It may sound like a broken record, but land markets in Nebraska remain hot — with land in high demand.
According to BigIron Realty, it is a seller’s market, with plenty of buyers but not many sellers. With the threat of higher interest rates, farmers are buying land and locking in rates while they are still low.
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 courtesy of BigIron Realty:
Platte County. A total of 80 acres sold at online auction for $604,000. This pivot-irrigated farm would make a great addition to anyone’s operation. Included in the sale are a seven-tower Zimmatic pivot, a John Deere power unit with generator, a gearhead with pump and a 500-gallon fuel barrel.
Platte County. A total of 239.49 acres sold at online auction for $1,221,399. This combination property has something for everyone and is located minutes from Columbus. There are about 120 acres of dryland crop ground, 111 acres of hay meadow and pasture, and the balance is acreage and trees. There is a two-bedroom home on the property with one-and-a-half bath, a two-car garage and other outbuildings included in the sale. The driveway into the acreage is also an easement for the neighbor to access their property.
York County. A total of 237.37 acres sold at online auction for $2,314,357.50. This is a pivot-irrigated farm. The farm lies flat to gently rolling. It has good fertility and is located close to an ethanol plant and local grain markets. This sale includes a new well, drilled in 2017 by Henderson Irrigation, and a 2017 nine-tower Valley pivot. The tenant owns the power unit, and it does not sell with the farm. The east pivot on this tract is an eight-tower Reinke with well, pump, 350-hp Chevy power unit and generator. The Big Blue River winds through the south side of the farm and offers excellent deer and wildlife habitat. After the 2021 harvest, soil sampling was completed, and 150 pounds of monoammonium phosphate per acre was applied to the farm.
Montrose County. A total of 160 acres sold at online auction for $1,256,000. This tract consists of a working feedlot and ranch ground. There are 80 shares of UVWUA water. There is good livestock opportunity, nice ranch ground and excellent hunting with a newly remodeled ranch-style home that has a detached garage. There is an elevator leg and steel building with tall sides, and an 80,000-pound digital scale that is Colorado state certified through Dec. 22 — along with a cattle-receiving area with a good calving space and a feed mill that is not operational. The silage pile will hold 900 tons. The gated pipe sold with the farm. On the north part of the farm, there is a high plateau.
Baca County. A total of 640 acres sold at online auction in three tracts for $416,000. Tract 1 is 160 acres that has an old irrigation well and water rights of 549.5 acre feet. This tract has 151 acres of cropland history and has been used for grass the past several years. Tract 2 is 320 acres and has 255.4 acres of cropland history, but has been used as grass for several years, along with 42 acres without cropland history. Tract 3 is 160 acres, of which 157.4 acres are expired CRP, with cropland history.