Landwatch

September 2023 Recent Farmland Sales

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

INDIANA, Wabash County. A 99.48-acre farm sold in two tracts for $1.44 million, or an average of $14,475 per acre. The property was described as "productive farmland," level to gently rolling. The farm held bases in corn and soybeans. Contact: A.J. Jordan, Halderman Real Estate and Farm Management; ajj@halderman.com, 317-697-3086; or Jon Rosen, jonr@halderman.com; 260-740-1846; https://www.halderman.com/…

IOWA, Wright County. An auction of five parcels of land totaling almost 580 acres sold for about $6.53 million. Parcel per-acre prices ranged from $10,000 to $15,000. Average per-acre price across the whole was $11,259. The property held bases in corn and soybeans. Contact: Eugene Ryerson, Ryerson Auction and Realty Ltd., ryerson@goldfieldaccess.net; 515-448-3079; https://www.ryersonauctionrealtyltd.com/…

KANSAS, Russell County. Ehrlich Farms, a mixed-use 1,200-acre property, sold at auction in five tracts. Interest in mineral rights sold separately. Total sales price was about $2.35 million. Average per-acre tract prices ranged from $1,700 to $2,100. Average, excluding any tract sold as a whole, was $1,958 per acre. The land included cropland, grass, CRP and wildlife habitat. Cropland bases were held in wheat and grain sorghum. Contact: Lance Wolters or Donald Hazlett, Farm and Ranch Realty Inc.; frr@frrmail.com; 800-247-7863; https://www.farmandranchrealty.com/…

KENTUCKY, Muhlenberg County. Eight tracts of property totaling 1,064 acres sold at auction for $1.27 million, or about $1,194 per acre. The land was used for hunting and recreation, and included both lakes and some timber. Tracts were described as mostly wooded, with strip pit lakes and some road frontage. Contact: Joseph Mills, Kurtz Auction and Realty; jmills@kurtzauction.com; 270-926-8553; https://www.kurtzauction.com/…

LOUISIANA, Tensas Parish. Located in a highly sought-after parish, this 511-acre plantation property sold for approximately $3 million. The farm was almost all tillable ground and partially irrigated. Average price per acre was $5,871. Contact: Jerry Brown, Brown Realty Co.; bormond@brownrealtyco.com; 318-728-9544; https://www.brownrealtyco.com/…

NEBRASKA, Pierce and Madison Counties. An auction of six tracts totaling about 957 acres brought $8.61 million, or an average per-acre price of $8,997. Known as Norfolk Farms, the operation was irrigated across about 813 acres and was almost entirely FSA cropland. There was CRP income on some of the tracts. Contact: Eric Sarff, Murray Wise Associates LLC; 800-607-6888; https://www.murraywiseassociates.com/…

OHIO, Madison County. A 668-acre property, nearly all tillable and in large, square fields, sold for $9.88 million, or an average of $14,790 per acre. The farm included 300,000 bushels of grain storage. Contact: Robert McNamara, Halderman Real Estate Services; robertm@halderman.com; 614-309-6551; https://www.halderman.com/…

VIRGINIA, Madison County. A 912-acre farm passed through private sale for an estimated $6 million. The historic farm included a home and two cottages. Tillable acres numbered about 229, with 302 acres described as pasture and 319 as wooded. Average per-acre price was $6,579. Contact: Gayle Harvey, Gayle Harvey Real Estate Inc.; gayle@gayleharveyrealestate.com; 434-220-0256; https://www.centralvafarms.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 Myers on X @myersPF

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