Land prices are up about 25% over last year, according to BigIron Realty. Crops were great, and prices were very good with interest rates remaining low.
This has fueled a tremendous interest from farmers in buying land. There are outside investors bidding on land generally, but farmers ultimately are ending up with it, according to BigIron.
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 and Colorado, this month all compliments of BigIron Realty:
Gosper County. A total of 649.48 acres sold at online auction for $1,022,931. According to the Farm Service Agency office, there are 396.75 acres of grass, 238.05 acres of dryland crop ground and 7.47 acres of Conservation Reserve Program land that expired Sept. 30, 2021. A submersible well supplies water to four tanks, and the pasture is cross-fenced in four sections. It is located just off Highway 283, south of Elwood, Neb.
Platte County. A total of 160 acres sold at online auction for $1,824,000. This pivot-irrigated quarter features a 10-tower T&L center pivot and a 75-hp electric motor. There is also a cemented curvet building, a barn and a home that is not in livable condition. The farm is typical of the area, lying flat to gently rolling, and has good gravel road access.
Platte County. A total of 160 acres sold at online auction for $1,852,000 in two tracts. Tract 1 included 80 acres on a high-quality farm that is nearly all flat and has good gravel road access. The south portion of this property is being irrigated by the neighbor. After the sale, there is no obligation from the neighbor to continue to supply the irrigation. Tract 2 includes 80 acres of quality dryland farm ground. It lies flat to gently sloping and has good gravel road access.
Phillips County. A total of 318.27 acres sold at online auction for $580,842.50. This dryland farm lies flat to gently rolling and has been rotationally farmed. There is growing wheat on the west third, millet on the middle third and corn on the east third. Good gravel roads border the south, east and west of the property. This land is located about 8 miles from the local grain elevator.