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Land prices continue to climbLand prices continue to climb

Crop prices, low interest rates and scarcity of land on the market fuel big values.

May 27, 2021

2 Min Read
LAND SALES: BigIron Reality, based in Columbus, Neb., says that higher commodity prices coupled with a scarcity of land on the market right now are pushing land values up.

Early indicators show that land values in eastern Nebraska are up about 10%. The high commodity prices, low interest rates and scarcity of farms for sale are all influencing factors. The time needed to market a farm for an online auction is about seven weeks.

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:


Polk County. A total of 156.16 acres sold at online auction for $1,577,216 or $10,100 per acre. This is an excellent pivot-irrigated quarter in southwest Polk County. The farm lies flat and has good gravel road access. The sale included a seven-tower Zimmatic pivot nozzled at 800 gallons per minute, with a four-cylinder John Deere power unit with 10-kilowatt generator, 50-hp gearhead and pump, and two fuel tanks. There also are three outbuildings and a grain bin located in the northwest corner of the farm. — Compliments of BigIron Realty

Lancaster County. A total of 150.96 acres sold at online auction for $4,566,540 or $30,250 per acre. All three tracts are mostly level dryland farm ground located on the northeast edge of Lincoln. Per the Lancaster County Planning Commission, the tracts are zoned for agricultural. Because of this zoning classification, the minimum lot size is 20 acres. — Compliments of BigIron Realty


Madison County. A total of 154.33 acres sold at online auction for $1,196,057.50 or $7,750 per acre. This farm is located near Madison County’s center in northern Schoolcraft Township and is 100% farmable with clay loam soils. There is a double power line that passes across the northeast corner of the farm. The property is under a wind tower study contract with Lincoln Clean Energy, and future payments go to the new owner. — Compliments of BigIron Realty

Madison County. A total of 100 acres sold for $900,000 or $9,000 per acre. This dryland farm lies nearly all flat to gently sloping with good access. — Compliments of BigIron Realty

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