The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Mike Walsten has covered major business trends in agriculture for more than 40 years.
After several sales just shy of the mark, Nebraska saw as some very productive cropland pass under the gavel for $12,000 an acre -- believed to be a state record. The auction, conducted by Ruhter Auction and Realty Inc., Hastings, Neb., occurred Monday February 6. It featured 160 acres of flat, highly productive soil types just northwest of Harvard in Clay County. A large portion of the cropland is gravity irrigated from an eight-inch well located on the north edge of the property. For those not familiar with the area, the south-central Hastings area features intense seed-corn production. It is a high-yield, highly reliable producing area.
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