Landwatch

Recent Farmland Sales in Iowa, Kansas, Kentucky, Michigan, North Carolina, North Dakota

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

IOWA, Wapello County. Two tracts of farmland totaling about 159 acres sold at auction for $1.32 million. Average tract prices ranged from $6,000 per acre to $11,400 per acre. Average for the entire acreage was $8,302. Known locally as the Phyllis M. Bottger farm, the property included cropland, pasture and timber. Farm sold free and clear for the 2024 season. Contact: Rick Shafer, Sullivan Auctioneers; sold@sullivanauctioneers.com, 844-847-2161; https://www.sullivanauctioneers.com/…

KANSAS, Norton County. A 595-acre property, including cropland, grass and creek bottom, sold in four tracts for $1.7 million. Tract prices ranged from an average of $2,200 to $4,300 per acre. Average per-acre price for the property was $2,857. Buyer received the landowner's one-third share of the 2024 wheat crop and was to reimburse seller for landowner's one-third share of fertilizer expense. All mineral rights were intact. The property consisted of about 540 cropland acres and 53 grassland acres. Bases were recorded in wheat and corn. Contact: Donald Hazlett, Farm and Ranch Realty Inc.; frr@frrmail.com, 800-247-7863; https://www.farmandranchrealty.com/…

KENTUCKY, Daviess County. Six tracts totaling about 213.65 acres were sold as part of an IRS 1031 like-kind exchange at an agreed price of $5 million. The price per acre averaged $23,403. The land was all cropland except for 6 acres of hill grassland. It had road frontage and close proximity to a metro area. About 160 acres were in a floodplain. Contact: David Hawes, Kurtz Auction and Realty Co.; david@kurtzauction.com, 800-264-1204; https://www.kurtzauction.com/…

MICHIGAN, Saginaw County. Three tracts of farmland totaling 120 acres sold at auction for $856,000. Average price per acre was $7,133. The property included cropland, timber and outbuildings. Bases were held in corn and soybeans. The property was tiled and well-drained with easy farm access off of a paved highway. Contact: Steve Herr, Farmers National Co.; SHerr@farmersnational.com, 810-569-5638; https://www.fncrealestate.com/…

NORTH CAROLINA, Surry County. A former tobacco farm of 211 acres sold at auction for $1.625 million. Of the total, 140 acres were in cropland. Average price per acre was $7,701. The farm is gently rolling with natural ponds and streams. Recent crops were vegetables, but the land is suited to soybean or corn production. Contact: B. Mark Rogers, Rogers Realty and Auction Co. Inc.; bmrogers@rogersrealty.com, 336-789-2926; https://www.rogersauctiongroup.com/…

NORTH DAKOTA, Pembina County. In a record-breaking auction, a 320-acre farm sold to a single buyer for $5.6 million. Average price per acre was $17,500. The farm was described as having some of the best cropland in the Red River Valley. Soils were nearly all Class II and III loams, with a Soil Productivity Index in the 80s and 90s. The owners had a history of a strong cropping rotation, including potatoes, sugar beets, corn, soybeans, wheat, barley and more. The property was sold subject to a 2024 crop lease, with the buyer receiving the rent. Contact: Kevin Pifer, Pifer's Land Auctions; kpifer@pifers.com, 701-238-5810; https://www.pifers.com/…

Sargent County. Farmland totaling 319 acres sold in two tracts for a total of $2.45 million. Average per acre was $7,680. The operation included bases in corn and soybeans. Soils were described as highly productive Class II and III, with a Soil Productivity Index averaging 82.1. The cropland was subject to a 2024 lease, with the payment assigned to the buyer. Contact: Steve Link, Pifer's Land Auctions; stlink@pifers.com, 701-361-9985; https://www.pifers.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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Victoria Myers