Landwatch

Recent Farmland Sales

Victoria G Myers
By  Victoria G. Myers , Progressive Farmer Senior Editor

COLORADO:

Weld County. A 144-acre parcel of property zoned for farmland sold for a total of $4.26 million. This included water and minerals estimated to be worth a minimum of $1.6 million. Average per-acre price of the land was $29,583. The land, which is currently being farmed, is adjacent to developed commercial property. Contact: Lar Voss, Western Land and Water LLC; Lar@LarVoss.com; 970-204-9300; www.westernlandandwater.com.

IOWA:

Lyon County. A highly productive corn and soybean farm totaling 320 acres sold in three tracts for a total price of $3.36 million. Corn-yield potential was reported to be 200-plus bushels per acre; soybean yield potential, 65-plus bushels per acre. Tract prices ranged from $9,300 per acre for land with a CSR2 rating of 92.2 to $10,500 per acre (CSR2 of 96.5) to $11,125 per acre (CSR2 of 95.1). Average price across the entire property was $10,512 per acre. Contact: Chuck White, Agriland Inc.; white@ncn.net; 712-580-3553; www.agrilandinc.com.

KANSAS:

Thomas County. Two farmland tracts totaling 327 acres sold at auction for a total price of $759,465. The property included wheat and corn base acres. Tenant retained 100% of 2018 crops. The first tract, 245.8 acres of cropland, sold for an average price of $2,625 per acre; the second, 81.6 acres of grassland, sold for $1,400 per acre. Average across the entire property was $2,323 per acre. Contact: Don Hazlett, Farm and Ranch Realty Inc.; info@frrmail.com; 800-247-7863; www.farmandranchrealty.com.

NORTH DAKOTA:

Foster County. A large farm property totaling 908 acres sold in six parcels at auction, bringing a total of $3.63 million. Averages across the parcels ranged from $3,900 per acre to $4,600 per acre. Average across the whole property was $3,998 per acre. There were three buyers for this highly productive cropland, situated close to major highways, railroads and multiple market access points. The soil productivity index was reported in the high 70s to mid-80s, and the soils were described as well-drained. Contact: Alan Butts, Pifer’s Land Auctions; alanb@pifers.com; 701-400-8858; or Kevin Pifer, Pifer’s Land Auctions; kpifer@pifers.com; 701-238-5810; www.pifers.com.

OKLAHOMA:

Major County. Property totaling 164 acres sold at auction for a total price of $676,000, or an average of $4,122 per acre. The land was a combination of grass pastures, cropland, minerals and a pond. Contact: Troy Lippard, Lippard Auctioneers Inc.; troy@lippardauctions.com; 580-747-6747; www.lippardauctions.com.

SOUTH DAKOTA:

Harding County. Cropland, grazing land, natural water and stock dams totaling 540 acres sold at auction for $756,000, or an average of $1,400 per acre. There was one buyer. Contact: Andy Mrnak, Pifer’s Land Auctions; andy@pifers.com; 701-206-1095; or Jim Sabe, Pifer’s Land Auctions; jsabe@pifers.com; 701-523-6283; www.pifers.com.

TEXAS:

Knox County. Irrigated cropland totaling about 93 acres sold for a total price of $194,460. Average was $2,091 per acre. The land was reported to have an average irrigated wheat yield of 42 bushels per acre and an average irrigated cotton yield of 2.65 bales per acre. Contact: Travis Hawkins, KW Land; thawkins@kw.com; 325-370-3710; www.kwland.com.

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