Landwatch

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

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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