field during winter
HAS LAND HIT BOTTOM? According to Big Iron Realty, it appears the bottom of the land market may have settled in. The marketing time to sell a farm less than the highs of 2014 is typically about 90 days. Meanwhile, land priced at the highs simply doesn't sell.

Bottom of land market may have settled

Land priced at the highs of previous years simply doesn't sell, Big Iron Realty reports.

It looks like the bottom of the land market may have settled in. Investors are most often co-bidders to a farmer-buyer. Marketing time to sell a farm priced at less than the 2014 highs is about 90 days. Properties listed for sale at the highs simply does not sell.

Big Iron Realty, St. Edward, a licensed real estate broker in eight states, compiles the reports for this column, but not all sales are handled by Big Iron each month. Contact Big Iron at 800-WE-SELL8. The following are several of the most recent sales.

Northeast

Antelope County: 72.22 acres sold for $110,000. This property is a hay meadow located northwest of Clearwater along Highway 275. — Compliments of Big Iron Realty

Stanton County: 160 acres sold for nearly $1.05 million. The gently rolling dryland farm is located a half mile off Highway 15. — Compliments of Big Iron Realty

East

Polk County: 154.6 acres sold at auction for $958,520. This is a pivot-irrigated farm with a Zimmatic pivot and motor pump, two grain bins, and a Quonset building. — Compliments of Farmers National Co.

Southeast

Johnson County: 78.95 acres sold at auction for $279,088. This farm is a good dryland farm, which includes 33 tillable acres and 33 acres of grass, making it suitable as a deer and turkey habitat. — Compliments of UFARM Real Estate

Otoe County: 200 acres sold for $830,000. This productive farmland has 145.36 farmed acres and 33.46 acres enrolled in the Conservation Reserve Program, along with trees and waterways. — Compliments of UFARM Real Estate

Northwest

Dawes County: 2,856 acres sold for nearly $1.6 million. This ranch is a hard-land range site consisting of primarily cool-season grass forage production used for summer range. It is well watered and productive. Wildlife includes deer, turkey and antelope. — Compliments of Agri Affiliates Inc.

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