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Land prices hold firm; sales range from $636 to $5,785 per acre

When land goes on sale in northern Kansas counties, interested Nebraska farmers show up.

P.J. Griekspoor, Editor

January 11, 2019

3 Min Read
irrigation in soybean field
PRICES STRONG: Land values, especially for high-quality irrigated cropland, are still holding firm even as the downturn in the farm economy persists. A Republic County quarter-section sold for $5,785 per acre on Dec. 15.

When excellent, irrigated cropland located in the northern tier of Kansas counties goes on sale, you can count on some interest from farmers across the border in Nebraska, according to Jeff Dankenbring, a broker with Midwest Land and Home in Washington.

That proved to be the case on Dec. 15 when 153.5 acres of irrigated land located north of Highway 36 went up for sale and several Nebraska bidders came down to compete for it.

“The winning bidder told me he watches for Kansas land for sale because both property taxes and water rights in Kansas have an advantage over Nebraska,” Dankenbring says.

Bidding was brisk and the quarter-section, which includes a 2006 Reinke center pivot, sold for $880,000 or $5,785 per acre. The seller was Marvin Bergstrom.

Clay County
An 80-acre tract of well-maintained farmland with mostly Class II soils and located close to an elevator was sold at auction in sale that closed Nov. 21. The Clay County farm had good terraces and brome waterways.

The property brought $246,000, or $3,075 per acre. The seller was the Zelda M. Ludwig Trust #1. Farmers National Company handled the sale.

Marion County
About 156 acres of Marion County land was sold in a sealed bid auction in a deal that closed Dec. 10.

The farmland, located about seven miles south of Herington, Kan., is well-maintained with good soil. It is level, tillable land with no tree rows or terraces. Minerals will be retained by the seller for a period of five years from the date of closing.

The property sold for $3,007 per acre. The seller was the Robert A. Ebel Trust and the Beverly V. Ebel Trust. Farmers National Company handled the sale.

Decatur County
About 400 acres of cropland and grass in Decatur County was sold at auction on Nov. 28.

The property sold in three tracts. Tract 1, about 160 acres of cropland, half of it planted to wheat, sold for $2,000 per acre. Tract 2, about 160 acres with 100 acres of cropland and 60 acres of grass, sold for $1,250 per acre. The final tract, about 80 acres of cropland, sold for $725 per acre.

The seller was the Paddock Family. Farm and Ranch Realty of Colby handled the sale.

Norton County
About 240 acres of grass and cropland was sold at auction in Norton County on Dec. 18. The property included live water with great hunting potential.

The property brought $1,175 per acre. The seller was Delores Brooks. Farm and Ranch Realty handled the sale.

Stafford County
About 128 acres of Stafford County land was sold at auction on Dec. 20. The property was sold in one tract, all planted to rye. It has excellent access to the county blacktop. It brought $1,900 per acre. The seller was the Joseph L. Farris estate. Carr Auction and Real Estate of Larned handled the sale.

Morton and Cheyenne counties
About 160 acres of dryland cropland, located partly in Morton County, Cheyenne County and Kit Carson County, Colo., sold at private auction in November.

Tract 1, about 160 dryland acres in Morton County, brought $650 per acre. Tract 2, 53 acres of dryland cropland in Kit Carson County, Colo., brought $1,625 per acre. Tract 3, about 163 acres of dryland cropland in Cheyenne County, sold for $780 per acre, while tract 4, about 160 acres of CRP in Cheyenne County, brought $636 per acre. The seller was Fisher. Faulkner Real Estate handled the sale.

Stevens County
About 160 acres of dryland farmland was sold by private auction in Stevens County in December. The land brought $1,225 per acre. The sellers were the Joslin heirs. Faulkner Real Estate handled the sale.

Texas County, Okla.
About 160 acres of dryland farmland was sold at private auction in November. The property brought $525 per acre. The seller was Martens. Faulkner Real Estate handled the sale.

About the Author(s)

P.J. Griekspoor

Editor, Kansas Farmer

Phyllis Jacobs "P.J." Griekspoor, editor of Kansas Farmer, joined Farm Progress in 2008 after 18 years with the Wichita Eagle as a metro editor, page designer, copy desk chief and reporter, covering agriculture and agribusiness, oil and gas, biofuels and the bioeconomy, transportation, small business, military affairs, weather, and general aviation.

She came to Wichita in 1990 from Fayetteville, N.C., where she was copy desk chief of the Fayetteville Observer for three years. She also worked at the Pioneer Press in St. Paul, Minn. (1980-87), the Mankato Free Press in Mankato, Minn. (1972-80) and the Kirksville Daily Express in Kirksville, Mo. (1966-70).

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