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Serving: KS
Demand for cropland continues to be strong, keep prices up in spite of low commodity prices and uncertainty in the economy.
SALES STRONG: Demand for cropland continues to be strong, keep prices up in spite of low commodity prices and uncertainty in the economy.

Land values off peak but still holding up

Sales are down from the highs of five years ago but good cropland is still topping $2,000 per acre.

About 640 acres of cropland and grass that sold in Cheyenne County on Feb. 6 brought prices that indicate that while land values are off the highs of the top of the economy, they are still holding strong for good land that draws strong bidding at auction.

The Cheyenne County section sold in five tracts. Tracts 1, 2 and 3 were subject to the tenant’s rights on the 2020 wheat crop. On those tracts the buyer received the landlords 1/3 share. On tracts 4 and 5, the buyers received 100% of any growing wheat.

Tract 1, 160 acres with no planted wheat, brought $2,150 per acre. Tracts 2 and 3, about 240 acres planted to wheat, brought $1,900 per acre. Tract 4, about 160 acres planted to wheat brought $1,950 per acre, and tract 5, 80 open acres, was bid in at $1,350 per acre.

The sellers were Edna Roesener on Tracts 1, 2 and 3 and the Query family on tracts 4 and 5. Farm & Ranch Realty of Colby handled the sale.

Hamilton County

A large 3,350 acre farm with both cropland and grassland was sold at auction on Feb. 25. The property was sold in nine tracts.

Tract 1, about 640 acres with 592 acres in cropland and the balance in grass, sold for $1,125 per acre, while tract 2, about 640 acres with 500 acres of cropland and 140 in grass brought $1,000.

Tract 3, about 320 acres of cropland, brought $1,100 per acre while tract 4, about 320 acres of cropland was bid in at $800 per acre. Tract 5, about 320 acres of grassland brought $675 per acre and tract 6, about 320 acres with 307 acres of grass and the balance in cropland, brought $850 per acre.

Tract 7, about 160 acres of cropland, brought $825 per acre, while tract 8, about 320 acres of grassland, brought $475 per acre. The final tract, about 310 acres of cropland, was bid in at $1,200 per acre.

The seller was Barstow Farms. Farm and Ranch Realty of Colby handled the sale.

Kiowa County

About 197 acres of Kiowa County dryland crop land, grassland and land enrolled in the Conservation Reserve Program was sold in January. The land brought $939 per acre.

The seller was not disclosed. Farmers National Co. handled the sale.

Rooks County

About 685 acres of cropland and grassland were sold at public auction on Jan. 30 in Rooks County. The property sold in three tracts. Tract 1, about 365 acres with 194.5 planted to growing wheat and the remainder in grassland, sold for $900 per acre.

Tract 2, about 160 acres with 76 in milo stubble and the remainder in grass, brought $875 per acre. The final tract, about 160 acres with 94 acres in growing wheat and the remainder in grass, brought $700 per acre.

The sellers were David and Jennifer Mongeau. Farm and Ranch Realty handled the sale.

Comanche County

About 160 acres of cropland in Comanche County was sold at auction Feb. 14.

The property, which has not been in production for the last 10 years, has good fences on two sides and is less than 10 miles to markets in Coldwater. The quarter brought $800 per acre.

The seller was the Anna Lou Einsel Estate. Farm and Ranch Realty handled the sale.

Ness County

Farmers National Co. handled two separate Ness County sales that closed in February.

In one sale, about 154 acres of non-irrigated land with good soils brought $1,169 per acre.

In the second sale, about 400 acres of land was sold in two tracts. Tract 1, about 156 acres of dryland cropland was sold for $1,294 per acre while tract 2, about 242 acres of dryland cropland, brought $1,219 per acre. The sellers of the two farms were not disclosed.

Kiowa County, Colo.

About 320 acres of land were sold by private treaty in January. The property brought $630 per acre.

The Ruby N. Schmidt Trust was the seller. Faulkner Real Estate and Auction of Ulysses handled the sale.

Cheyenne County, Colo.

A big sale of 2,400 acres of cropland and grassland including a farmstead was sold in six tracts Jan. 24 in Cheyenne County, Colo.

Tract 1, 320 acres of grassland, brought $850 per acre. Tract 2, about 320 acres of cropland, was bid in at $1,100 per acre. Tract 3, about 640 acres with 615 in cropland and the balance in grass, brought $900 per acre.

Tract 4, about 640 acres with 624 in cropland and the balance in grass, brought $900 per acre. Tract 5, about 160 acres of dryland cropland, brought $1,150 per acre. The final tract, about 320 acres with 204 acres in cropland and the balance in grass, brought $850 per acre. That tract included the farm home, shop building and a detached garage.

The seller was Boswell Trusts. Farm and Ranch Realty of Colby handled the sale.

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