Farm Progress

Desirable farmland in eastern region declines less than 5%, while land in west-central and central areas drops off as much as 30%, with marginal ground taking the biggest hit.

June 1, 2017

2 Min Read
LAND IS STEADY: As of this spring, land is steady in Nebraska, although land varies depending on location in the state.

Land is steady at this point and has stabilized. In eastern Nebraska, very desirable farms have dropped less than 5%. In west-central and central Nebraska, land has dropped off as much as 30%. Marginal farms that are not desirable have taken the biggest hit. Marketing time to sell a farm has increased from 90 to 180 days, with the sale depending more than ever on the listing price being very close to the market price.

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

Stanton County: 160 acres sold for $975,550. This farm is approximately 140 acres of dryland crop ground, with a building site including a home, outbuildings and grain storage. — Compliments of Stock Realty & Auction Co.

Madison County: 149.9 acres sold for $400,000. This tract is about 91 acres of dry crop ground, with the balance being Elkhorn River and recreation ground. — Compliments of Stock Realty & Auction Co.

Thurston County: 144.24 acres sold for $808,032. This is a dryland farm, just southwest of Emerson. — Compliments of Stock Realty & Auction Co.

North

Wheeler County: 219.16 acres sold for $1,048,500. This farm is dryland crop ground, which sold with an eight-tower Valley pivot, gearhead, pump, pad, fuel tank and a diesel power unit. There is no well on the property. — Compliments of Stock Realty & Auction Co.

Central

Hall County: 80 acres sold at auction for $600,000. This property is irrigated crop ground in the scenic Platte River Valley, situated between Hastings and Grand Island. — Compliments of Farmers National Co.

Southeast

Nuckolls County: 160 acres sold at auction for $608,000. This is a combination farm consisting of 110 acres of pasture and pond, and 50 acres of cropland. There is a large dam and pond that is suited for a recreational property or building site. — Compliments of Farmers National Co.

 

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