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Productive land is selling for more in some cases, according to a report from BigIron Realty.

January 31, 2019

2 Min Read
irrigation equipment in corn field
PRICES UNCHANGED: Most land is selling for the same price as it was a year ago, according to BigIron Realty. In keeping with last month's trend, farms sold in a public online auction are selling faster.

A lot of farms have been selling — although not any more than usual, BigIron Realty reports. Good, productive land is selling for the same price or higher as last year.

Most land is generally selling for the same price as it was a year ago. Marketing time on a farm listed for sale at private treaty is 180 days, and 60 days if sold in an online auction.

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:

Central
Hall County: 161.36 acres sold for $1,242,472. This productive, pivot-irrigated farm grows seed corn on a regular basis. Located near Doniphan, a half mile off Highway 281. — Compliments of Farmers National Co.

Buffalo County: 314.98 acres sold for $1,900,000. Excellent irrigated cropland located northwest of Shelton. This property has several irrigation wells and grain storage on-site. — Compliments of United Farm & Ranch Management

Southeast
Clay County: 160.11 acres sold for $525,000. This farm provides a nice combination of productive, nonirrigated cropland, wildlife habitat and numerous recreational opportunities. — Compliments of Agri Affiliates Inc.

East
Dodge County: 550.96 acres sold at auction for $4,062,144. Tracts 1 and 2, totaling 310.96 acres, brought $6,400 per acre. These tracts are both pivot-irrigated cropland. Tract 3, an 80-acre dryland farm, brought $8,500 per acre. Tract 4, a 160-acre dryland quarter, brought $8,700 per acre. — Compliments of Farmers National Co.

Merrick County: 250.473 acres sold for $626,000. This farm is quality pasture with hunting potential and contains two electric submersible pumps and minimal cedar trees. — Compliments of Farmers National Co.

Northeast
Madison County: 160 acres sold for $1,200,000. This is a pivot-irrigated farm with an eight-tower Zimmatic pivot. There is a 34-by-28-foot grain bin on the farm. — Compliments of United Farm & Ranch Management

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