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Land values hold strong for high-quality cropland, especially with irrigation.

P.J. Griekspoor, Editor

August 20, 2019

2 Min Read
a parcel with subsurface drip brought $6,300 per acre.
IRRIGATION SELLS: Irrigated land tends to have higher value, and land with subsurface drip irrigation goes even higher. At a recent sale in McPherson County, a parcel with subsurface drip brought $6,300 per acreP.J. Griekspoor

Strong prices for good-quality farmland, especially irrigated land, continue to be the norm in Kansas. A sale in McPherson County on July 23 proved no exception when 827.9 acres of excellent cropland sold at auction. The farm included high-quality land, some under center pivot, some dryland and some with subsurface drip irrigation.

The property was sold in seven tracts. Tract 1, about 79.5 acres with subsurface drip and goods Class II soils, located southwest of Moundridge, brought $6,300 per acre.

Tract 2, 148.9 acres, currently irrigated by a center pivot owned by the tenant, was bid in at $4,600 per acre. Tract 3, 157.10 acres with a center pivot owned by the seller, brought $5,050 per acre.

Tract 4, 109.9 acres, is a dryland farm with good Class II soils located north of Conway. It brought $3.150 per acre. Tract 5, 74.4 acres of dryland with good Class II soils and also located north of Conway, brought $2,950 per acre.

Tract 6, 178.4 acres of dryland cropland brought $3,250 per acre. The final tract, 79.6 acres of dryland cropland, sold for $3,850 per acre.

The seller was Gringoe Inc. and Bruce Gray. Farmers National Co. handled the auction.

In another sale that closed on June 5 in McPherson County, a 93.8-acre farm sold for $3,000 per acre. The seller of that land was not disclosed. Farmer’s National Co. also handled that sale.

Haskell County

About 320 acres of farmland with water rights for irrigation was sold by private auction in July in Haskell County. The land brought $1,200 per acre.

The seller was Hines. Faulkner Real Estate and Auction handled the sale.

Stevens County

About 160 acres of dryland farmland enrolled in the Conservation Reserve Program in Stevens County was sold by private auction. The property brought $800 per acre.

The seller was Kitch. Faulkner Real Estate and Auction handled the sale.

Gray County

About 160 acres of good quality Gray County farmland was sold by private auction in July. There are water rights sufficient for irrigation. The property brought $3,300 per acre.

The seller was Baldwin. Faulkner Real Estate and Auction handled the sale.

Cheyenne County

About 630 acres of cropland and CRP grassland was sold at public action Aug. 13 in Cheyenne County.

The property sold in four tracts, and the auctioneer noted that the land is excellent quality with CRP contracts that are in place through Sept. 30, 2022.

Tract 1, about 150 acres of cropland, brought $1,650 per acre, the top price of any of the parcels.

Tract 2, about 160 acres with 103 in crops and the balance in CRP, brought $1,125 per acre.

Tract 3, about 160 acres with 142 acres in cropland and the balance in CRP, was bid in at $1,300.

The final tract, about 160 acres with 92 acres in cropland and the rest in CRP, sold for $1,275 acres.

The sellers were longtime owners Vernetta Haack Trust and the Haack Family, who are liquidating their holdings in Cheyenne County. Farm and Ranch Realty of Colby handled the sale.

About the Author(s)

P.J. Griekspoor

Editor, Kansas Farmer

Phyllis Jacobs "P.J." Griekspoor, editor of Kansas Farmer, joined Farm Progress in 2008 after 18 years with the Wichita Eagle as a metro editor, page designer, copy desk chief and reporter, covering agriculture and agribusiness, oil and gas, biofuels and the bioeconomy, transportation, small business, military affairs, weather, and general aviation.

She came to Wichita in 1990 from Fayetteville, N.C., where she was copy desk chief of the Fayetteville Observer for three years. She also worked at the Pioneer Press in St. Paul, Minn. (1980-87), the Mankato Free Press in Mankato, Minn. (1972-80) and the Kirksville Daily Express in Kirksville, Mo. (1966-70).

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