October 20, 2023
Just a handful of auction reports were found for September and October in Kansas. But real estate professionals expect sales to pick up in the last quarter of 2023.
Grassland continues to bring a decent price. Consider the 1,100 acres of Logan County grassland west of Winona, Kan., up for auction in late September. The land sold in one tract, and included 600 acres of Conservation Reserve Program land, 1,060 acres of grass and 42 acres of cropland with a tenant farming it.
There was a good water well rated at 10 gallons per minute or more, and a waterline to three tanks for livestock. And all of the seller’s mineral rights interest transferred to the buyer.
The land sold for $1,125 per acre. The sellers were Herl and Finley. Farm & Ranch Realty Inc., Colby, Kan., handled the sale.
Graham County. About 620 acres of Graham County land was sold at auction Sept. 12. The land sold in two tracts, and is located just west of Palco, Kan.
Tract 1 was 613 acres, consisting of 372 acres of cropland with a tenant who retained 100% of the 2023 sorghum crop and 100% of the 2024 wheat crop to be planted under the current cash-lease agreement. It also included 239 acres of grassland, one producing oil well and one saltwater disposal well. Tract 1 sold for $1,375 per acre.
Tract 2 consisted of a 1,720-square-foot house with a two-car attached garage, steel siding, partial basement, a 30-foot by 80-foot shop and other outbuildings. ‘
The property sold for $72,500. The seller was the Bowman Farm Trust. Farm & Ranch Realty Inc., Colby, Kan., handled the sale.
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