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According to BigIron Realty, there is a good mixture of investor and farmer buyers.

November 6, 2020

3 Min Read
Grain silos
RENEWED OPTIMISM: With recent CFAP payments and a rise in grain prices, BigIron Realty reports a renewed sense of optimism in the land market. Tyler Harris

Recent land auctions show that land is trending upward, BigIron Realty reports. With recent Coronavirus Food Assistance Program payments and a spike in grain prices, there is a new optimism in the air. There is a good mixture of investor and farmer buyers. Marketing time required to sell a farm is about 45 to 60 days.

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 BigIron at 800-887-8625.

The following are several of the most recent sales in Nebraska:

Northeast

Madison County. A total of 203.84 acres sold at online auction for $280,488.84. This property has everything you’re looking for. It has deer, turkey, waterfowl, pheasant, quail, fishing and morel mushrooms. The pasture can hold 40 to 50 pairs depending on rainfall, and there is an excellent tenant in place. The property is only minutes from Norfolk. — Compliments of BigIron Realty

East

Hamilton County. A total of 157.35 acres sold at online auction for $1,123,197.50. This productive, gently rolling farm has excellent access to local grain markets. The farm is irrigated with an eight-tower Valley pivot with a corner system. It has drops with Senninger i-Wob nozzles, and a 60-hp electric motor. There is a 40-by-60-foot steel building and three grain bins, a continuous flow dryer, holding bin, grain leg and drive-over pit. — Compliments of BigIron Realty

Northwest

Cheyenne and Kimball counties. A total of 2,114.27 acres sold at online auction for $1,187,422.80. This auction offered up nine different tracts spread across Cheyenne and Kimball counties. The tracts are primarily dryland crop ground with some Conservation Reserve Program (CRP) acres. Any one of these tracts would make a great addition to an existing operation or a good investment property. There are excellent tenants in place, and the current lease arrangement is the owner would get one-third of the crop and only pay one-third of the fertilizer, fungicide and insecticide cost. The tenant receives two-thirds of the crop and pays all other input expenses. — Compliments of BigIron Realty

Southern Kansas

Sumner County. A total of 301 acres sold at online auction for $481,600. USDA's Farm Service Agency carries the land as 298.57 acres. Taxable acres are 302.8 acres. The property is selling as 301 acres. All soil types on this land are considered "prime farmland" by the Natural Resources Conservation Service. Within the 301 acres, FSA carries the cropland as 198.52 acres, of which 7.87 acres are CRP, which expired Sept. 30.

The remaining 190.65 acres of cropland include about 155 acres in crop production and 35.65 acres planted back to grass. The 155 acres are planted to soybeans. In the northeast corner of the property is about 32.48 acres of native hay meadow with a pond. The timber of about 70 acres borders "Shoo Fly Creek," which meanders 2.25 miles through the property with live water. The combination of timber, creek bottom, water, hay meadow, grass and four cropped fields makes this a wildlife paradise. — Compliments of BigIron Realty

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