Landwatch

Recent Farmland Sales from June 2019

Per Acre Prices, Image by Progressive Farmer

ILLINOIS, Marion County. Contiguous farmland totaling 705 acres sold at auction in nine tracts for $3,295,000, or $4,674 per acre. Of the acreage, 513 acres were tillable, with most of the balance in timber. One tract included a home and outbuildings, including a shop, grain storage and historic barns. There were multiple buyers of this property. Contact: Kenny Schum, MWA Auction and Real Estate; kenny@mwallc.com; 217-398-6400; www.murraywiseassociates.com.

KANSAS, Ness County. CRP acreage totaling 320 acres sold at auction for $336,000, or $1,050 per acre. Mineral rights were intact on the tract, which sold as one unit. Of the total area, about 310.7 acres were enrolled in the CRP program at the time of sale, with the contract lasting through Sept. 30, 2019. The total annual CRP payment is reported at $12,428. Contact: Neal Mann, Farm and Ranch Realty Inc.; info@frrmail.com; 800-247-7863; www.farmandranchrealty.com.

KENTUCKY, McLean County. Three noncontiguous tracts totaling 166.8 acres sold for $965,030, or an average price of $5,786 per acre. The land included 103 acres of gently rolling to flat cropland, with blacktop frontage and a 46.5-acre flat cropland tract with a 30-foot easement. The remainder of the land was wooded and/or open. All coal, oil, gas and mineral rights were reserved. Area farmers bought the land. Contact: Tyler Edge, Kurtz Auction and Realty Co.; tyler@kurtzauction.com;
800-264-1204; www.kurtzauction.com.

Madison County. Approximately 84 acres of pastureland fenced for grazing with woods and a pond sold for $396,000. The average per-acre price was $4,714. Contact: Cliff-Ed Irvin, Irvin Group Realtors and Auctioneers; ceirvin@aol.com; 859-792-2521; www.irvingroup.com.

P[] D[x] M[x] OOP[F] ADUNIT[] T[]

MISSOURI, Platte County. Irrigated bottomland totaling 1,100 acres sold for $5.3 million. Average price was $4,818 per acre, or $5,578 per tillable acre. The farm includes seven center-pivot irrigation systems on separate wells. It sold to a local farm family looking to expand operations. Contact: Dirk Talley, Show-Me Real Estate; dirktalleyre@yahoo.com; 816-532-6101; www.talleyauctions.com.

NEBRASKA, Dodge County. Farmland totaling 160 acres sold at auction to a local farmer for $1,296,000, or $8,100 per acre. The property was in the middle of a section and located just east of Uehling. Contact: Ed Olson, Olson Pearson Auction and Realty; ed.olsonpearson@gmail.com;
402-654-3370; www.olsonpearson.com.

NEW YORK, Yates County. A 136-acre organic farm sold for $895,000, or an average of $6,581 per acre. The property included 90 tillable acres, a 68-tie stall barn, a heifer barn, an equipment barn and a new milk house. There were no silos or long-term manure storage. A three-bedroom home was included in the price. Contact: Jere or Ivan Horning, Horning Farm Agency Inc.; hfa@horningfarmagency.com; 610-286-5183; www.horningfarmagency.com.

NORTH DAKOTA, Cass County. Described as exceptional cropland, two tracts totaling 320 acres sold at auction for $1.67 million, or an average per-acre price of $5,219. The first parcel was 161 acres in size, had 139.3 base acres and reported a strong cropping history with suitability for corn, soybeans and sugar beets. The second parcel included one of the highest-yielding corn parcels on the farm, held 138.04 base acres and was approximately 159 acres in size. Contact: Kevin Pifer, Pifer’s Land Auctions; kpifer@pifers.com; 701-238-5810; www.pifers.com.

Sales figures are provided by the sources and may not compute exactly because of rounding.

Submit recent land sales to landwatch@dtn.com.

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

[PF_0619]

Past Issues

and