Farm Progress

Nebraska land values stabilize

Land Report: Land values seem to have found the floor, BigIron Realty reports.

April 5, 2018

2 Min Read
LAND HITS THE FLOOR: While prices haven't gone up, they do seem to have stabilized, according to BigIron Realty.

Land seems to have found a floor and has bounced on it. Prices have not gone up, but they seem to have stabilized. Farmer optimism is better than it has been. However, unless farmers are encouraged to buy because of a landlord wanting to sell, or because of a land auction, they are in no hurry to take on more debt.

BigIron Realty, St. Edward, 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-WE-SELL8. The following are several of the most recent sales.

Eastern

Polk County: Located off a gravel road, 160 acres sold for $1,096,000, or $6,850 per acre. This farm lies flat with very productive soils. It is only a mile off Highways 92 and 39. — Compliments of BigIron Realty

Polk County: A total of 78.42 acres sold for $556,782, or $7,100 per acre. This property features 73 acres of productive, flat cropland, and has an older building site. — Compliments of BigIron Realty

Northeast

Pierce County: Selling for $195,000, a 28.03-acre property features a one-and-a-half story home with 2,584 square feet of finished and 1,640 square feet of unfinished basement. There are two baths and one bedroom on the main floor, and three bedrooms and a bath on the second level. This home had many updates throughout the years. All the improvements sit on 28.03 acres. About 4 acres have aronia berry shrubs planted. — Compliments of BigIron Realty

Stanton County: A total of 145.85 acres sold for $970,966. This land is dry cropland in one field, with a building site in the southeast corner and a draw in the southwest corner. — Compliments of UFarm Real Estate

Wayne County: The 160 acres sold for $800,000. It is an undulating to moderately rolling dryland farm with 142.61 crop acres. — Compliments of UFarm Real Estate

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