Farm Progress

Land not selling unless at or below appraised value

Low commodity prices are a driving factor in sellers' decisions.

August 2, 2017

2 Min Read
FEW INTERESTED SELLERS: During late summer and early fall, there are few inquiries from landowners in regards to how much their land would sell for, Stock Realty & Auction Co. reports.

Stock Realty & Auction Co. reports there are few inquiries from people asking what their land would sell for during late summer and early fall. It is becoming apparent that low commodity prices have gotten the attention of sellers. Marketing time is over 90 days to sell a farm, and land won't sell unless it's priced at or below appraised value.

Stock Realty and Auction Co., St. Edward, a licensed real estate broker in eight states, compiles the reports for this column, but not all sales are handled by Stock each month. Contact Stock at 800-WE-SELL8. The following are several of the most recent sales:

Northeast

Knox County: 160 acres sold at private treaty for $665,000, or $4,156 per acre. This property has about 105 acres of cropland and 52 acres of hay ground, with the balance in trees. — Compliments of Stock Realty & Auction Co.

East

Seward County: 53.34 acres sold at private treaty for $226,695, or $4,250 per acre. This property has 48.5 acres enrolled in the Conservation Reserve Program expiring Sept. 30, 2019, with a payment of $4,545 annually. Land could be a hunting property, or a building site since it is 1.5 miles north of the I-80 at the Pleasant Dale exit. — Compliments of Stock Realty & Auction Co.

Merrick County: 38.79 acres sold at private treaty for $110,000. This parcel is a laying hay meadow with access from a good gravel road and close to a blacktop highway. — Compliments of Stock Realty & Auction Co.

Seward County: 38.44 acres sold at private treaty for $253,704, or $6,600 per acre. This is a gently rolling dryland farm with good access. — Compliments of Stock Realty & Auction Co.

South

Franklin County: 317.44 acres sold for $507904, or $1,600 per acre. This property is hard-land pasture and offers a windmill, dam and pond for livestock water, located just northwest of Bloomington. — Compliments of Farmers National Co.

 

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

You May Also Like