality irrigated farmland continue to hold strong especially in areas a strong production history. That held true for a Dec. 12 auction in Ford County, where 640 acres of irrigated cropland and a farmstead sold in four tracts.

Tract 1, about 152 acres with 122 acres under pivot, brought $2,500 per acre. Tract 2, another irrigated quarter, brought $3,000 per acre. Tract 3, an irrigated half section with sprinklers on each quarter, brought the highest price of the sale — $3,800 per acre. The final tract, the 8-acre farmstead with a 2,700-square-foot, 4-bedroom home with detached garage and a 40-foot by 60-foot farm building, sold for $41,000.

The seller of the property was Bella Terra LLC. Farm and Ranch Realty of Colby handled the sale.

In another Ford County sale which closed on Dec. 18, about 238 acres of high-quality, dryland crop ground that included about 37 acres of grass and waterways that provide excellent cover for wildlife. The property brought $1,050 per acre. The seller was the Howell Family Trust. Farmers National Co. handled the sale.

Butler County

State-of-the-art properties don’t come up for sale every day and when they do, they sell at a premium. Such was the case for the sale of a beautiful Butler County ranch that included two homes, a scenic pond with floating fishing dock and a horse barn with four stalls, five loafing sheds, fenced paddocks, a utility building and open-sided machine shed.

The 154-acre property sold for a total of $991,000 or $6,394 per acre. The Steven A. Hatchett Trust was the seller. Farmers National Co. handled the sale.

Ottawa County

About 155 acres of Ottawa County pastureland was sold at public auction on Dec. 14. The property was described as “above average native grass pasture with good water and very few trees. The property sold for $1,145 per acre. The seller was Carol Tilton. Midwest Land and Home handled the sale.

Seward County

When high-quality, irrigated farmland comes on the market, it still commands a strong price. An example is the sale of 160 acres of irrigated land in Seward County by private auction. The quarter brought $3,930 per acre. The seller was Shepherd. Faulkner Real Estate handled the sale.

In another sale, a quarter-section of farmland enrolled in CRP brought a fraction of that price at $650 per acre. The seller in that private auction was Slemp. Faulkner handled the sale.

Hamilton County

Seven quarters of Hamilton County farmland were sold at private auction last fall. Tract 1, a full 160 acres of farmland, brought $675 per acre. Tract 2, about 153 acres in farmland and the balance in grass and woods, brought $800 per acre. Tract 3, a full quarter of cropland, brought $850 per acre, while tract 4 brought $800 per acre.

Tract 5, about 160 acres of farmland, brought $725 per acre, while the final two tracts of 160 acres, each brought $625 per acre. The seller was LLS Etal. Faulkner handled the sale.

Grant County

About 640 acres of dryland cropland was sold at private auction in Grant County recently. The land sold in three tracts. Tract 1, about 155 acres of cropland, brought $995 per acre. Tract 2, about 161 acres, brought $830 per acre while the final tract, 320 acres of dryland, brought $925 per acre. The seller was Long. Faulkner handled the sale.

Douglas County

About 230 acres of Douglas County land sold in two tracts at auction on Nov. 21.

Tract 1, about 152 acres with 82 acres of cropland with the remainder in pasture and waterways.

Tract 2, about 70 acres of cropland with the remainder in waterways, sold for $2,468 per acre.

The seller of the property was not disclosed. Midwest Land and Home of Washington handled the sale.

Texas County, Okla.

About 160 acres of farmland in Texas County, Okla., were sold at private auction for $550 per acre. The seller was Boaldin. Faulkner handled the sale.

In another Texas County sale, surface rights to 320 acres of land enrolled in the Conservation Reserve Program was sold by private auction on Nov 21. The contract runs through Sept. 30, 2020. The land sold in a single tract for $805 per acre. The seller was the Carol L. Roberts estate. Jim Hush Real Estate handled the sale.

Cimarron County, Okla.

About 240 acres of farmland in Cimarron County, Okla. was sold at private auction for $1,300 per acre. The seller was Goldsberry. Faulkner handled the sale.

Cheyenne County, Colo.

An enormous 6,300-acre property in Cheyenne County, Colo. was sold at auction on Nov. 15. The property sold in 17 tracts in combination of dryland, irrigated land, grassland, homestead and outbuildings.

Tract 1, about 320 acres of dryland cropland, sold for $1,200 per acre. Tract 2, also 320 dryland acres, also brought $1,200 per acre. Tract 3, about 480 acres, sold for $900 per acre

Tract 4, about 640 acres with 322 in irrigated cropland and the remainder in grassland, sold for $1,200 per acre, while tract 5, about 320 irrigated acres with 264 acres of cropland and the remainder in grass, sold for $1,400 per acre.

Tract 6, about 160 irrigated acres, brought $2,300 per acre while tract 7, about 10 acres with a 5-bedroom house, garage and outbuildings, was bid in at $210,000. Tract 8, grain bins with 85,000 bushels of storage, sold for $70,000. Tract 9, about 33 acres of dryland cropland, sold for $2,700 per acre.

Tract 10, about 740 acres enrolled in CRP, sold for $600 per acre, while tract 11, another 640 acres of CRP, sold for $600 per acre. Tract 12, about 240 acres planted to wheat, brought $1,200 per acre. Tract 13, about 880 acres of grassland, sold for $600 per acre, while tract 14, about 640 acres with 616 in crops and the balance in grass, sold for $1,300 per acre.

Tract 15, about 320 acres of dryland planted to wheat, was bid in at $1,200 per acre, while tract 16, another half-section of wheat, brought $1,000 per acre. The final tract, a half-section planted to wheat, brought $700 per acre.

The seller on that property was the R.J. and Betty Hoffman Estate. Farm and Ranch Realty handled the sale.

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