Landwatch

June 2024 Recent Farmland Prices

Katie Micik Dehlinger
By  Katie Micik Dehlinger , Farm Business Editor
Per-Acre Prices (Progressive Farmer)

ARKANSAS, Lincoln, Desha, Chicot and Ashley Counties; and MISSISSIPPI, Washington and Bolivar Counties. A large portfolio of row-crop farms totaling 11,628 acres (10,763 in cultivation) recently sold for $75.1 million, or $6,459 per tillable acre. The farms are all prevision-leveled with outstanding water, yields and drainage, and have raised a mix of soybeans, rice, corn and cotton. Although divided into nine tracts, they all sold to the same buyer. Contact: Stacey Gillison, Scott Gillison or Drew Burton, Agriworld Farm Investments; d.burton@agri-world.com; 870-265-3276; https://www.agriworldinc.com/…

GEORGIA, Terrell County. A 230-acre farm sold via online auction for $1.25 million, or $5,435 per acre. The farm includes 165 acres under center-pivot irrigation, 51 dryland acres and 14 wooded acres. It has corn, soybean, peanut and wheat base acres. Contact: Joe Durham Sr., J. Durham and Associates; jdurham@jdurhamauctions.com; 229-881-1490; https://jdurhamauctions.com/…

ILLINOIS, Ogle County. A 148-acre property with 142.5 tillable acres and a 141.6 productivity index sold in a private sale for $1.85 million, or $12,500 per acre. The farm's soils are composed mainly of Plano silt loam, Drummer silty clay loam and Elburn silt loam. Based on tillable acres, it has a weighted average corn yield of 198.2 bushels per acre. Contact: Mark Mommsen, Martin, Goodrich and Waddell; mark.mommsen@mgw.us.com; 815-756-3606; https://mgw.us.com/…

IOWA, Dallas County. A 169-acre property sold at auction for $1.97 million, or $11,657 per acre. The property, with soil ratings in the mid-80s, sold in three tracts. An 80-acre tract with primarily tillable acres sold for $14,100 per acre. The other two tracts were more wooded and advertised as potential future building sites. The second tract, at about 34 acres, was about 60% tillable. The third tract was 55 acres and about 40% tillable. They both sold for $9,500 per acre. Contact: Matt Adams, Peoples Co.; matt@peoplescompany.com; 515-222-1347; https://www.peoplescompany.com/…

KANSAS, Logan and Thomas Counties. Two 160-acre quarter sections sold at a hybrid auction for a total of $952,000. The Logan County quarter section sold for $3,250 per acre, while the Thomas County parcel sold for $2,700 per acre. Both are dryland farms. Contact: Ron Evans, Farm and Ranch Realty Inc.; frr@frrmail.com; 719-342-2997; https://www.farmandranchrealty.com/…

KENTUCKY, Daviess and Ohio Counties. Two tracts containing a total of 75 acres sold at auction for $691,114. The nearly 18-acre tract includes 15 acres of gently rolling pastureland, a three-bedroom, 1,758-square-foot home and a 30- x 40-foot pole barn. It sold for $322,500, or $17,917 per acre. A mostly wooded plot containing nearly 58 acres sold in three tracts to one buyer for $368,614, or $6,355 per acre. It had about 6 acres of open land used as food plots and a 2.4-acre lake. Contact: Clay Taylor, Kurtz Auction and Realty Co.; clay@kurtzauction.com; 800-264-1204; https://www.kurtzauction.com/…

MINNESOTA, Goodhue County. An 88-acre organic crop farm sold in an online auction for $825,508, or $9,381 per acre. The farm's sloping topography offers good drainage with a variety of conservation measures, waterways and cover crops. Contact: Brian Haugen or Kelly Bolin, LandProz Real Estate; info@landproz.com; 844-464-7769; https://landproz.com/…

MISSOURI, Ralls County. Three tracts of farmland totaling 313 acres sold in an online auction for $2.93 million, or an average of $9,361 per acre. Tract 1 totaled about 100 acres and sold for $9,500 per acre. Tract 2, 57 acres, is across the street from Tract 3, 156 acres. They sold for $10,100 and $9,000 per acre, respectively. The farm's NCCPI rating is in the low 70s. Contact: Steve Zeiger, Sullivan Auctioneers; sold@sullivanauctioneers.com; 844-847-2161; https://sullivanauctioneers.com/…

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

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