Land prices may be off their peak, but prime cropland in southeast South Dakota topped $8,000 per acre at an auction in September. Other East River land auction prices ranged from $6,000 to $7,000 per acre. In the North Dakota Badlands, a ranch adjacent to the North Unit of the Theodore Roosevelt National Park sold for an average of $1,670 per acre, although one parcel with a house and barn on it sold for $4,700 per acre.
Lincoln County, SD, land sells for $8,150 per acre
A 160-acre, “very productive” farm in Lincoln County, S.D., sold for $8,150 per acre at a recent auction. The property had a productivity index of 82.6. “This land is virtually all tillable except for the road right-of-ways,” the sale bill said. The property had four rural building eligibilities. — Auction managed and conducted by Sutton Auctioneer and Land Broker, Sioux Falls, S.D. Phone: 605-336-6315. Website: suttonauction.com.
ND Badlands ranch brings $1,670-per-acre average
A 2,000-acre ranch in the North Dakota Badlands sold for an average of $1,670 per acre, with prices of the seven parcels ranging from $825 per acre for grassland to $4,700 per acre for a tract that included the family’s house and barn. The ranch was adjacent to the North Unit of Theodore Roosevelt National Park. The land did not have any oil wells, but the sellers retained the mineral rights. — Auction managed and conducted by Pifer’s Auction and Realty, Moorhead, Minn. Phone: 877-700-4099. Website: pifers.com.
80 acres sells for $7,000 per acre
About 80 acres in Kingsbury County, S.D., sold for $7,000 per acre. It consisted of 73 acres of cropland, with the balance in a small, low-land area in the northwest corner and remnants of a former farmstead in the northeast corner of the tract. If the trees were removed from the old farmstead, an additional 3 acres could be cropped. According to Kingsbury County assessor data, the overall soil rating was 0.770. The Surety Agri Data Inc. productivity Index was 0.769. — Auction managed and conducted by Sutton Auctioneer and Land Broker, Sioux Falls, S.D. Phone: 605-336-6315. Website: suttonauction.com.
Lake County, SD, brings $7,850 per acre
Two farms in Lake County, S.D., totaling 288 acres sold for about $7,850 per acre. “Each has been meticulously farmed and has drain tile installed throughout,” the sale bill said. “These farms will be under a lease for the 2017 crop year, although the sellers have agreed to a $105-per-acre rental enhancement to the purchaser(s), with the buyer(s) to assume the existing cash rental lease on the cropland acres at approximately $210 per acre for the 2017 crop year.” — Auction managed and conducted by Sutton Auctioneer and Land Broker, Sioux Falls, S.D. Phone: 605-336-6315. Website: suttonauction.com.
40 acres near Sioux Falls sells for $5,000
Forty acres of grass in Minnehaha County, S.D., sold for $5,000. The sale bill said the property, which was located on a tar road 15 minutes from Sioux Falls, was a good site for an acreage. “This is a bank sale ... great view, great location and great opportunity,” the sale bill said. — Auction managed and conducted by Wieman Land and Auction Co., Marion, S.D. Phone: 800-251-3111. Website: wiemanauction.com.
Deuel County, SD, land sells for $3,800 per acre
A 338-acre farm in Deuel County, S.D., sold for $3,800 per acre. It was primarily made up of “strong Vienna-Barnes, Kranzburg-Brookings and Hamerly-Badger soils,” the sale bill said. It had a Surety AgriData productivity index of 70.8, “good eye appeal and lays level with very gentle slope,” the sale bill said. All 338 acres were planted to soybeans in 2016. — Auction managed and conducted by Burlage Peterson Realty, Brookings, S.D. Phone: 605-692-7102. Website: burlagepeterson.com.
Spink County, SD, land sells for $6,142 per acre
A prime row-crop farm in Spink County, S.D., sold for $6,142 per acre at an auction in September. The 160 acres was in a highly productive farming area and had been owned by the same family since 1943. “With good eye appeal, high soil quality, minimal waste acres, and excellent access, this high-caliber farm has all the attributes row-crop farmers or investors are looking for in a quality investment,” the sale bill said. — Auction conducted and managed by United Country/Advantage Land Co., Brookings, S.D. Phone: 605-692-2525. Website: advantagelandco.com.