Landwatch

November 2022 Recent Farmland Sales

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

COLORADO, Baca County. Cropland, irrigated and dryland, sold at auction for $696,000. Total acreage for the property, which sold in three tracts, was 640. Average price was $1,087 per acre. The operation held bases in wheat and grain sorghum. The sale included four permitted irrigation wells associated with the property that were commingled and one domestic well. Contact: Travis Weaver, Farm and Ranch Realty Inc.; frr@frrmail.com; 800-247-7863; https://www.farmandranchrealty.com/…

INDIANA, Wayne and Union Counties. A highly productive 1,120-acre farm sold at auction for $18.6 million, or about $16,607 per acre. There were 76 registered bidders for the sale as the entire 13 tracts sold. Per-acre prices went as high at $19,545. All the land was bought by one bidder who owns farms in the area. The operation included 220,000 bushels of grain storage, extensive tiling and two machinery barns. Contact: Andy Walther, andy@schraderauction.com; Steve Slonaker, shrder@parallax.ws; Schrader Real Estate and Auction Co. Inc.; 800-451-2709; https://www.schraderauction.com/…

Grant County. Farmland totaling nearly 205 acres sold at auction for $2.5 million, or about $12,195 per acre. The property, offered in three tracts, sold to one buyer. The sale reflected a trend of gain on price paid per point on the Weighted Average Productivity Index (WAPI), selling at $85.32 per point, with a WAPI of 144.4. The annual average for sale price point per WAPI has surged in the area. Halderman's Pat Karst notes in 2021, it was $70.92 per point; it is now at $85.54 per point. Contact: Pat Karst, Halderman Real Estate and Farm Management; patk@halderman.com; 800-424-2324; https://www.halderman.com/…

IOWA, Ida County. A farm totaling about 223 acres sold at auction in three tracts for $5.28 million. One of the three tracts included grain storage and outbuildings on just over 4 acres, and sold for $252,000. Average price per acre on the cropland was reported at $23,677. The operation held bases in corn and soybeans. Contact: Ben Hollesen, Midwest Land Management; office@midwestlandmanagement.com; 712-253-5779; https://www.midwestlandmanagement.com/…

KANSAS, Gove and Thomas Counties. Property totaling 720 acres sold at absolute auction for $1.18 million. The land sold in five tracts, three of them by the acre. On those three, average price per acre was $1,271. The remaining two tracts sold as a whole, one for $50,000 and one for $255,000. The land was described as a mixture of expired CRP ground, grass, campus lots and the Oakley Horse Facility. There was a crop base in wheat on one of the tracts. Contact: Donald Hazlett, Farm and Ranch Realty Inc.; frr@frrmail.com; 800-247-7863; https://www.farmandranchrealty.com/…

MINNESOTA, Grant County. Farmland totaling about 291 acres sold at auction in two parcels for $2.9 million, or an average of $9,966 per acre. The property held bases in wheat, corn and soybeans. It sold to one buyer. Contact: Steve Dalen, sdalen@pifers.com; Pifer's Land Auctions; 701-893-8517; https://www.pifers.com/…

NORTH DAKOTA, Richland County. A 629-acre farm operation sold at auction for $5.15 million. The land, which held bases in wheat, corn and soybeans, sold in three parcels to one buyer. Average price across the whole was about $8,188 per acre. Contact: Kevin Pifer, kpifer@pifers.com; Pifer's Land Auctions; 701-238-5810; https://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 https://about.dtnpf.com/…

-- Follow Vicki on Twitter @myersPF

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