November 8, 2018
Land sales are robust, and farms selling at unreserved online auctions are selling for 10% more than they would have brought a year ago. BigIron Realty believes the combination of large exposure, high yields and optimism that trade issues with China could be resolved are driving prices higher.
BigIron Realty of Columbus, a licensed real estate broker in eight states, compiles the reports for this column, but not all sales are handled by BigIron each month. Contact Big Iron at 800-887-8625. The following are several of the most recent sales.
Pierce County: Over 123 acres sold for $604,702. This property is a high-quality dryland farm near the Village of McLean. — Compliments of UFarm Real Estate
Antelope County: Close to 187 acres sold for just over $1.4 million. This farm is pivot-irrigated cropland with a 1979 Valley seven-tower pivot and has 138.52 certified irrigated acres, according to the Upper Elkhorn Natural Resources District. The land is 69% Nora silt loam and 2% to 6% Alcester silty clay loam. The remaining acres are mostly 6% to 17% Crofton-Nora complex. — Compliments of UFarm Real Estate
Lancaster County: A total of 150.9 acres sold for $603,300. This is a rolling, partly terraced farm with two ponds. The land was previously in the Conservation Reserve Program, which expired Sept. 30. This could be farmed in 2019, pastured or hayed. This would be a great farm to hunt, build on or convert back to row crop production. — Compliments of Farmers National Co.
Lancaster County: Just over 247 acres sold for $1.2 million at auction. This is nearly all tillable, with some conservation practices in place. It is off of paved Agnew Road and 5 miles west of four-lane Highway 77. — Compliments of Farmers National Co.
Douglas County: A total of 24.43 acres sold for $855,050. This property is surrounded by residential housing with paved streets already in place. The property has a gentle roll with potential for walk-out basement configurations. The property is ready for development with the need for plans to be kept to a minimum. — Compliments of Farmers National Co.
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