A recent auction of seven dry land Kansas farms attracted a strong field of 51 registered bidders, leading to sale prices that reflect the continued upward trend in prices of agricultural land, according to R.D. Schrader, president of Schrader Real Estate & Auction Company, which conducted the sale.
On March 25, Schrader successfully sold the seven farms — 960 acres in all — in Baron, Lane and Ford counties, for a total of $1,615,000.
“In Kansas, we saw the same thing we’ve been seeing throughout the United States — remarkably strong demand for farmland, resulting in prices that reflect the long-term value of the land itself,” said Schrader. The land sold for approximately 190% of the level at which it had been appraised in 2009.
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