Kansas Farmer Logo

Even as investors watch land values for hints of a bubble about to burst, Kansas land continues to sell for terrific prices

PJ Griekspoor, Editor, Kansas Farmer

June 26, 2016

8 Min Read

Even as land values watches continue to pay attention to the potential for a bubble to burst in farmland values, good quality land continues to bring terrific prices in Kansas.

In a Cloud County sale that closed May 18, 160 acres of top quality cropland with productive soils and a solid yield history, sold for $4,687.50 per acre. The land had the added advantage of being located close to a grain market with blacktop roads on two sides.

The seller was not disclosed. Farmers National Company handled the sale.

Rawlins County

top_quality_cloud_county_land_sells_more_4600_per_acre_1_636025793997919012.jpg

About 320 acres of cropland and grassland in Rawlins County was sold at auction on May 13. The land sold in a single tract and included mineral rights. The sale price as $1,350 per acre. The seller was Dean Portschy. Farm and Ranch Realty of Colby handled the sale.

Pawnee County

About 150 acres of Pawnee County dryland cropland was sold at auction on May 25. The property brought $1,100 per acre. The seller was not disclosed. Carr Auction and Real Estate of Larned handled the sale.

In another Pawnee County sale that closed on April 22, about 320 acres of land on the Ness/Pawnee County line brought $1,150 per acre. The land has well maintained terraces and a strong production history. The seller was not disclosed. Farmers National Company handled the sale.

Montgomery County

About 260 acres of fine bottom farmland and pasture with a 2,200-square-foot house, barns, wins, a lake, wildlife and more was sold on April 18.

Tract 1, 60 tillable acres of bottom land planted to wheat was sold with mineral rights and was bid in at $3,950 per acre.

Tract 2, about 189 acres in a combination of tillable land, pasture land, timber pasture, a spring-fed lake and a timber area with the house and outbuildings sold for $3,150 per acre. The seller was the Palmer Family Trust. Dave Webb Realty of Stilwell handled the sale.

Lincoln County

About 240 acres of cropland in Lincoln County was sold at auction in two tracts on May 20.

Tract 1, about 80 acres of cropland with two windmill leases sold for $4,600 per acre.

Tract 2, about 160 acres with 118 in crops and about 41 in grass, brought $975 per acre.

The seller was the Zahradnik Trust. Farm and Ranch Realty of Colby handled the sale.

Thomas and Logan Counties

About 800 acres of cropland and grass in Thomas and Logan counties was sold at auction on May 24. The property was sold in two tracts, one in each county.

Tract 1, about 640 acres with 375 in cropland acres and 265 in grass and roads in Thomas County sold for $1,275 per acre.

Tract 2, about 160 acres, all cropland in Logan County, sold for $975 per acre.

The seller was Starns Farms. Farm and Ranch Realty handled the sale.

Wichita, Kearny, Greeley, Hamilton and Gove Counties

About 1,600 acres of cropland and grassland enrolled in the Conservation Reserve Program was sold  at auction on June 7.

Tract 1, about 320 acres of cropland in Wichita County brought $1,450 per acre.

Tract 2, about 32o acres of cropland, also in Wichita County, also brought $1,450 per acre.

Tract 3, about 320 acres with 200 in crops and the remainder in CRP, brought $725 per acre while tract 4, about 160 acres of Greeley County cropland, brought $1,300.

Tract 5, about 160 acres of Greeley County cropland, was bid in at $1,050 while tract 6, about 160 acres of Hamilton County cropland, was bid in at $500 per acre.

Tract 7, the final quarter-section of Hamilton County cropland, brought $550 per acre.

Tract 8, about 160 acres was 150 acres of cropland with 10 acres in grass and roads, sold for $900 per acre.

Tract 9, another 160 tract of land with 138 acres in crops and the remainder in CRP sold for $1,250 per acre.

The sellers were Elkins Dairy LLC, Hildebrand Trust, Donald Hansen, Mark and Pam Kitch and Fred and Alberta Young. Farm and Ranch Realty handled the sale.

Ness County

About 1,280 acres of land in Ness County, a mix of quality cropland, grassland and recreation and hunting properties with irrigation potential was sold on March 15. The property was offered in seven tracts but all sold together for $1,378 per acre. The seller was VonLehe. Farmers National Company handled the sale.

Sedgwick County

About 180 acres of Sedgwick County land with an irrigation pivot located east of Bentley was sold at auction. The property brought $6,050 per acre. The seller was Wendy Black. Farmers National Company handled the sale.

Harvey County

About 480 acres of Harvey County dryland cropland was sold in three tracks in a recent auction.

Tract 1, about 160 acres of dryland cropland brought $4,000 per acre. Tract 2, another 160 acres of dryland cropland, sold for $3,600 per ace while Tract 3, about 80 acres, brought $3,200 per acre whole the final 80 acres brought $3,000 per acre. The sellers were the Duguid Family. Farmers National Company handled the sale.

Butler County

Surface rights to about 140 acres of dryland cropland was sold in a recent auction. The property sold three tracts. The first, about 60 acres of cropland, brought $2,500 per acre, while the second tract, about 100 acres brought $24525 per acre. The final 40 acres of pasture brought $3,800 per acre. The sellers were the Duguid Family. Farmers National Company handled the sale.

Sumner County

About 793 acres of cropland in Sumner County were sold in an auction that closed in May. The sale was surface rights only and the property was offered in six tracts.

Tract 1, about 84 acres, sold for $1,950 per acre, while Tract 2, about 75 acres, brought $2,200 per acre.

The third tract, a quarter-section, was bid in at $1,900 per acre, while Tract 4, another quarter-section, brought $1,500 per acre.

Tract 5, about 164 acres was sold for $1,270 per acre while Tract 6 brought $1,350 per acre. The seller was the Wolf family.

In a separate Sumner County sale, a farm totaling 156 acres was sold in May in two tracts. Tract 1, about 141 acres of cropland, brought $2,900 per acre. Tract 2, about 15 acres of cropland with a building site brought $4,200 per acre. The Orth Family was the seller.

Farmers National Company handled both sales.

Cherokee County

About 90 acres of Cherokee County land described as a "one of a kind" property was sold on Aprill 25.

The recreational land, heavily wooded, with Willow Creek running through it and a half mile offspring River frontage, is located on the edge of Baxter Springs. It provides an ideal weekend retreat location with possible building spot overlooking the river. The land offers hunting, fishing, four-wheeler, and horseback riding opportunities.

The property brought $114,900 or $1,436 per acre. The seller was not disclosed. Farmers National Company handled the sale.

Riley County

A small Riley County farm of 49 acres of very productive upland farmland was sold in May. The property has all weather access and is four and a half miles west of Riley on Highway 24. It sold for $4,693 per acre. The seller was not disclosed. Farmers National Company handled the sale.

Stevens County

Faulker Real Estate and Auction handled three sales of farmland in Stevens County in May.

The first sale, about 395 acres of irrigated farmland was sold at private auction. The land brought $1,500 per acre. The seller was Flummerfelt.

The second sale, about 156 acres of farmland that had been enrolled in the Conservation Reserve Program, brought $725 an acre. The seller was Dorchester.

The final sale was two parcels of land currently enrolled in CRP. The first parcel, about 80 acres brought $650 an acre. The second parcel, 434 acres of CRP ground, also brought $650 per acre.The seller was Burrows.

Seward County

Three Seward County properties sold at private auction in May. The first, 310 acres of dryland cropland brought $725 an acre. The second, 120 acres of producing minerals, was bid in at $10,500 while third property, a disposal well in a 2-acre tract, brought $26,000. The seller was Morgan. Faulkner handled the sale.

Morton County

Three tracts of Morton County farmland were sold in Morton County in May.

The first, about 160 acres of farmland in expired CRP, brought $410 an acre. The second, about 13 acres of expired CRP, brought $410 per acre. The final tract, another 160 acres of expired CRP ground, sold for $410 per acre. The seller was Warring. Faulkner handled the sale.

Grant County

About 160 acres of farmland enrolled in CRP was sold at private auction in Grant County. The land brought $725 per acre. The seller was Loar. Faulkner handled the sale.

Texas County, Okla.

About 2,500 acres of native grass pasture was sold at private auction in Texas County, Oklahoma in May. The land brought $450 per acre. The seller was Tucker. Faulkner handled the sale.

Otero County, Colo.

About 1,390 acres of irrigated cropland, grass and farmsteads was sold in five tracts on May 17. The farm is located near Rocky Ford, Colo. had has ample water shares on the highline, Otero and Catlin ditches.

Tract 1, about 300 acres mostly in irrigated cropland, Tract 2, about 750 acres with 434 acres in irrigated cropland and 315 acres in grass and farmsteads, and Tract 3, about 170 acres, 134 in irrigated cropland and 36 in grass and farmstead sold together for $1,281 per acre.

Tract 4, about 160 acres, 128 in irrigated cropland and 32 in grassland and farmsteads, was bid in at $2,100.

Tract 5, 11 acres with a 2,778-square-foot house, two 20,000 bushel grain bins with drying floor and grain auger and a 36x40 open shed brought$15,000 per acre. The sellers were Jean L. Proctor and Hidden Valley Ranches Inc. Farm and Ranch Realty of Colby handled the sale.

About the Author(s)

Subscribe to receive top agriculture news
Be informed daily with these free e-newsletters

You May Also Like