aerial land photo

Land with good development potential brings $8,150 per acre

The Leavenworth County property was advertised as having 'scenic views in every direction.'

The best prices for land go to properties close to urban areas with good development potential, and that was the case for 40 acres of Leavenworth County land that brought $8,150 per acre in a sale that closed May 22.

The property was advertised as having “scenic views in every direction with rolling terrain perfect for a walk out basement." Other amenities included a large water line nearby, with close proximity to schools, shopping, and Kansas City International Airport.

The seller of the hayland property was not identified. Farmers National Company handled the sale.

Stafford County
Land enrolled in the Conservation Reserve Program does not generally generate strong bidding but sometimes buyers are willing to bid on future potential.

When about 100 acres of Stafford County land came up for sale with 981 acres enrolled in CRP through September of 2022, there were some additional considerations for potential buyers. One consideration was that the land has Water File No. 13,260, with 150 acre-feet at 610 gallons per minute. The property also has producing minerals, with the seller reserving 50% for 5 years and as long as production exists.

The property was bid in at a strong $1,825 per acre. The seller was Mary Devlin. Carr Auction and Real Estate of Larned handled the sale.

Reno County
Approximately 80 acres of Reno County land advertised as a “hunter’s paradise” was sold in a sealed bid auction that closed May 25. The property offered eastern red cedars and tall cottonwood trees, along with newer fencing on half the property. There was one older farm shed on the property. The property sold for $1,773 per acre. The seller was not disclosed. Farmers National Company handled the sale.

Graham County
About 720 acres of cropland and grass with producing minerals was sold at auction on May 24. The property was sold in three tracts. Tract 1, about 240 acres of land with 20 acres in crops and the balance in grass and roadways, brought $700 per acre. Tract 2, about 320 acres with about 170 acres in cropland and the balance in grass, brought $500 per acre. Tract 3, about 160 acres with 75 acres in crops and 85 acres in grass, brought $900 per acre. The seller on tracts 1 and 2 was Betty Nickelson. The seller on Tract 3 was First State Bank. Farm and Ranch Realty of Colby handled the sale.

Wallace County
About 160 acres of Wallace County cropland sold at auction on June 12. The property had 73 acres of growing wheat and 12 acres of grassland. The balance was in dryland farmground.

The land sold for $525 per acre. The sellers were Georgia and Gary Pancake. Farm and Ranch Realty handled the sale.

Dickinson County
About 240 acres of excellent bottom ground was sold in a public auction that closed on May 31. The bottom ground is located below Lake Herington.

The property was sold in four tracts, but all sold together for $1,518 per acre. The seller was not disclosed. Farmers National Company handled the sale.

Miami County
When property has development potential, the bidding quickly goes higher. That's what happened with a 62-acre plot in Miami County that was billed as “everything your heart desires in a country property.” The land is located only a few miles south of Olathe, with plentiful deer and turkey.

Zoning permits the building of multiple, secluded homes, or the development of the land into a horse property or hunting preserve recreational property.

It sold by private treaty in a sale that closed May 29 for $2,540 per acre. The seller was not disclosed. The property brought $2,540. Farmers National Company handled the sale.

Rice County
About 320 acres of Rice County land sold in three tracts in an auction May 1.

Tract 1, surface rights only to 80 acres of dryland cropland planted to wheat, sold for $1,455 per acre. Tract 2, about 80 acres of dryland cropland planted to wheat, brought $2,160 per acre. Tract 3, about 160 acres with 60 acres in dry cropland, 60 acres in pastures and the remainder in CRP, was bid in at $1,125 per acre.

The seller was Jennifer Peters. Carr Auction and Real Estate handled the sale.

In another Rice County sale, about 80 acres of Rice County land was sold at auction in June. The land was all planted to wheat with the 2018 wheat crop retailed by the seller.

The excellent farm ground brought $1,830 per acre. The seller was Brian Bortz. Carr Auction and Real Estate handled the sale.

Hamilton County
About 490 acres of Hamilton County land was sold at private auction in June. The property was sold in two tracts. Tract 1, about 330 acres of dryland cropland, sold for $900 per acre. Tract 2 was 160 acres of land coming out of an expired Conservation Reserve Program contract. It brought $460 per acre. The seller was the Mary F. Wright Trust. Faulkner Real Estate and Auction handled the sale.

Grant County
About 464 acres of irrigated and dryland cropland sold at private auction in Grant County in June.

The property brought $960 per acre. The seller was Clark/Davis. Faulkner handled the sale.

Haskell County
About 1,760 acres of native grassland in Haskell County was sold at private auction in June.

The property brought $500 per acre. The seller was Woods. Faulkner handled the sale.

Phillips County, Colo.
About 960 acres of cropland and grassland in Phillips County, Colo., were sold at public auction May 15. The property was sold in six tracts.

Tract 1, 160 acres of cropland planted to wheat, brought $900 per acre. Tract 2, 160 acres planted to wheat, brought $1,000 per acre. Tract 3, 160 acres of open cropland, brought $1,150 per acre. Tract 4, 160 acres of open cropland, brought $700 per acre. Tract 5, about 160 acres of open cropland, brought $700 per acre. The final tract, 160 acres with 140 in cropland and 20 acres in grassland, brought $1,550 per acre. The seller was Grubbs Farmland Trust. Farm and Ranch Realty of Colby handled the sale.

Texas County, Okla.
About 160 acres of dryland farmland was sold at private auction in Texas County, Okla. The property brought $405 per acre. The sellers were Marvin and Marilyn Steinkuehler. Faulkner Auction and Real Estate of Ulysses handled the sale.

In a second Texas County sale, about 320 acres of irrigated cropland was sold at private auction. The property brought $1,475 per acre. The seller was the Robert L. Davis Irr. Trust. Faulkner also handled that sale.

Cimarron and Texas counties, Okla.
About 8,630 acres of land located mostly in Cimarron County, Okla. with one tract in Texas County was sold at private auction in June.

The property was sold in 13 tracts of dry farmland, grassland, and irrigated cropland.

Tract 1 was 160 acres of farmland that brought $1,000 per acre. Tract 2, another 160-acre tract of dryland cropland, was sold for $975. Tract 3, about 640 acres of farmland and grassland, brought $440 per acre, while Tract 4, about 160 acres of dry cropland, brought $1,170 per acre.

Tract 5, about 329 acres of dry cropland, sold for $835 per acre. Tract 6, about 640 acres of dry cropland, brought $770 per acre, while Tract 7, about 160 acres of cropland, brought $785 per acre. Those seven tracts are all in Cimarron County.

Tract 8, about 160 acres in Texas County, brought $784 per acre, while Tract 9, about 640 acres of Cimarron County grassland, sold for $400 per acre. Tract 10, about 3,024 acres of farmland and grass in both counties, brought $385 per acre.

Tract 11, about 160 acres of Texas County dry cropland, brought $730 per acre. Tract 12, about 2,240 acres of irrigated farmland and grassland, brought $500 per acre, while the final tract, about 320 acres of farmland in Cimarron County, brought $700 per acre.

The seller was Smalts. Faulkner Real Estate and Auction of Ulysses handled the sale.

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