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‘Good dirt’ brings top dollar‘Good dirt’ brings top dollar

Land sale of the month: Fall brings an uptick in crop and pasture land sales.

October 17, 2017

3 Min Read
PRICES THRIVE WITH DIVERSITY: Many types of land were sold this month: pasture, cropland, farmland zoned for commercial use, and even underwater land.

Many different types of land are coming on the market this fall. In September, auctions were held for pasture, cropland, farmland zoned for commercial use, and even land underwater.

Ag land zoned commercial
Approximately 140 acres of agricultural land zoned commercial in McCook County, S.D., near Montrose, sold for $6,800 per acre in an auction in September. Of the 140 acres, 126 were being farmed. The rest was in trees and some lowlands, which were enrolled a U.S Fish and Wildlife easement. The farm had a 0.735 rating from the county and a 73.3 Surety Agri-Data productivity rating. — Auction managed and conducted by Sutton Auctioneer and Land Broker, Sioux Falls, S.D. Phone: 605-336-6315. suttonauction.com

Pierre area cropland sells for $2,500/acre
Approximately 480 acres east of Pierre, S.D., sold in two units — one for $2,205 per acre and the other for $2,572 per acre. About half of the Hughes County property was being farmed and the rest was in grass, but it all could be converted to cropland and would be competitive with the best cropland in the county, according to the sale bill. The overall soil productivity rating was 83.9. The nearly level fields were square quarters and could be farmed efficiently, with minimal waste areas. It was a good fit for large, modern farm equipment, according to the sale bill. — Auction conducted and managed by United Country/Advantage Land Co., Brookings, S.D. Phone: 605-692-2525. advantagelandco.com

'Good dirt' brings $6,800/acre at auction
Two tracts of land in Hanson County, S.D., sold in September. Eighty acres of cropland with a productivity index of 80 sold for $6,800 per acre. “This is good dirt,” the sale bill read. The second tract — about 160 acres — sold for $4,300 per acre. About 109 acres was being farmed. The rest was trees, hayland and pasture. — Auction conducted and managed by Bob Hansen Land Auctions, Salem, S.D. Phone: 605-425-2608. hansenauction.com

Top-notch hunting
158 acres in Yankton County, S.D. sold for $2.940 per acre at an auction in September. Approximately 80 acres of the property was being farmed. The rest consisted of a pasture and a lake created by three dugouts. “The lake maintains a good water level through most years and provides awesome waterfowl production,” according to the sale bill. “This property could be developed into a top-notch hunting paradise for waterfowl, pheasant and big game. The land being farmed would be great area to enroll in CRP [Conservation Reserve Program].” Three electric transmission towers were on the land. — Auction managed and conducted by Wieman Land & Auction, Marion S.D. Phone: 800-251-3111. wiemanauction.com.

CRP, pasture in N.D. sold
Approximately 514 acres of contiguous crop and pasture land in Nelson County, N.D., sold for $730 per acre. These tracts had 270 Conservation Reserve Program acres that expired in September, and 245 acres of pasture and grassland with a good water source. The land is located near McVille, N.D., and has direct access to paved county road. — Sold by Farmers National Co.: Rob Loe, Cooperstown, N.D., agent. Phone: 701-797-3276. FarmersNational.com

LaMoure County, N.D., cropland prices
Approximately 256 acres in LaMoure County, N.D., sold in two parcels for $2,200 and $2,950 per acre at an auction in September. The lower-priced parcel consisted of 88 acres, with 80 acres of cropland. The soil productivity index was 64.6. About 43 acres of the parcel had a soil productivity index of 75+. The higher-priced parcel consisted of 168 acres, with 163 acres of cropland and an average soil productivity index of 67.7. About 90 acres had a soil productivity index of 85. — Auction managed and conducted by Pifer’s Auction and Realty, Moorhead, Minn. Phone: 877-700-4099. www.pifers.com.

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