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Kansas land values still show strength

Land Sales: Land with improvements and water availability still garners a premium.

Jennifer M. Latzke

January 4, 2023

4 Min Read
Silos in field under cloudy skies
STRONG DEMAND FOR LAND: Buyers are still interested in investing in Kansas farmland. Demand continues to be strong. Ron Watts/Getty images

Kansas land values, especially for highly desirable cropland or land with improvements, are still strong. This was evidenced by the sale of about 4,770 acres of Logan County land sold at auction Dec. 15.

The land was sold in eight tracts, all contiguous to each other, with easy access off Highway 25 and improved county roads. All tracts were southwest of Russell Springs, Kan. Tract 1 was 621 acres of cropland, which sold for $2,350 per acre. Tract 2 was 558 acres of cropland and 70 acres of grassland, which sold for $2,050 per acre. Tract 3 was 605 acres of cropland and 9 acres of grassland, which sold for $2,250 per acre. Tract 4 was 640 acres of Conservation Reserve Program land and grassland, which sold for $1,200 per acre. Tract 5 was 640 acres of cropland, which sold for $2,000 per acre. Tract 6 was 480 acres of crop and grassland, and sold for $1,900 per acre. Tract 7, 985 acres of grassland, included a metal building with electricity, a natural spring, a gathering pen and a windmill with watering tanks, sold for $900 per acre. Tract 8 was 155 acres of cropland, which sold for $1,750 per acre. The seller was the Paul Fotopoulos Trust. Farm & Ranch Realty Inc., Colby, Kan., handled the sale.

Hamilton County

About 240 acres of Hamilton County cropland was sold in two tracts at auction on Nov. 18. Both tracts were north of Syracuse, Kan. Tract 1 was a dryland quarter currently in sorghum stalks, It had a saltwater disposal well with $6,000 per year annual income that transferred to the buyer at closing. It sold for $1,600 per acre. Tract 2 was 80 acres of cropland, also in sorghum stalks, which sold for $1,100 per acre. The seller was the Golden Belt Foundation. Farm & Ranch Realty Inc. handled the sale.

Phillips County

About 340 acres of Phillips County cropland, grassland and a farmstead were sold at auction Nov. 15. The property sold in three tracts. Tract 1 included the three-bedroom, two-bathroom home and farmstead with outbuildings, and 100 acres of pasture and tillable land. It sold for $470,000. Tract 2 was 40 acres of tillable acres that sold for $3,000 per acre. Tract 3 was 200 acres of cropland and grassland, which sold for $1,900 per acre. The sellers were Clarence and Bette Tien. Farm & Ranch Realty Inc. handled the sale.

Rooks County

About 305 acres of well-maintained cropland in Rooks County was sold at auction Dec. 7. The land, east of Plainville, Kan., was sold in two tracts. Tract 1 was 149 acres of cropland. Tract 2 was 84 acres of cropland and 69 acres of fenced native pasture. The two tracts sold for a total of $866,410. The sellers were the Larry Teasley Revocable Trust and the Larry Dean Teasley share of the Bonnie E. Teasley Trust. Farmers National Co. handled the sale.

Crawford County

About 160 acres of Crawford County land sold at auction Dec. 2. The single tract of land, northeast of Cherokee, Kan., offered good-quality soils with close proximity to elevators and Highway 7. It sold for $865,080. The seller was the Boyd Burns Trust. Farmers National Co. handled the sale.

Hodgeman County

About 157 acres of Hodgeman County dryland sold at auction Nov. 30. The property, northwest of Jetmore, Kan., sold for $262,975. The seller was Charlene A. Gernon Revocable Trust. Farmers National Co. handled the sale.

Cloud County

About 447 total acres of prime cropland around Clyde, Kan., in Cloud County, was sold at auction Nov. 28. The land sold in four tracts. Three of the four tracts had blacktop frontage, with easy access to grain terminals. The four tracts sold for a total of $3.01 million. The seller was the Clinton W. Detrixhe Trust. Farmers National Co. handled the sale.

Dickinson County

A well-maintained farm in northern Dickinson County, Kan., with 114 acres of upland farmland, a large pond stocked with catfish and an all-season cabin for recreational use, sold at auction Oct. 25. The single tract included cropland, pasture, CRP, hay meadows and wildlife plantings — a hunter’s paradise. It sold for $496,230. The seller was Elsasser Properties LLC. Farmers National Co. handled the sale.

Baca County, Colo.

About 480 acres of irrigated cropland and CRP in Baca County, Colo., sold at auction Dec. 13. The land was north of Walsh, Colo., with good county road access. The three, seven-tower electric Zimmatic sprinklers with low energy precision application (LEPA) drops and two natural gas PSI motors were included in the sale. There were two irrigation wells permitted, for a total of 1,680 acre-feet of appropriation, commingled to operate any one of the three pivots that were nozzled between 325 and 400 gallons per minute. The land sold in one tract for $1,500 per acre. The seller was Charles Hume. Farm & Ranch Realty Inc. handled the sale.

 

About the Author(s)

Jennifer M. Latzke

Editor, Kansas Farmer

Through all her travels, Jennifer M. Latzke knows that there is no place like Kansas.

Jennifer grew up on her family’s multigenerational registered Angus seedstock ranch and diversified farm just north of Woodbine, Kan., about 30 minutes south of Junction City on the edge of the Kansas Flint Hills. Rock Springs Ranch State 4-H Center was in her family’s backyard.

While at Kansas State University, Jennifer was a member of the Sigma Kappa Sorority and a national officer for the Agricultural Communicators of Tomorrow. She graduated in May 2000 with a bachelor’s degree in agricultural communications and a minor in animal science. In August 2000 Jennifer started her 20-year agricultural writing career in Dodge City, Kan., on the far southwest corner of the state.

She’s traveled across the U.S. writing on wheat, sorghum, corn, cotton, dairy and beef stories as well as breaking news and policy at the local, state and national levels. Latzke has traveled across Mexico and South America with the U.S. Wheat Associates and toured Vietnam as a member of KARL Class X. She’s traveled to Argentina as one of 10 IFAJ-Alltech Young Leaders in Agricultural Journalism. And she was part of a delegation of AAEA: The Ag Communicators Network members invited to Cuba.

Jennifer’s an award-winning writer, columnist, and podcaster, recognized by the Kansas Professional Communicators, Kansas Press Association, the National Federation of Presswomen, Livestock Publications Council, and AAEA. In 2019, Jennifer reached the pinnacle of achievements, earning the title of “Writer of Merit” from AAEA.

Trips and accolades are lovely, but Jennifer says she is happiest on the road talking to farmers and ranchers and gathering stories and photos to share with readers.

“It’s an honor and a great responsibility to be able to tell someone’s story and bring them recognition for their work on the land,” Jennifer says. “But my role is also evolving to help our more urban neighbors understand the issues our Kansas farmers face in bringing the food and fiber to their store shelves.”

She spends her time gardening, crafting, watching K-State football, and cheering on her nephews and niece in their 4-H projects. She can be found on Twitter at @Latzke.

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