Landwatch

February 2024 Recent Farmland Sales

Katie Micik Dehlinger
By  Katie Micik Dehlinger , Farm Business Editor
Per Acre Prices (Progressive Farmer)

ILLINOIS, Douglas & Coles Counties. A property totaling 853 acres divided into nine tracts sold for more than $14.432 million, or an average of $16,919, in an online auction. Productivity indexes ranged from 126.6 to 140.4, and over the past three years, corn yields have averaged about 220 bushels per acre (bpa), with soybeans at 70 bpa. Many of the offerings boasted tile work and/or grain storage. The two farms, located in Coles County, brought the highest ($20,100 per acre) and lowest ($14,250 per acre) prices of the sale. Two of the tracts in Douglas County sold for $19,000 per acre, while the remainder sold for between $15,650 and $16,300 per acre. Contact: David Smith, Sullivan Auctioneers; sold@sullivanauctioneers.com, 844-847-2161; https://www.sullivanauctioneers.com/…

INDIANA, Howard County. A 230-acre farm sold for $4.475 million, or an average of $19,457 per acre. The property was auctioned in four tracts and included a home, a detached garage, a pole barn and three ancillary barns. The farm's weighted average productivity index for corn ranged from 146 to 149. Contact: Sam Clark, samc@halderman.com; or Larry Jordan, lj@halderman.com; Halderman Real Estate and Farm Management; 800-424-2324; https://www.halderman.com/…

KANSAS, Sherman & Cheyenne Counties. Eight tracts of land encompassing 1,120 acres sold at public auction for $3.822 million, or an average of $3,413 per acre. The sale included about 305 irrigated acres, 642 dryland acres and 145 acres of pasture. Five of the tracts also included gas wells with mineral rights. The largest parcel was the only one in Cheyenne County. It included nearly 260 dryland acres and 55 acres of pasture, and sold for $2,200 per acre. The sale's pasture-only parcel sold for $900 per acre. A quarter section (160 acres) with more than 120 acres under irrigation and the most corn base acreage sold for $6,400 per acre. Contact: Donald Hazlett, Farm and Ranch Realty Inc.; frr@frrmail.com, 800-247-7863; https://www.farmandranchrealty.com/…

MICHIGAN, Clinton County. A dairy farm situated on 160 acres sold for $3.125 million, or $19,531 per acre. The 118 tillable acres were valued at $8,500 per acre. The property had 19 buildings including a double-12 milking parlor, three freestall barns and two residences. Contact: Steve Herr, Farmers National Co.; SHerr@farmersnational.com, 810-569-5638; https://www.farmersnational.com/…

MISSOURI, Caldwell County. A 151-acre farm with corn, soybean and wheat base acres sold in a timed online auction for $6,452 per acre, or $974,222. The seller previously signed an easement allowing for a transmission line to be constructed across the property with a pedestal to be added in 2025. Contact: Rachel Tiffany, DreamDirt Farm and Ranch Real Estate and Auction; rachel@dreamdirt.com, 515-954-8063; https://www.dreamdirt.com/…

SOUTH DAKOTA, Minnehaha County. A 147-acre farm sold in two tracts for $2.343 million, or an average of $15,939 per acre. While the second tract included the potential for future home sites, the gently rolling, 141 cropland acres primarily consisted of silty clay loam soils. Contact: Chuck Sutton, Sutton Auctioneers and Land Brokers; office@suttonauction.com, 605-336-6315; https://www.suttonauction.com/…

VIRGINIA, Orange County. A 448-acre farm sold via private sale for $2 million, or $4,464 per acre. The property included 107 acres of pasture or grassland, 338 wooded acres, barns and a home. Contact: Gayle Harvey, Gayle Harvey Real Estate Inc.; gayle@gayleharveyrealestate.com, 434-220-0256; https://www.gayleharveyrealestate.com/…

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-- These sales figures are provided by the sources and may not be exact because of rounding.

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