The auction of 5,105 acres of south central Nebraska and north central Kansas farmland Jan. 29 saw the combination of irrigated cropland, dryland cropland and pasture land going for a total of $17,155,000. The auction drew a crowd of more than 250, including 97 registered bidders, says R.D. Schrader, president of Schrader Real Estate and Auction Company, Inc., Columbia City, Ind., whose firm handled the auction.
"The tracts with the best irrigated land went for more than $6,000 an acre, and we had another 640 acres topping $5,700 an acre, so it's clear that demand for land continues to be solid, especially among farmers who see an opportunity to acquire additional land for their operations," states Schrader.
The ground was located south of Red Cloud, Neb., in Webster and Franklin counties., Neb., and Jewell County, Kansas. It was offered in 23 tracts. Thirteen buyers took the various individual and combination tracts.
Four tracts totaling 590 acres with 519 acres under pivot irrigation sold to one buyer for $6,047 an acre. Two separate pivot-irrigated 160-acre tracts sold to two buyers for $5,812 and $5,468 an acre each. A third 480-acre tract with 388 acres under irrigated brought $5,750 an acre. Various pastureland tracts sold from $1,875 to $2,727 an acre.