Landwatch

Farmland Sales Report

Victoria G Myers
By  Victoria G. Myers , Progressive Farmer Senior Editor
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Average per acre sales prices in this month’s Landwatch column range from a low of $604 to a high of $12,444.

COLORADO, Routt County. A ranch property totaling 6,655 acres sold at auction for $4.02 million, or about $604 per acre. The Frentress Ranch, at Hayden, had been owned by the same family since 1911. It consists of around 4,497 deeded acres and 2,153 state lease acres. The buyer is reported to be an area farmer, and the land is expected to stay in production agriculture. Contact: Cody Lujan, Hall and Hall; clujan@hallandhall.com; 970-879-5544; www.hallhall.com

ILLINOIS, White and Gallatin counties. Two tracts totaling 320 acres of flat to gently rolling cropland sold at auction for $2.59 million, or $8,100 per acre. The property had 317 acres under crops with Patton silty clay loam soils. The land sold to an area ag investor. Contact: Jason Blue, Kurtz Auction and Realty Co.; jason@kurtzauction.com; 812-452-3191; www.kurtzauction.com

IOWA, Buena Vista County. Property totaling 155.22 acres, 148.8 tillable, sold at auction for $1.93 million, or $12,444 per acre. This price was well above average for the area. The land, sold in two tracts, went to one buyer/investor with connections to the operation that will farm it. Contact: Jason J. Smith, DreamDirt; jason@dreamdirt.com; 855-376-3478; www.dreamdirt.com

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IOWA, Story County. Property totaling 77.82 tillable acres with CSR2 rating of 85 sold at a competitive auction for $894,930, or $11,500 per acre. The land was mostly clay loam soils. The buyer was an investor. Contact: Douglas L. Hensley, Hertz Real Estate Services; DougH@hertz.ag; 515-382-1500; www.hertz.ag

KANSAS, Gove County. Cropland totaling 160 acres sold at auction for $316,000, or $1,975 per acre. The property included 60.6 acres of wheat base and 39 acres of grain sorghum base. Contact: Donald L. Hazlett, Farm and Ranch Realty Inc.; dhazlett@frrmail.com; 800-247-7863; www.farmandranchrealty.com


KANSAS, Greeley County. Five tracts of CRP land totaling 720 acres sold at auction for $448,000. Depending on the tract, per-acre prices ranged from $575 to $675. The buyer received 100% of the 2017 CRP payments, and mid-term maintenance was done. Contact: Kassie Weinland, Farm and Ranch Realty Inc.; 785-821-0852; www.farmandranchrealty.com

KENTUCKY, Grayson and Edmonson counties. Two noncontiguous tracts totaling 512 acres sold for $591,162, or $1,155 per acre. The property sold to two area land investors and was described as wooded hill land that had been timbered for ice-damaged trees in 2009. Each tract had about 14% creek bottom, tillable land and blacktop frontage. Contact: Jim Goetz, Kurtz Auction and Realty Co.; jimg@kurtzauction.com; 800-264-1204; www.kurtzauction.com

OHIO, Coshocton and Muskingum counties. Twenty-eight tracts totaling 2,596 acres sold for $4.06 million, or an average of $1,564 per acre. The diverse property, described in spots as excellent hunting/recreational land, included pine and hardwood trees, road frontage, surface roads, trails, creeks, waterfalls, ponds and abundant wildlife. Contact: Joe Bubon, Murray Wise Associates LLC;
joe@mwallc.com; 217-398-6400; www.murraywiseassociates.com

TENNESSEE, Stewart County. A 422-acre property, including 100 acres of row crops, 30 acres of grass and 60 acres in CRP, sold in a cash deal for $1.3 million, or about $3,081 per acre. The land was purchased by a recreational buyer. Contact: Jimmy Settle, Jimmy Settle Land; settle.land@gmail.com; 931-771-9072; www.jimmysettleland.com


If your company has made a recent sale you’d like to submit for use in the Landwatch column, send the information to: landwatch@dtn.com

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Victoria Myers

Victoria G Myers
Connect with Victoria: