Landwatch

January 2022 Recent Farmland Sales

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

ILLINOIS, Saline County. A 294-acre property offered in two tracts sold at auction for $1.96 million, or about $6,666 per acre. Tract 1, made up of 150 acres, was described as having a weighted average PI of 100.8 and included a grain bin and abandoned oil well. Tract 2, with a weighted average PI of 98.7, included a pond. The land was just east of Eldorado and had been in wheat, corn and soybean production. Contact: Elizabeth Strom, Murray Wise Associates LLC; liz@mwallc.com; 217-531-1232; www.MurrayWiseAssociates.com

IOWA, Monona County. A 397-acre farm sold in five tracts at auction for a total price of $2.48 million, or an average of $6,246 per acre. The property was a mix of pasture, timber and row-crop land, and sold with a minimum bid set for each tract. Total tillable/pasture acres were 365.62. The property came out of the Marvin Gunlogson Estate and was sold subject to current tenants' lease, with full possession for the 2022 crop season. Contact: Jason Smith, DreamDirt Farm Real Estate and Auction; jason@DreamDirt.com; 515-537-6633; www.DreamDirt.com

Humboldt County. In a leaseback sale, 235 acres of high-quality row-crop land sold for $14,680 per acre, or a total price of $3.45 million net to seller. Contact: John Kirkpatrick, Murray Wise Associates LLC; john@mwallc.com; 217-531-1232; www.MurrayWiseAssociates.com

KENTUCKY, Union County. A 31-acre horse farm with a large home, horse barns and other improvements sold at auction for $1.06 million to two buyers. Average price per acre was $34,193. One of the two parcels was described as being close to town and having utilities available, making it an excellent site for development or residential use. Contact: Jason Blue, Kurtz Auction and Realty Co.; jason@kurtzauction.com; 812-452-3191; www.KurtzAuction.com

MINNESOTA, Clay County. Highly productive Red River Valley cropland totaling 145.54 acres sold at auction for $1.02 million to a single buyer. Average price per acre was $7,008. The land held all Class II soils, with a soil productivity index of 89.5. The land was planted to corn in 2021. Contact: Kevin Pifer, Pifer's Land Auctions; kpifer@pifers.com; 701-238-5810; www.Pifers.com

MISSOURI, Howard County. A 231-acre farm with 159 tillable acres sold at auction for $1.53 million. Average price per acre was $6,623. The property included 1 mile of road frontage. Contact: Brent Voorheis, Voorheis Auction and Realty LLC; brent@VoorheisAuction.com; 573-808-3989; www.VoorheisAuction.com

NORTH DAKOTA, Slope County. Productive cropland totaling 924.29 acres sold at auction in six tracts for a total price of $2.3 million. Parcel prices by acre ranged from $2,575 to $2,100. Average over the entire acres was $2,488. The property sold to one buyer. This was a multigenerational property, all contiguous with the exception of a single tract. Crops produced on the farm in 2021 included wheat and peas. Contact: Andy Mrnak, andy@pifers.com; or Jim Sabe, jsabe@pifers.com; Pifer's Land Auctions; 701-523-7366; 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

-- Follow Vicki on Twitter @myersPF

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