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.
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
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.
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
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.