Landwatch

August 2021 Recent Farmland Sales

Victoria G Myers
By  Victoria G. Myers , Progressive Farmer Senior Editor
Per-Acre Prices (Progressive Farmer)

ARKANSAS, Drew County. A 1,134-acre farm with 1,070 cropland acres sold to an investor for $4.8 million, or $4,232 per acre. The farm was contiguous, leveled and irrigated. Soils were silt loam and used to produce cotton, corn and soybeans. The sales price included a farm headquarters, home, shop and 90,000 bushels of grain storage. The property was leased to a local farmer. Contact: Cole Fields, BrokerSouth Ag; cole.fields@gmail.com; 318-512-5325; www.brokersouthag.com.

GEORGIA, Early and Miller Counties. A mix of farm ground and woodlands totaling 314 acres sold for $1.05 million, or $3,343 per acre. The property included 150 acres of irrigated row-crop land and 98 acres of dry row-crop land. Crop bases in peanuts and cotton were held. Sale was by sealed bid, with a local landowner buying the property. Contact: Gene Cook, Gene Cook and Associates Inc.; gene.cookassoc@windstream.net; 229-524-2602.

IOWA, Howard County. Four adjacent tracts totaling about 148 acres sold to a longtime tenant farmer for $850,000, or $5,743 per acre. The seller was an Ohio farmer who reinvested into property in his home state as part of a 1031 exchange (see listing below for Ohio, Putnam County). Contact: Lee Schroeder, Schroeder Law LLC; lee@leeschroeder.com; 419-659-2058.

IOWA, Kossuth County. A 638-acre farm sold in six tracts at auction, bringing more than $7.8 million. Average price per acre was $12,225, with parcel averages ranging from $10,650 to $14,700 per acre. Buyers were local farmers. Contact: Michael Koenecke, Cotton-Grave Farm Management and Realty; mike@cottongrave.com; 712-262-6425; www.cottongrave.com.

KANSAS, McPherson County. Two tracts of level, productive farmland totaling 219 acres sold by private treaty to area farmers. One tract, totaling 78 acres, sold for $273,000, or $3,500 per acre. The second tract, 141 acres, sold for $479,400, or $3,400 per acre. Contact: Bill Oswalt, Oswalt Auction and Realty; oswaltauction@lrmutual.com; 620-897-6354; www.oswaltauction.com.

KENTUCKY, Meade County. A 181-acre farm sold in one tract to two adjoining farmers for $1.49 million, or $8,232 per acre. Of the total, 167 acres were tillable. Contact: Stephen Barr, Barr Realty and Auction Co. Inc.; auctioneer@bbtel.com; 270-422-2136; www.barrrealtyauction.com.

LOUISIANA, West Carroll Parish. Irrigated farmland totaling 400 acres sold for $1.95 million, or $4,875 per acre. The property had a strong production history in sweet potatoes, corn and soybeans. Contact: Carroll Fields, BrokerSouth Ag; carroll.fields@gmail.com; 318-348-0481; www.brokersouthag.com.

MISSOURI, Adair County. An auction of 210 acres brought $1.53 million, or $7,285 per acre. The property was highly productive cropland in a no-till, corn/soybean rotation. Portions of the acreage provided excellent hunting. Improvements included a metal building, three grain bins and a grain auger. Contact: Bill Fretwell, Sullivan Auctioneers LLC; sold@sullivanauctioneers.com; 660-341-7735; www.sullivanauctioneers.com.

OHIO, Putnam County. A 63-acre tract, including a home and barn, sold in private sale for $880,000, or $13,968 per acre. Most of the purchase price was paid through a 1031 exchange after the buyer sold property in Iowa (see listing above for Iowa, Howard County). Contact: Lee Schroeder, Schroeder Law LLC; lee@leeschroeder.com; 419-659-2058.

**

-- These sales figures are provided by the sources and may not be exact because of rounding.

-- Submit recent land sales to landwatch@dtn.com.

-- Find current listings at about.dtnpf.com/landwatch.

[PF_0821]

Victoria Myers