Landwatch

Farmland Sales Report

Victoria G Myers
By  Victoria G. Myers , Progressive Farmer Senior Editor
Average per acre sales in this month's Landwatch column ranged from a low of $1,953 to a high of $18,354. (Photo by DTN/The Progressive Farmer)

CAPTION:

Average per acre sales in this month's Landwatch column ranged from a low of $1,953 to a high of $18,354. (Photo by DTN/The Progressive Farmer)

By Victoria G. Myers

Senior Editor

ILLINOIS, Gallatin County. A 75.43-acre tract of farmland sold at auction for $558,182, or $7,400 per acre. The property consists mostly of rolling cropland, with Uniontown Silt Loam and Patton Silty Clay Loam as the primary soil types. An area farm was the buyer. Contact: Jason Blue, Kurtz Auction and Realty Co.; jason@kurtzauction.com; 812-452-3191; www.kurtzauction.com

IOWA, Benton County. A 176-acre, mostly tillable, farm with a history in seed corn production sold for $2.52 million, or $14,318 per acre. In competitive bidding, a neighboring farmer bought this operation with a 91.6 CSR2. Contact: Doug Hensley, Hertz Real Estate Services; doug.hensley@hertz.ag; 515-382-1500; www.hertz.ag

IOWA, Fremont County. Farmland totaling 145.6 acres sold at auction for $684,320, or $4,700 per acre. The land holds soybean and corn base acres and is described as gently rolling and terraced. Average CSR2 was reported as 68.5. Contact: Roland Penner, Mid-Continent Properties Inc.; rpenner@mid-continentproperties.com; 402-334-0256; www.mid-continentproperties.com

IOWA, Sioux County. A recent auction brought an unusually high price of $18,354 per acre for a tract of well-placed farmland. The 79-acre property is all tillable land with a 91.1 CSR2 rating. Total price was $1.45 million. Location played a role in the sale price with development on two sides of the property—Orange City on the west, Alton on the east. Contact: Jason Smith, DreamDirt Farm and Ranch Real Estate LLC; jason@dreamdirt.com; 712-592-8965; www.dreamdirt.com

KANSAS, Gove County. A 302-acre farm business, including cropland, a farmstead, Paramount Seed business, a building site and equipment, sold in four tracts for around $589,848. Per-acre prices ranged from $1,650 to $4,869. An average across all acres is $1,953. Contact: Neal Mann, Farm and Ranch Realty Inc.; info@frrmail.com; 800-247-7863; www.farmandranchrealty.com

NORTH DAKOTA, Dickey and Sargent counties. Ten parcels of land totaling 3,003.55 acres sold at auction to nine buyers for $13.82 million. Per-acre price averages by tract ranged from $2,750 to $6,000. Average across the entire property was $4,601. The land included both irrigated and nonirrigated cropland acres, and strong soil productivity index numbers. Crops produced on the land include wheat, corn and soybeans. Crop-base acres across the 10 parcels total 1,648.53. Contact: Bob Pifer, bob@pifers.com, or Kevin Pifer, kpifer@pifers.com, Pifer's Land Auctions; 877-477-3105; www.pifers.com

OHIO, Mercer County. The auction of a 604-acre farm created a very competitive bidding environment. Total sale price for the property was $6.34 million. The property, offered in 14 tracts, includes tillable farmland used to produce corn and soybeans, wooded acres, a home, a barn and a grainery. Per-acre prices maxed out at $11,883. Tract sizes range from 10 to 80 acres. Eleven of the 14 tracts sold for more than $10,000 per acre, overall average of $10,496. Contact: Jerry Ehle, Schrader Real Estate and Auction Co.; jwehle1@aol.com; 866-340-0445; www.schraderauction.com

OKLAHOMA, Kingfisher County. Grass pasture and a pond totaling about 79 acres sold for $382,000, or $4,835 per acre. Contact: Troy Lippard, Lippard Auctioneers Inc.; troy@lippardauctions.com; 580-747-6747; www.lippardauctions.com

OKLAHOMA, Rogers County. Native and improved grasses plus two homes sold for $5.53 million. The property totaled 1,844 acres. Per-acre price averaged $2,999. Contact: Sherm Shanklin, RE/MAX of Green Country; sherman@shanklinrealty.com;

918-273-2344; www.shermshanklin.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

Victoria Myers