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Nebraska land garnering interest at online auction

Marketing time to sell a farm on an online auction is 60 days; marketing time on a private treaty sale is longer.

March 5, 2019

2 Min Read
famr in Nebraska with irrigation equipment in foreground
SLOWER TO SELL: When sold on private treaty, marketing time for farmland has been longer. However, farms sold at online auction are bringing good prices.

Land listed for sale at online auction is bringing a good price with a lot of interest. Land that is only listed at private treaty is slower to sell than it has been in the past year.

Marketing time to sell a farm on an online auction is 60 days, and marketing time on a private treaty sale is much longer, with offers slow to come in.

BigIron Realty of Columbus, Neb., 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:

Northeast
Madison and Boone counties: 1,594.38 acres sold at online auction for $9,901,586 in 10 tracts: Tract 1, 160 acres of dryland cropland in Madison County sold for $6,300 per acre. Tract 2, 160 acres of combination irrigation and dryland cropland sold for $5,200 per acre. Tract 3, 79.08 dryland acres in Madison County sold for $8,450 per acre. Tract 4, 160 dryland acres in Madison County sold for $5,600 per acre. Tract 5, 160 acres — including grass pasture, CRP and an older building site — sold for $3,460 per acre.

Tract 6, 155.3 dryland acres in Boone County sold for $7,200 per acre. Tract 7, 160 acres of pivot-irrigated cropland in Boone County sold for $7,300 per acre. Tract 8, 160 dryland acres in Boone County sold for $5,760 per acre. Tract 9, 160 pivot-irrigated acres in Boone County sold for $6,900 per acre. Tract 10, 240 pivot-irrigated acres in Boone County sold for $6,800 per acre — Compliments of BigIron Realty

East
Nance County: 480 acres sold at online auction for $1,045,000. This is a combination farm offering 106.44 acres of dryland cropland. The remaining acres are well-managed pasture with good grazing capacity. — Compliments of BigIron Realty

Seward County: 185.68 acres sold by sealed bid for $1,671,520. This is a high-quality, grain-producing farm with a high percentage of irrigated acres. One Zimmatic center pivot sold with the farm. — Compliments of Farmers National Co.

Cass County: 34.71 acres sold by sealed bid for $320,100. This property is transitional or commercial farmland, offered in two parcels, located on State Highway 75. These parcels are next to an industrial agricultural zone, so there are possible zoning changes that also could apply to this property. — Compliments of Farmers National Co.

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