Numerous Federal Reserve, lender, farm management company and university reports point to continued steady farmland values. But how is that playing out at farmland auctions? Here are a handful of recent farmland sales that show how varied values are across farm country.
$13,000 PER ACRE Hancock County, Ill.
June 13: 121.96 total acres near Colusa, Ill., sold in three tracts. Tract 1: 20 acres with 19.41 acres tillable, currently in row crop production. Features a PI rating of 144.2 and soil types including Muscatine and Sable. Sold for $13,000 per acre. Tract 2: 20 total acres with 18.63 acres tillable, currently in row crop production. Features a PI rating of 142.1 and soil types including Muscatine, Osco, Greenbush and Sable. Sold for $8,500 per acre. Tract 3: 81.95 total acres with 66.40 tillable acres, currently in row crop production. The balance is in a timbered draw, suitable for hunting. Tillable acres feature a PI of 131.1 and Muscatine, Assumption, Atterberry and Buckhart soils. Michael Sullivan, Sullivan Auctioneers, Hamilton, Ill., 309-333-0916. Learn more.
$7,700 PER ACRE Adams County, Ill.
May 15: 35.38 total acres near Quincy, Ill., with 26.40 acres tillable, currently in row crop production
and a PI rating of 130.3. The balance of acres is in a wooded draw and stream that runs through the property. Michael Sullivan, Sullivan Auctioneers, Hamilton, Ill., 309-333-0916. Learn more.
$3,250 PER ACRE Sullivan County, Mo.
June 22: 159.33 total acres approximately 2 miles northeast of Browning, Mo., sold in two tracts. Tract 1: 100.6 total acres with 76.9 acres tillable, 3 acres are currently in hay production but fit for tillage and the balance in wooded areas along a creek bed. Characterized as, “highly productive tillable cropland,” featuring Landes and Chequest soil types. Sold for $3,000 per acre. Tract 2: 58.75 total acres with 44.44 acres tillable but currently in hay production with the balance in ponds and small wooded areas. This tract also included a 2,220 sq. ft., 5 bedroom house. Both feature excellent whitetail deer and wild turkey hunting. Bill Fretwell, Sullivan Auctioneers, Hamilton, Ill., 660-341-7735. Learn more.
$2,026 PER ACRE El Paso County, Colo.
June 2019: 6,827 acres of grassland east of Colorado Springs, Colorado, suitable for cow/calf or yearling operation with excellent development potential. Property includes 5,387 continuous deeded acres and 1,440 acres of state lease ground. Grazing capacity is around 300 cow/calf pairs or 600 yearlings and includes an older 2-story home, extensive fencing, pipelines, water wells and tanks; working shop, hay sheds, quonset huts, loafing sheds, feed bunks, cattle scales and grain bins. Also includes income producing mineral and natural gas rights. Characterized as native grassland with rolling hills and a wide variety of big and small game and varmints. Jim Digby, Hayden Outdoors Farm, Ranch & Recreational Real Estate, Windsor, Colorado 303-883-8493. Learn more.
$1,900 PER ACRE Woods County, Okla.
June 20: 80 total acres 5 miles from Capron, Oklahoma with 77.34 acres tillable with a 38.4 acre wheat base & 36 bu/acre PLC yield; 38.4 acre corn base & 121 bu/acre PLC yield. Soil types include Grant and Pond Creek silt loams and Milan silt loams. Characterized as a, “productive and well maintained farm.” Quentin and Lynsie Sturgeon, Wiggins Auctioneers, Enid, Okla., 580-554-2633. Learn more.
$556 PER ACRE Kimball County, Neb.
June 4: 601.95 total acres with 369 dryland crop acres and 225 acres of pasture 13 miles southwest of Potter, Nebraska. The balance of acres is in roads and waste. Terrain characterized as level to rolling, soil types include Class III and Class IV. 151.6 FSA base acres total with 126.7 base acres of wheat w with 29 bu DTY & CCTY yield and 24.0 base acres of oats w/35 bu DTY & CCTY yield. Troy Vogel, Reck Agri Realty & Auction, Sterling, Colo., 970-522-7770. Learn more.
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