Farmland prices are showing strength despite the economic uncertainty caused by the COVID-19 pandemic. Here are recent farmland sales that show the variability in values.
$3,000 per acre
Knox County, Neb.
Sept. 14: 80 acres (48 tillable). Suitable for crops and backgrounding calves. Soil types include Thurman fine sandy loam, Alcester silty clay loam and Crofton-Nora complexes.
Farmer’s National Company, Omaha, Neb.
$1,250 per acre
Grand Forks County, N.D.
Oct. 7: 160 acres (145 tillable). Wheat base/yield of 19.75/36 bu.; Oat base/yield of 9.91/48 bu.; Corn base/yield of 40.50/103 bu.; Soybean base/yield of 50.34/25 bu.
Farmer’s National Company, Grand Forks, N.D.
$3,186 per acre
Marion County, Mo.
Oct. 10: 189 acres sold in two tracts.
- Tract 1: 81 acres (62 tillable). Soil types include Belknap, Gosport and Moniteau silt loams. Sold for $3,400 per acre.
- Tract 2: 108 acres (43.6 tillable). Soil types include Armstrong, Gosport, Goss and Gorin. Sold for $3,025 per acre.
Sullivan Auctioneers, Hamilton, Ill.
$11,700 per acre
Grundy County, Iowa
Sept. 24: 360 acres sold in three tracts.
- Tract 1: 153 acres (118 tillable and 30 enrolled in CRP) with a CSR2 of 94.40. Lease for 2021 is open. Sold for $11,400 per acre.
- Tract 2: 154 acres with a CSR2 of 94. Lease open for 2021. Sold for $12,300 per acre.
- Tract 3: 53 acres (49 tillable and 5 enrolled in CRP) with a CSR2. Lease open for 2021. Sold for $11,400 per acre.
Hertz Real Estate Services, Nevada, Iowa
$1,811 per acre
Osage County, Okla.
Oct. 1: 128 acres of ranchland. Currently running 150 head of cattle. Property offers seven rotational pastures with heavy built sorting pens and numerous barns. Includes a 1,758 sq.-ft. ranch home and three outbuildings.
Hayden Outdoors Farm, Ranch & Recreation Real Estate, Windsor, Colo.
$6,875 per acre
Washington County, Ill.
Sept. 29: 160 acres (122 tillable). Corn base/PLC yield of 38.04/132 bu.; Soybean base/ARC yield of 94.49/32 bu.; Wheat base/PLC yield of 11.67/55 bu.
Farmer’s National Company, Gilbertsville, Ky.
