March 2025 Recent Farmland Sales

ILLINOIS, Bureau and Lee Counties. Two tracts totaling 104 acres sold in an online auction for $1.641 million, or an average of $15,779 per acre. The 76 acres located in Bureau County have a productivity index of 133.6 and sold for an average of $15,400 per acre. The 26 acres located in Lee County have a productivity index of 140.6 and sold for an average of $16,750 per acre. The Bureau County farm has an open lease for 2025, but the Lee County farm is under contract until the 2026 growing season. Contact: Isaac Taber, Sullivan Auctioneers; sold@sullivanauctioneers.com, 844-847-2161; https://www.sullivanauctioneers.com

INDIANA, Miami County. A 181-acre farm that included two homes and outbuildings sold at auction for $2.98 million, or an average of $16,464 per acre. The sale was divided into four tracts. The first tract consisted of a 158-acre field that sold for $15,379 per acre. The second tract was a nearly 4-acre homestead with a variety of buildings. It sold for $100,000, or $25,575 per acre. The third and fourth tracts sold together and consisted of an almost 16-acre field and a 3-acre homestead, including a modern pole barn. The buyer paid $450,000, or $23,486 per acre, for those tracts. Contact: Larry Jordan, Halderman Real Estate and Farm Management; lj@halderman.com, 765-473-5849; https://www.halderman.com

IOWA, Pocahontas County. A 280-acre farm with 271 tillable acres sold for $3.71 million, or $13,250 per acre. The farm carries a CSR2 score of 84.4, and the investor buyer leased it back to the seller. Contact: John Kirkpatrick, Murray Wise Associates LLC; john@mwallc.com, 515-532-2878; https://www.murraywiseassociates.com

KANSAS, Comanche County. A 314-acre farm consisting of a mix of CRP land, pasture, native grasses and cottonwood trees sold in an online auction for $314,000, or $1,000 per acre. It contains 159 acres enrolled in CRP, a contract that was just renewed. The property has highway frontage on two sides and includes a small shed to give animals cover. Deer are abundant in the CRP grass. A buyer from Texas won the auction. Contact: Jacob Lemons, National Land Realty; jlemons@nationalland.com, 855-384-5263; https://www.nationalland.com

NORTH DAKOTA, Cass County. A 190-acre farm sold in January at simulcast auction for $1.806 million, or an average of $9,505 per acre. The farm’s predominantly Kindred-Bearden silty clay loam soil has a productivity index of 93.2. While the farm has corn, soybean and wheat base acres, it has a history of sugar beet production. Contact: Kyle Nelson, Farmer’s National Co.; knelson@farmersnational.com, 701-237-0059; https://www.farmersnational.com

OHIO, Paulding County. Six tracts of land totaling 145 acres sold at auction for $2.23 million, or an average of $15,379 per acre. The farm features mostly Hoytville silty clay and Nappanee silty clay soils. The first three tracts were contiguous and totaled nearly 80 acres, selling for an average $13,375 per acre. Two of the remaining three parcels were contiguous, with the other across the road. One parcel, at 5.5 acres, was billed as a potential homesite. Those three tracts sold for $15,384 per acre. Contact: Jerry Ehle, Schrader Real Estate and Auction Co.; auctions@schraderauction.com, 866-340-0445; https://www.schraderauction.com

SOUTH DAKOTA, Union County. A 93-acre field sold in mid-January at auction for $954,000, or $10,258 per acre. The farm is leased for the 2025 and 2026 seasons, and the seller agreed to pay a $75-per-acre rental enhancement, bringing the updated cash rent payable to the buyer to $325 per acre for the next two seasons. Contact: Chuck Sutton, Sutton Auctioneers and Land Brokers; office@suttonauction.com, 605-336-6315; https://www.suttonauction.com

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— These sales figures are provided by the sources and may not be exact because of rounding.

— Submit recent land sales to landwatch@dtn.com

— Find previous Landwatch listings at https://www.dtnpf.com/agriculture/web/ag/magazine/your-land

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