Kansas Farmer Logo

Kansas land values rose across all sectors

Land Sales: Values expected to rise, but not as sharply in the coming year.

Jennifer M. Latzke, Editor

June 7, 2023

2 Min Read
Canada geese flying above field
LAND VALUES: Farmers are facing an environment of strong farm income, but also rising interest rates, inflation and competition from nonfarm interests for land.Wanda Jewell/Getty Images

Kansas land values continue to rise across all sectors, according to the USDA National Agricultural Statistics Service. Since 2020, irrigated land values have risen 11% per year, dryland values rose 22% per year, and pasture has risen 18% per year. Kansas cropland is still some of the most affordable in the United States, though, at an average of $2,950 per acre in 2022, according to USDA NASS. That’s still a 24.5% rise since 2022, however.

Robin Reid, Kansas State University Extension farm economist, spoke about this in a webinar in April. She explained that farm income remains strong, even with ongoing drought concerns and high input costs. Farmers are contending with increasing interest rates, higher inflation and competition from nonagricultural investment. Overall, she concluded that values are expected to continue to rise, but not as sharply, with projected smaller farm profit margins.

Edwards County. About 160 acres of Edwards County land was sold at auction April 24. The single tract of dryland sold for $1,400 per acre. The seller was the Urban family. Carr Auction & Real Estate Inc., Larned, Kan., handled the sale.

Decatur County. About 480 acres of Decatur County cropland and grass was sold in three tracts at auction May 9. All three tracts were southeast of Cedar Bluffs. Tract 1 was 160 acres of wheat stubble, cornstalks and grass, which sold for $2,700 per acre. Tract 2 was 160 acres of mostly cornstalks, which sold for $2,900. Tract 3 was 160 acres of wheat stubble and cornstalks and sold for $1,700 per acre. The seller was DeMay Enterprises. Farm & Ranch Realty Inc., Colby, Kan., handled the sale.

Russell County. About 1,200 acres of Russell County land was sold at auction May 2. The land was extremely popular hunting land, with productive cropland and pasture as well. There was an easement to the Grain Belt Express utility crossing the corner of Tract 2. The land was divided into five tracts, with a sixth tract selling the undivided one-third interest in the mineral rights and production owned by the seller under tracts 3 and 4. Tract 1 was 320 acres of crop and grassland, and it sold for $1,700 per acre. Tract 2 was 240 acres of cropland and sold for $2,100 per acre. Tract 3 was 550 acres of crop and grassland and sold for $1,900 per acre. Tract 4 was 80 acres of mostly grassland with some cropland and sold for $1,700 per acre. Tract 5 was less than an acre of land with a 48-by-75-foot shop on it, and it sold for $72,000. Tract 6, which was the mineral rights interest, sold for $56,000. The seller was Ehrlich Farms. Farm & Ranch Realty Inc. handled the sale.

About the Author(s)

Jennifer M. Latzke

Editor, Kansas Farmer

Through all her travels, Jennifer M. Latzke knows that there is no place like Kansas.

Jennifer grew up on her family’s multigenerational registered Angus seedstock ranch and diversified farm just north of Woodbine, Kan., about 30 minutes south of Junction City on the edge of the Kansas Flint Hills. Rock Springs Ranch State 4-H Center was in her family’s backyard.

While at Kansas State University, Jennifer was a member of the Sigma Kappa Sorority and a national officer for the Agricultural Communicators of Tomorrow. She graduated in May 2000 with a bachelor’s degree in agricultural communications and a minor in animal science. In August 2000 Jennifer started her 20-year agricultural writing career in Dodge City, Kan., on the far southwest corner of the state.

She’s traveled across the U.S. writing on wheat, sorghum, corn, cotton, dairy and beef stories as well as breaking news and policy at the local, state and national levels. Latzke has traveled across Mexico and South America with the U.S. Wheat Associates and toured Vietnam as a member of KARL Class X. She’s traveled to Argentina as one of 10 IFAJ-Alltech Young Leaders in Agricultural Journalism. And she was part of a delegation of AAEA: The Ag Communicators Network members invited to Cuba.

Jennifer’s an award-winning writer, columnist, and podcaster, recognized by the Kansas Professional Communicators, Kansas Press Association, the National Federation of Presswomen, Livestock Publications Council, and AAEA. In 2019, Jennifer reached the pinnacle of achievements, earning the title of “Writer of Merit” from AAEA.

Trips and accolades are lovely, but Jennifer says she is happiest on the road talking to farmers and ranchers and gathering stories and photos to share with readers.

“It’s an honor and a great responsibility to be able to tell someone’s story and bring them recognition for their work on the land,” Jennifer says. “But my role is also evolving to help our more urban neighbors understand the issues our Kansas farmers face in bringing the food and fiber to their store shelves.”

She spends her time gardening, crafting, watching K-State football, and cheering on her nephews and niece in their 4-H projects. She can be found on Twitter at @Latzke.

Subscribe to receive top agriculture news
Be informed daily with these free e-newsletters

You May Also Like