September Recent Farmland Sales
IOWA, Hancock County. Cropland totaling 536 acres sold to an investor buyer for $4.9 million, or $9,142 per acre net to seller. Located at Kanawha, the property was almost all tillable, 524 acres, tiled and had a CSR2 rating of 86. The buyer assumed the existing cash lease in place for 2019. Contact: John Kirkpatrick, Murray Wise Associates; firstname.lastname@example.org; 515-532-2878; www.murraywiseassociates.com.
Audubon County. Highly productive cropland and CRP totaling 116 acres sold for $812,000, or $7,000 per acre. Conservation practices had been actively used, with farming on contoured established waterways. Strategic terracing was used across the property. The farm was leased for the 2019 season. Contact: Matt Adams, Peoples Co.; email@example.com; 515-423-9235; www.peoplescompany.com.
KANSAS, Thomas County. A 472-acre farm sold at auction in two tracts for a total price of $1.76 million. Price per acre across the farm was $3,729. The cropland was irrigated and used for wheat and corn production. Property included three irrigation wells, with electric motors and sprinklers. There was a new oil well on the second tract, which was under an oil and gas lease; 50% of the mineral rights and royalty production transferred to the buyer. Contact: Don Hazlett, Farm and Ranch Realty Inc.; firstname.lastname@example.org; 800-247-7863; www.farmandranchrealty.com.
KENTUCKY, Daviess County. Gently rolling 143-acre farm sold at auction for $733,975. The property sold in two tracts for $5,133 per acre. Cropland totaled about 94 acres and was mostly Belknap and Hosmer silt loam soils. The balance of the farm was in wooded land and included a hunting lease. Improvements included stock and tobacco barns, and a home. Contact: Clay Taylor, Kurtz Auction and Realty; email@example.com; 800-264-1204; www.kurtzauction.com.
Ohio County. A 284-acre wooded hunting tract sold for $335,800, or $1,182 per acre. The tract was not on a public road and was surrounded on three sides by the Rough River. The buyer was an area hunter and investor. Contact: Bill Kurtz, Kurtz Auction and Realty; firstname.lastname@example.org; 800-264-1204; www.kurtzauction.com.
NEBRASKA, Polk County. Farm ground totaling 160 acres sold to a local producer for $640,000, or $4,000 per acre. Hill pasture comprised 115 acres, with 45 acres of tillable dryland for crops. Contact: Ron Christensen, Lees Realty; email@example.com; 402-366-6226.
OKLAHOMA, Payne County. A diverse operation totaling 299 acres sold at auction for $550,000. Average price per acre was $1,839. The operation was primarily in grass pasture and timber. The farm had good fencing and county gravel roads on two sides. Contact: Troy Lippard, Lippard Auctioneers Inc.; firstname.lastname@example.org; 580-747-6747; www.lippardauctions.com.
TEXAS, Red River County. A 675-acre ranch in Annona sold at auction in five tracts. The property included frontage on U.S. 82 and County Road 3300. Several tracts had significant stands of pine. In addition, the property offered ponds and creek frontage. Most recently, the land was in hay production. A single buyer purchased the property for a total price of $1.54 million, or $2,281 per acre. Contact: Will McLemore, McLemore Auction Co.; email@example.com; 615-636-9602; www.mclemoreauction.com.
VIRGINIA, Madison County. A 366-acre farm with 335 tillable acres sold for $2 million. Per-acre price was $5,464. The property included a 1850s home and cottage. Contact: Gayle Harvey, Gayle Harvey Real Estate; firstname.lastname@example.org; 434-220-0256; www.gayleharveyrealestate.com.
These sales figures are provided by the sources and may not be exact because of rounding.
Submit recent land sales to email@example.com.
Find current listings at about.dtnpf.com/landwatch.
Copyright 2019 DTN/The Progressive Farmer. All rights reserved.