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Your Precious Land

RSS By: Mike Walsten, Pro Farmer

Mike Walsten has covered major business trends in agriculture for more than 40 years.

Land Auctions Still Happening

Nov 05, 2008

Mike Walsten

Our quick checks of recent land auctions indicate farmers and ranchers are still buying and willing to pay up for quality land. That's not to say tbuyers are not cautious buyers and that all auctions have gone well. Here are a few sales:

Iowa, O'Brien County, Oct. 14: Tract 1: 115.7 acres; 112.5 acres tillable; CSR 71.3 (county average 71.8); non-crossable waterway in middle of farm; numerous point rows; $7,100 per acre. Tract 2: 117.3 acres; 110 acres tillable; CSR 71.8; non-crossable waterway in middle; $6,900 per acre. Vander Werff and Assoc., Inc., 712-729-3264.

Indiana, Bartholomew County, Oct. 8: 75 acres south of Columbus; 49 acres tillable; 21 wooded acres; 4-acre buiilding site; $433,000 total or about $5,773 an acre. Halderman Real Estate Services, 812-378-0588.

Colorado, Logan County, Oct. 7: 2,157 acres of mostly pasture; Tract 1: 1,050 acres of mostly pasture with 146 acres of dryland crop ground; $505,000 total or $469 per acre. Minimum bid: $330,000. Tract 2: 870 acres pasture; $375,000 total or about $431 per acre. Minimum bid: $295,000. Tract 3: 237 acres, 168 acres pasture, 68 acres dryland, older farmhouse with machine shed, out-buildings used for cattle, $250,000 or $1,055 per acre. Minimum bid: $185,000. Reck Agri Realty & Auction, 800-748-2589.

Iowa, Linn County, Oct. 3: 135 acres east of Walford; 126 acres tillable; CSR 80.3 on the tillable acres; county average is 65.8; $6.400 an acre. Hertz Real Estate Services, 319-895-8858.

Iowa, Jasper County, Sept. 30: 100 acres east of Russell; 88 acres tillable; CSR 42 (county average 39.7); $2,650 per acre. Farmers National Company, 515-250-1119.

Please email me with what's happening in your area.

If you'd like to see a sample copy of the LandOwner Newsletter, just send me an email or call 800-772-0023. I'd be happy to email a copy to you. Better yet, subscribe and save $20 off the annual subscription price of $119. Just call 800-772-0023 and mention you saw the offer in this column.


 

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