Landwatch

August 2020 Recent Farmland Sales

Per-Acre Prices (Progressive Farmer image by Progressive Farmer)

KANSAS, Sherman County. Two tracts, one grassland and one CRP acreage, sold at auction for $636,000. The tracts, which totaled 640 acres, brought an average price per acre ranging from $900 to $1,200. Average across the whole property was $994. The CRP acres totaled 199, with a contract set to expire at the end of September 2020. The pasture ground is described as well-watered with a windmill in the south-central part of the property and a submersible well with a 3/4-mile pipeline in the west-central area. The property is subject to a pipeline easement. Contact: Donald L. Hazlett, Farm and Ranch Realty Inc.; info@frrmail.com; 800-247-7863; www.farmandranchrealty.com.

Washington County. Three tracts of farmland totaling 237 acres sold at auction for $650,000. Average price across the farm was $2,743 per acre. The farm included cropland, hardwood bottoms and hay ground. It held bases in wheat, grain sorghum and soybeans. A home was included on the property. Contact: Jeff Dankenbring, jeff@midwestlandandhome.com, or Mark Uhlik, mark@midwestlandandhome.com, Midwest Land and Home; 785-325-2740; www.midwestlandandhome.com.

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KENTUCKY, Ohio County. A 317-acre property with hunting, recreational and marketable timber ground sold for $500,000. Timber totaled 287 acres, cropland/food plots 30 acres. There was a 1-acre lake on the property, described as excellent hunting ground with a gated entrance. Average price per acre was $1,577. Contact: Joseph Mills, Kurtz Auction and Realty; jmills@kurtzauction.com; 270-926-8553; www.kurtzauction.com.

MINNESOTA, Marshall County. A 1,757-acre farm sold in eight parcels for a total price of $1.98 million. Average per-acre prices ranged from $1,070 to $1,200, with an average price across the entire property of $1,128. The property was a mix of cropland -- mostly with bases in wheat, oats and barley -- mature trees and hunting ground. Part of the land had been in the CRP program, but that ground came out and was farmed in 2019. Contact: Lindsey Brown, lbrown@pifers.com, Pifer's Land Auctions; 877-700-4099; www.pifers.com.

NORTH DAKOTA, Stark County. Crop and pastureland totaling 792 acres sold at auction for $1.75 million. The acreage was auctioned in four parcels, with prices ranging from $2,000 to $2,300 per acre. Total average per-acre price across the property was $2,211. Cropland in this sale came with weighted Soil Productivity Index (SPI) levels by tract ranging from 40.4 to 74.5. All parcels had base acres in wheat, corn and lentils. Contact: Kevin Pifer, kpifer@pifers.com; Pifer's Land Auctions; 877-700-4099; www.pifers.com.

TENNESSEE, Hardin County. Seven tracts on Horse Creek totaling 312 acres sold at auction for $552,090. The price included a 10% buyer's premium. Average price across the property came to $1,770 per acre. The property is about 10 miles from Pickwick Lake and was offered for sale for the first time in generations. It featured paved and creek frontage. The land was described as ideal for cattle and horses, and included hardwood timber and hunting areas. All homesites had electricity available to them. Contact: Will McLemore, McLemore Auction Co.; will@mclemoreauction.com; 615-636-9602; www.mclemoreauction.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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