Landwatch

July 2019 Recent Farmland Sales

Per-Acre Prices, Image by Progressive Farmer

ARKANSAS, Chicot County. Acreage totaling 1,170, with 1,120 precision-leveled and irrigated acres of cropland, sold for $5.21 million, or $4,450 per acre. The land was mostly clay soils and included 12 electric irrigation wells. Crop history includes corn, soybeans and rice. Contact: Cole Fields, BrokerSouth Ag Investments; cole.fields@gmail.com; 318-512-5325; www.brokersouthag.com.

GEORGIA, Miller County. Property totaling 236 acres sold for $1.05 million, or $4,449 per acre. The land included 150 acres of irrigated cropland and 51 acres of dry row-crop land. Two center pivots and 14 towers were included. The property sold to the farmer who has been working it for the past 16 years. It includes a 118-acre peanut base. Contact: Gene Cook, Gene Cook and Associates; gene.cookassoc@windstream.net; 229-524-2602.

ILLINOIS, Marion County. Property totaling 705 acres sold at auction for $3.29 million, or $4,673 per acre. Of the total, 513 acres were tillable with an average PI rating of 101.7. The property also included timberland. Known as the Borden Farm, the operation began in 1942. Some of the original outbuildings remain and were part of the sale. Contact: Kenny Schum, MWA Auction and Real Estate; kenny@mwallc.com; 217-398-6400; www.murraywiseassociates.com.

IOWA, Marshall County. Two 80-acre parcels in a competitive farming area sold at auction. The first parcel, with a CSR2 soil rating of 97.2, sold for $1.06 million, or $13,200 per acre. The second parcel, with a CSR2 of 93.2, sold for $936,000, or $11,700 per acre. Active bidding at the auction from both farmers and investors played a role in the strong price. Both parcels had open leases for 2019 and corn and bean bases. Contact: Doug Hensley, Hertz Real Estate Services; doug.hensley@hertz.ag; 515-382-1500; www.hertz.ag.

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KANSAS, Norton and Decatur counties. Two tracts of farmland totaling 480 acres sold in an absolute auction for $516,000, or $1,075 per acre. Cropland acres across the property totaled 205, grass acres 248. It was noted that the pasture had excellent winter protection for livestock, as well as two solar wells and a windmill. Mineral rights were intact. Contact: Mike Bailey, Farm and Ranch Realty; info@frrmail.com; 800-247-7863; www.farmandranchrealty.com.

KENTUCKY, Breckinridge County. A 646-acre farm sold in absolute auction for $2.26 million, or $3,496 per acre. The property sold in 28 parcels. It included 354 tillable acres, with the balance in woods and pasture. There were six buyers. Contact: Mark Barr, Barr Realty and Auction Co.; markbarr@bbtel.com; 270-257-2136; www.barrrealtyauction.com.

MINNESOTA, Mahnomen County. Farmland totaling 433 acres sold at auction for $1.52 million, or $3,500 per acre. The land was available to be farmed in 2019 and has a Soil Productivity Index of 84.9. It is adjacent to Vanose Lake, with groves of mature trees and excellent wildlife habitat. Contact: Lindsey Brown, Pifer’s Auction and Realty; lbrown@pifers.com; 701-371-5538; www.pifers.com.

OHIO, Hardin County. Tillable farm ground totaling 187 acres sold in two tracts at auction for $1.63 million, or $8,700 per acre. Terms of the sale include repayment to the estate for the cost of fertilizer applied for 2019 crops of $10,800. The land was open to be farmed in 2019. Contact: Jan Layman, Zimmerman Realty; jan@laymanfarms.com; 419-835-5185; www.zimmermanrealty.com.

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 about.dtnpf.com/landwatch.

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