Farm Progress

Nebraska ag land appears to be shoring up

A lack of available land on the market has helped sustain ag land prices, according to BigIron Realty.

February 2, 2018

2 Min Read
HANGING IN: While land prices haven't been skyrocketing, a lack of land available on the market has helped sustain land prices.

Land seems to be shoring up — not to be confused with soaring up. Farms exposed to buyers via the internet are selling surprisingly well. A lack of land available on the market is also keeping the price up. Marketing time to sell a farm priced at or about assessed value is 90 days.

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

Northeastern Nebraska

Madison County: Just over 79 acres sold for nearly $562,000. This is a nice laying dryland farm conveniently located just off Highway 121 and the Enola blacktop. According to the Madison County FSA Office, this property has 79.66 crop acres. — Compliments of BigIron Realty

Dakota County: Close to 80 acres sold for $291,817. This nice 80 is perfect for the first-time farmer and hunting enthusiast, or to add to any operation. — Compliments of BigIron Realty

Eastern Nebraska

Polk County: Just over 38 acres sold for $157,645. This property is half-dry cropland, and half pasture and hay meadow.  Davis creek does run through the south side of the property. — Compliments of BigIron Realty

Colfax County: A total of 160 acres sold for $1.1 million. This is a flat to gently rolling dryland farm.  According to the Colfax County FSA, there are 135.82 tillable acres, 14.09 in grass and 4.93 acres in a building site. — Compliments of BigIron Realty

Central Nebraska

Sherman County: A total of 160 acres sold for $368,000. This farm is rolling to gently rolling with a good gravel road on the west and a minimum maintenance road to the north. — Compliments of BigIron Realty

Also in Sherman County, 80 acres sold for $184,000. The dryland farm is close to markets, being just north of Litchfield and the blacktop Highway 2. It is bordered on two sides by a good gravel road. — Compliments of BigIron Realty

 

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