Land Sale of the Week: $10,000/acre in East-Central Nebraska

April 1, 2016 02:00 PM

Mike Walsten

A March 24 auction of flood-irrigated and dryland cropland in Seward Co., Neb., saw quality farmland sell for as much as $10,700 per acre. The offering consisted of four tracts with Tracts 1 and 2 one mile northwest of Milford and Tracts 3 and 4 on the edge of Milford.

Tract 1: 40 acres with 39 acres of flood-irrigated cropland, well including gear head and column and flood pipe; power unit not included; SRPG 67.6; $10,500 per acre.

Tract 2: 55.5 acres dryland cropland with 53 acres tillable carrying a SRPG of 70.8; $7,000 per acre. Tract 3: 113 acres with 111 acres pivot-irrigated cropland, including well with gear head and column, excluding power unit and pivot, SRPG 69.6; $10,600 per acre.

Tract 4: 51 acres dryland cropland; 48 acres cropland; SRPG 71.3; $10,700 per acre.

Handling the auction was Eric Mueller, Farmers National Company, Omaha, Neb., 402-660-1044.

If interested in seeing a copy of LandOwner, just drop me an email at or call 800-772-0023.

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Spell Check

Table Rock, NE
5/16/2016 04:26 PM

  To Ronnie in MD a buyer premium on land in this part of the would be very rare. Why not contact Farmers National Company, Omaha, Neb., 402-660-1044, the biggest in the business to confirm.

Dexter, MD
4/1/2016 05:09 PM

  Wonder if anyone would be kind enough to let us know if there was a buyer premium on top of sale price?

Kearney, NE
4/2/2016 08:47 PM

  Fools like this are the reason that property taxes in this state are so high, $65-$90 dollars an acre. We need a "proposition 13" like California has. Then this land would go on the tax rolls at the price paid-without raising the value of everyone else's land. That would stop this in its tracks.


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