Farm Progress

Productive land is selling for the same price it was last year, and scarcity in the market is the primary driver.

July 30, 2018

2 Min Read
MARKET SCARCITY: There isn’t much land for sale lately, but the land that is for sale is selling.

There is not a lot of land for sale currently, but the land that is for sale is selling. Good land is bringing the same price as it was one year ago. This is mostly due to scarcity. If a lot of farms come to market this fall, the laws of supply and demand may dictate another drop in land price.

BigIron Realty of Columbus, 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 Nebraska

Pierce County: A total of 150 acres sold at private treaty for $570,000, or 3,800 per acre. This property is a lush meadow grass pasture, cross-fenced into three parcels. The water source is from a submersible well and tank. — Compliments of BigIron Realty

Antelope County: At private treaty, 186.84 acres sold for just over $1.4 million, or $7,500 per acre. This farm is irrigated cropland with a Valley seven-tower pivot. It has 138.52 certified irrigated acres, according to the Upper Elkhorn Natural Resources District. — Compliments of UFARM Real Estate

Southeast Nebraska

Richardson County: A total of 160 acres sold at private treaty for $920,000, or $5,750 per acre. This is a productive dryland farm near Shurbert, Neb. — Compliments of UFARM Real Estate

Central Kansas

Dickinson County: A total of 240 acres sold at private treaty for $364,300. It is an excellent bottom ground below Lake Herington, Class I and II soils, exceptional hunting property, and on all-weather road. There are 21.1 acres enrolled in the Conservation Reserve Program. — Compliments of Farmers National Co.

Reno County: Close to 80 acres sold at auction for $140,101. The land offers eastern red cedars, and tall cottonwood trees on the north side, with newer fencing on the north and south sides. — Compliments of Farmers National Co.

Northwest Kansas

Sherman County: Nearly 2,130 acres sold at private treaty for just over $7.62 million. This 14-pivot irrigated and dryland ranch is centered 5 miles west of Goodland, Kan. Two of the tracts have homes and one with a Quonset, grain bins and leg. — Compliments of BigIron Realty

 

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