December 2021 Recent Farmland Sales
INDIANA, Vermillion County. A 65.37-acre farm with 64 tillable acres sold to a local farmer for $836,997. The land was predominantly Ipava silt loam soils with a Surety Weighted Average Productivity Index of 171.9. Average price per acre was $12,804. Contact: Kyle Wilkinson, Geswein Farm and Land; email@example.com; 574-870-4383; www.edgeswein.com
IOWA, Wright County. Two sales in the same county just weeks apart showed a $2,500-per-acre difference in net price. One sale was for 160 acres, located two miles east of Goldfield. Total sales price was $1.92 million, or an average of $12,000 per acre. This farm reported a 80.1 CSR2, was pattern tiled and included a machine shed, bin and dryer bin. It was leased back to the previous operator. The other sale was for 159 acres located east of Eagle Grove off a hard-surface roadway. This property had an 86.7 CSR2, four bins and a machine shed. Total sales price was $2.3 million, or an average of $14,465 per acre. Contact: John Kirkpatrick, Murray Wise Associates LLC; firstname.lastname@example.org; 515-532-2878; www.murraywiseassociates.com
Sac County. A 116-acre farm, all tillable ground, sold in a timed online auction for $1.75 million. Average price per acre was $15,086. The property had a CSR2 rating near 93 and was sold open for the 2022 production season. Seller to remain on as tenant until 2021 crop, with seller retaining the full crop. Contact: Jason Smith, DreamDirt; email@example.com; 515-537-6633; www.dreamdirt.com
KENTUCKY, Trigg County. Offered in four tracts, a 128-acre farm sold at auction for $1.7 million, or an average of $13,281 per acre. The property included all support buildings. It sold to one buyer. Contact: Cindy Cash, James R. Cash Auctions and Real Estate; firstname.lastname@example.org; 270-623-8466; www.jamesrcash.com
Ohio County. A poultry farm with 91.7 acres sold at auction for $230,000. Average price per acre was $2,508. The property included two 40- x 500-foot broiler houses, a litter barn, storage shed, barns and a pond. Public water is available. Most of the land was wooded and for recreational use. Contact: Jason Blue, Kurtz Auction and Realty Co.; email@example.com; 812-452-3191; www.kurtzauction.com
LOUISIANA, Morehouse Parish. Versatile farm totaling 3,137 acres sold for $16.1 million, or an average of $5,133 per acre. Cropping area across the operation came to 2,889 acres. The majority of the farm was precision-leveled for furrow irrigation. Major crops produced here include corn, soybeans and rice. Included with the farm were 20 irrigation wells and access to surface water from a nearby river. Contact: Cole Fields, BrokerSouth Ag; firstname.lastname@example.org; 318-512-5325; www.brokersouthag.com
West Carroll Parish. A 627-acre farm with 588 crop acres sold for $3.56 million, or an average of $5,678 per acre. This was a precision-leveled farm with eight irrigation wells. Soils were 86% Dundee Dubbs silt loam. Used to produce corn, rice and soybeans, the operation was purchased by an investor and leased back to a local farmer. Contact: Carroll Fields, BrokerSouth Ag; email@example.com; 318-348-0481; www.brokersouthag.com
TEXAS, Milam, Lee and Bastrop Counties. After being on the market for six years, a 31,000-acre property known as the Sandow Lakes Ranch sold in a transaction reported at $240 million. This would be an average per-acre price of around $7,742. The property included multiple lakes and ponds, and award-winning habitat. The sale was announced by Alcoa Corp. Contact: Icon Global; firstname.lastname@example.org; www.icon.global/sandow-lakes-ranch
-- These sales figures are provided by the sources and may not be exact because of rounding.
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