Landwatch

Recent Farmland Sales in Colorado, Illinois, Indiana, Iowa, Minnesota, Missouri, Nebraska

Katie Micik Dehlinger
By  Katie Micik Dehlinger , Farm Business Editor
Per Acre Prices (Progressive Farmer graphic)

COLORADO, Kit Carson County. Four tracts of cropland encompassing 1,235 acres sold at hybrid auction for $2.28 million, or an average of $1,846 per acre. The first tract is a full section with one-third planted to wheat, another third in wheat stubble and the final third in cornstalks. The second and third tracts, at 145 and 150 acres respectively, are ready for spring planting, while the 320-acre fourth tract is split between wheat and wheat stubble. Buyers get all rights to the 2025 wheat crop. Contact: Darvin Meurisse, Farm and Ranch Realty Inc.; frr@frrmail.com, 719-342-2997; https://www.farmandranchrealty.com/…

ILLINOIS, DeKalb County. A 159-acre field sold for just shy of $2.8 million, or $17,610 per acre. The farm features a Productivity Index of 133.1, with its location adjacent to DeKalb city limits, adding development potential. An early listing shows an initial asking price of $19,250 per acre. Contact: Mark Mommsen, Martin, Goodrich and Waddell; mark.mommsen@mgw.us.com, 815-756-3606; https://mgw.us.com/…

INDIANA, Daviess and Knox Counties. A 1,090-acre farm sold at auction for $14.3 million, or an average of $13,119 per acre. The sale included 17 tracts of primarily tillable cropland. The first nine tracts appear to have sold to a single buyer for an average of $11,842 per acre, and most of those 646 acres were in two contiguous chunks. Four of the tracts were smaller than 20 acres. One of those included a 1-million-bushel grain bin setup, which sold for $2.65 million, and another included a shop built in 2015. Contact: Brad Horrall, Schrader Real Estate and Auction Co. Inc.; auctions@schraderauction.com, 800-451-2709; https://www.schraderauction.com/…

IOWA, Muscatine County. A 149-acre farm sold at auction for $2.5 million, or $16,779 per acre. The farm boasts a CSR2 score of 90, drainage tile and two 10,000-bushel grain bins that will be available next August. Over the past four corn-growing seasons, the silty clay loam soils have averaged 236 bushels per acre (bpa). Soybean yields have averaged 65.6 bpa over the past five soybean seasons. Contact: Patrick Gannon, Gannon Real Estate and Consulting; patrick@gannonre.com, 515-290-3427; https://gannonre.com/…

MINNESOTA, Nicollet County. The sealed-bid auction of a 248-acre farm brought $3.94 million, or an average of $15,887 per acre. The property's three tracts boast CPI scores of 90 to 91.7 and feature extensive tile work. A 72-acre parcel close to transmission lines sold for an average of $13,100 per acre, while a pair of contiguous 88-acre tracts sold for $17,000 per acre. Contact: Bryce Brunz, High Point Land Co.; sold@highpointlandcompany.com, 507-382-6669; https://www.highpointlandcompany.com/…

MISSOURI, Adair County. Prime pastureland totaling 665 acres sold at auction for $2.2 million, or $3,308 per acre. The previous owner grazed 180 to 225 cow/calf pairs between the three contiguous tracts. It produced 400 to 550 round bales of hay in years when it was cut. The property's ponds and timber provide excellent turkey and deer hunting, and several spots could be used for future building sites. Contact: Louie Zinn, Sullivan Auctioneers; sold@sullivanauctioneers.com, 319-795-2314; https://sullivanauctioneers.com/…

NEBRASKA, Stanton County. A single 157-acre field sold at hybrid auction for $1.49 million, or $9,490 per acre. Slightly more than 135 of the farm's acres are tillable Class II soils. The farm is close to several feedlots and competitive grain markets. Contact: Kurt Wittler, Farmers National Co.; DUnruh@FarmersNational.com, 620-482-0898; https://www.fncrealestate.com/…

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-- These sales figures are provided by the sources and may not be exact because of rounding.

-- Submit recent land sales to landwatch@dtn.com

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Katie Dehlinger