Landwatch

Recent Farmland Sales in Colorado, Indiana, Kansas, Kentucky, Michigan, Mississippi, Nebraska, Ohio

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

COLORADO, Kiowa County. Dryland totaling 1,531 acres sold at auction for $2.6 million. The land was close to the Kansas border and was described as prime dryland for the area. Average per-acre price of $1,698 was one of the best ever posted here. The property held bases in wheat, corn and grain sorghum. Mineral rights owned by seller were retained by seller. The property was subject to a wind lease. Contact: Larry Hostetler, Colorado Land Investments I, LLC; info@cololand.com; 719-346-8661; https://www.cololand.com/…

INDIANA, Knox County. A 1,694-acre property offered in 15 tracts sold at auction in its entirety for $13.54 million. Average price per acre is $7,993. The live auction attracted capacity crowds, with the buyer taking the property as a whole as part of a 1031 exchange. Contact: Auction agents Brad Horrall or Drew Lamle, Schrader Real Estate and Auction Co.; 800-451-2709; https://www.schraderauction.com/…

KANSAS, Wallace County. A 960-acre farm with irrigated dryland, grass, CRP and a farmstead, sold at absolute auction in one piece for $3.264 million. Average per-acre price was $3,400. At the time of sale, there were 284 acres planted to dryland wheat. Buyer was to receive landowner's third share of the crop and pay landowner's third share of fertilizer expenses. Seller retained 100% of the 2022 corn and pinto bean crops. The property held base acres in wheat, corn and grain sorghum. Contact: Travis Weaver, Farm and Ranch Realty Inc.; frr@frrmail.com; 800-247-7863; https://www.farmandranchrealty.com/…

KENTUCKY, Ohio County. Four tracts of mostly wooded land totaling about 295 acres sold at auction for $919,128, or an average of $3,116 per acre. One of the tracts, which was 91 acres with 23 acres tillable and a 5-acre duck hole, sold for $4,000 per acre. No mineral rights were included with the land. Contact: Jason Blue, Kurtz Auction and Realty Co.; jason@kurtzauction.com; 812-452-3191; https://www.kurtzauction.com/…

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MICHIGAN, St. Joseph and Kalamazoo Counties. Mumby Farm, a 691.9-acre row-crop operation, sold for $5.1 million, or an average of $7,371 per acre. The property sold in five tracts and was described as partially irrigated and mostly tillable. Contact: Neal Herr, AcrePro Midwest Farm Group; midwestfarmgroup@acrepro.com; 888-958-5049; https://www.acrepro.com/…

MISSISSIPPI, Panola County. A large operation totaling 660 acres, 615 of those cropland, sold for $3.84 million. Average per-acre price was $5,818. The farm was leveled and irrigated, with seven electric wells. It had all silt loam soils. The crop history was cotton, rice and soybeans. Contact: Carroll Fields, BrokerSouth Ag; carroll.fields@gmail.com; 318-348-0481; https://www.brokersouthag.com/…

NEBRASKA, Richardson County. A 116.69-acre tract of farmland sold by timed online auction for $3.197 million. The farm, which will stay in crop production, brought a record-setting $27,397 per acre on average. All mineral rights owned by seller were transferred to buyer. Contact: Jason Smith, jason@dreamdirt.com; DreamDirt Farm and Ranch Real Estate and Auction; 515-537-6633; https://www.dreamdirt.com/…

OHIO, Miami County. An 831-acre farm offered in six tracts sold at auction in its entirety for $8.045 million. Average per-acre price was $9,681. Tract prices ranged from $8,383 per acre to $10,208 per acre. The land sold to four bidders, two of those farmers, one a 1031-exchange buyer and one a hunter seeking recreational property. Contact: Auction agents Andy Walther or Travis Kelley, Schrader Real Estate and Auction Co.; 800-451-2709; https://www.schraderauction.com/…

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-- 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 https://about.dtnpf.com/…

-- Follow Vicki on Twitter @myersPF

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Victoria Myers