Consultants anticipate practically 40% of American agricultural land will transition possession within the subsequent 15 years. As Kansas farmers retire and land is both offered or inherited by farming or non-farming heirs, the make-up and placement of the brand new house owners of that land has been altering over time, experiences Kansas State College agricultural economist Robin Reid.
Reid labored with the Kansas Property Valuation Division of the Division of Income to research agricultural land possession by location. The researchers used information from 2015, the final most full 12 months of information accessible. The outcomes, reported in January, present that 84.5% of acres within the examine are owned by people or entities residing in Kansas. Of these, 54.6% stay in the identical county as their parcel.
The remaining 15.5% of acres have been owned by people or entities residing outdoors of Kansas; Texas tops the record at simply over 1.2 million Kansas agricultural land acres owned by Texans. Colorado, Oklahoma, Nebraska and Missouri — states bordering Kansas — personal the next-largest parts of Kansas ag land. California people and entities observe, with just below 450,000 acres.
Reid’s staff supplied a county-by-county evaluation of land possession in its report.
Cheyenne County. About 480 acres of Cheyenne County land was offered at public sale Feb. 21. The land, offered in three tracts, included each crop and Conservation Reserve Program acres. Tract 1, 160 acres of practically stage dryland in rising wheat, offered for $3,100 per acre. Tract 2, a gently rolling quarter-section that was open cropland with a corn, grain sorghum, and wheat base, offered for $3,100 per acre. Tract 3 included 121 acres of unpolluted wheat stubble and 37.5 acres of CRP wildlife habitat. It offered for $2,800 per acre. The land had a historical past of progressive administration, in response to the public sale firm. The vendor was Rex Bressler Household Holdings LLC. Farm & Ranch Realty Inc., Colby, Kan., dealt with the sale.
Norton County. About 238 acres of high-quality irrigated cropland within the Prairie Canine Valley of Norton County was offered at public sale Feb. 3. The property offered in two tracts, each close to Almena, Kan. Tract 1, 160 acres primarily of cropland with some grassland, included one irrigation effectively permitted below Water Proper File No. 19106, and a pasture with an electrical effectively and inventory tank. It offered for $4,500 per acre. Tract 2, 78 acres of cropland, included a home effectively with no pump, and it offered for $4,100 per acre. The sellers have been Clarence and Bette Tien. Farm & Ranch Realty Inc., Colby, dealt with the sale.
Wichita County. A Jan. 31 public sale in Wichita County offered 160 acres of irrigated cropland, mineral rights and royalty manufacturing. The public sale offered in three tracts. Tract 1, which was for floor rights solely, was 160 acres of irrigated and dryland cropland alongside a county highway. It included one irrigation effectively, was permitted for 320 acre-feet at 850 gallons per minute and which was commingled with adjoining water rights and within the proposed Wichita County LEMA (native enhanced administration space). It offered for $4,500 per acre. Tract 2, which was for 50% curiosity in mineral rights and manufacturing in and below the parcel in Tract 1, offered for $155,000. Tract 3, which was for 50% curiosity inmineral rights below the parcel in Tract 1, offered for $13,000. The vendor was the Walker household. Farm & Ranch Realty Inc., Colby, dealt with the sale.
Lincoln County, Colo. About 8,400 acres of Lincoln County, Colo., farmland was offered in six tracts at public sale Feb. 17. This massive dryland acreage providing of farmland and grassland had been enrolled in CRP for a few years, and solely just lately had the house owners began breaking out and cultivating the expired acres, in response to the public sale firm. The tracts ranged in dimension from 335 acres to 2,300 acres, and so they offered for a low of $375 per acre to a excessive of $450 per acre. The vendor was the John Knoss Farm. Farm & Ranch Realty Inc., Colby, dealt with the sale.
Comments