Recent Farmland Sales in Illinois, Indiana, Iowa, Kansas, Missouri, Nebraska

ILLINOIS, DeKalb County. A property with slightly more than 240 acres, 212 of which are tillable, sold for $2.85 million, or $11,875 per acre. The farm’s Danabrook silt loam and Elpaso silty clay loam soils boast an average productivity index of 135.3. Contact: Mark Mommsen, Martin, Goodrich and Waddell; mark.mommsen@mgw.us.com, 815-756-3606; https://mgw.us.com

INDIANA, DeKalb County. A farm with 321 acres sold at auction for $3.42 million, or $10,654 per acre. The property was divided into 11 tracts and consisted of 280 tillable acres and 42 acres of timber. The land was just a few miles southeast of a large grain elevator, with soils consisting mostly of Pewamo silty clay and Blount loam. Most of the land has access to county tile or open drainage ditches. Contact: Daniel Days or Dean Rummel, Schrader Real Estate and Auction Co. Inc.; auctions@schraderauction.com, 800-451-2709; https://www.schraderauction.com

IOWA, Floyd and Cerro Gordo Counties. A 526-acre farm sold in five tracts for $6.56 million at a simulcast auction. While the per-acre average across the sale was $12,471, the Floyd County tracts commanded higher prices. In that county, a 120-acre parcel sold for $13,200 per acre; a 118-acre tract, $13,700; and an 88-acre farm, $11,700. In Cerro Gordo County, a 40-acre tract sold for $9,900 per acre, while the 160-acre piece brought $12,100 per acre. The land is leased for the 2024 season, and the cash rent will be prorated. Contact: Matt Mann, Iowa Land Sales; matt@IowaLandSales.com, 641-990-4016; https://iowalandsales.com

KANSAS, Finney and Haskell Counties.  A 3,260-acre farm sold at auction for $23.9 million. The property included 17 tracts with slightly more than 1,800 acres under center-pivot irrigation, 900 acres in dryland crop production and 550 acres in grass. One 10-acre tract included two large buildings, one of which is a shop with an indoor wash bay with drain pits, an office and a kitchen. It sold for $8.2 million. Another 10-acre tract consisted of a state-of-the-art cattle-working facility and a small growing lot, and it sold for $2.4 million. Excluding those two developed tracts, the remaining farmland sold for an average of $4,105 per acre. Tracts with irrigation averaged $4,925 per acre, while dryland and grass tracts averaged $1,600 per acre. Contact: Travis Weaver, Farm and Ranch Realty Inc.; frr@frrmail.com, 719-342-2997; https://www.farmandranchrealty.com

MISSOURI, Shelby and Marion Counties. Three tracts of land totaling 206 acres sold at auction for $900,550, or an average of $4,372 per acre. The first tract, in Shelby County, totaled 17.2 acres, with 15.13 of them tillable, and sold for $5,500 per acre. It had an NCCPI rating of 77 with Blackoar soils. The second and third tracts were adjacent in Marion County. The second tract was primarily pasture with a 1.4-acre pond and sold for $3,150 per acre, while the third tract sold for $5,300 per acre. It had an NCCPI of 65 and included a mix of Leonard, Armstrong, Mexico, Gorin and Lindley soils. Contact: Steve Zeiger, Sullivan Auctioneers; sold@sullivanauctioneers.com, 844-847-2161; https://www.sullivanauctioneers.com

NEBRASKA, Rock County. Nearly 219 acres of subirrigated pasture sold for $393,726, or an average of $1,798 per acre. With nearly new fences all around and a crossfence for rotational grazing, the farm includes a windmill and two tanks at the crossfence, as well as several water holes and cottonwood trees for shade. The owner rates it at 50 cow/calf pairs for five months, up to 60 pairs in the summer. Contact: Dave Hickey, Farmers National Co.; DHickey@FarmersNational.com, 402-336-3500; https://www.fncrealestate.com

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

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