Landwatch

May 2021 Recent Farmland Sales

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

ARKANSAS, Sharp County. A 200-acre property comprised of two wooded parcels sold for $250,000. The property is described as recreational, with hunting areas and home or cabin sites. Average price per acre was $1,250. Contact: Joel King, Peoples Co.; joel@peoplescompany.com; 870-847-0945; www.peoplescompany.com.

ILLINOIS, Champaign and Ford Counties. A 432-acre farmland property sold for $4.1 million at auction. Average price per acre was $9,490, with average per tillable acre at $10,490. The farm was made up of high-quality silt loam soils and had a weighted Productivity Index of 140.9. At the time of auction, the lease was open for 2021. The farm had a history of corn and soybean production. Weighted yield average for corn was 191.7 bushels per acre, soybeans, 61.1 bushels. Contact: Eric Sarf, Murray Wise Associates LLC; eric@mwallc.com; 217-840-0454; www.murraywiseassociates.com.

LOUISIANA, Franklin and Gill Parishes. Farmland totaling 320 acres sold for $1.12 million, or $3,515 per acre. The property was described as all farmland, with sandy loam soils and irrigation across the operation. Contact: Tracey Weems, Brown Realty Co.; tweems@brownrealty.com; 318-728-9544; www.brownrealtyco.com.

KENTUCKY, McLean County. Three noncontiguous tracts totaling about 95 acres sold at auction for $623,900, or an average price of $6,567 per acre. The 92-acre tract, which was almost all cropland, averaged $5,700 per acre. Some land was tiled; otherwise, there were no structures on the 92-acre tract. Contact: Amy Whistle, Kurtz Auction and Realty Co.; amy@kurtzauction.com; 800-264-1204; www.kurtzauction.com.

IOWA, Pocahontas County. An 80-acre tillable tract of farmland sold at auction for $860,000, or $10,750 per acre. The property included a wind turbine and held a 77.5 CSR2 rating. It sold to an investor, with the buyer assuming the current crop share lease for 2021. Contact: John Kirkpatrick, Murray Wise Associates LLC; john@mwallc.com; 515-532-2878; www.murraywiseassociates.com.

MINNESOTA, Marshall County. A 160-acre farm sold in one tract at auction for about $490,000, or $3,062 per acre. All cropland, the acreage had a Soil Productivity Index of 86.5 and included bases in corn and soybeans. Average corn yield was 86 bushels per acre, soybeans, 28 bushels per acre. Contact: Steve Dalen, Pifer's Land Auctions; sdalen@pifers.com; 701-893-8517; www.pifers.com.

NEBRASKA, Dodge County. Irrigated farmland totaling about 240 acres sold in two tracts in a sealed-bid auction for about $2.64 million, or $10,997 per acre. Two pivots were on the property, one staying and one going with the tenant. Contact: Ed Olson, Olson Pearson Auction and Realty; ed.olsonpearson@gmail.com; 800-820-3934; www.olsonpearson.com.

WISCONSIN, Grant County. The Kirschbaum Land and Cattle Co. auctioned 830 acres in six tracts. Total sales price was $4.75 million, or $5,722 per acre. Average acre price by parcel ranged from $3,100 to $9,900. The property, which sold to five buyers, was a mixture of cropland, hunting ground and pasture. Crops produced on the property included corn, soybeans and oats. Outbuildings included a shop, grain storage, a farmstead, hog barn and cattle-working areas. Contact: Dwight Hofland, dhofland@pifers.com, or Bob Pifer, bob@pifers.com, Pifer's Auction and Realty; 877-477-3105; www.pifers.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 about.dtnpf.com/landwatch.

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