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Land Broker MLS » 2013 » November

Archive for November, 2013

Farm and Ranch Values Increasing

Monday, November 18th, 2013

Farm and Ranch Values Increasing

by John Knipe

(BOISE, IDAHO) The Department of Interior’s United States Department of Agriculture (USDA) completed its report entitled “Land Values 2013 Summary”. The report was created and just released through the USDA’s – National Agricultural Statistics Service. The report looked at farm real estate values, cropland values, and pastureland values in comparison from 2012 to 2013.

Farm real estate values, according to this USDA report, increased in Idaho (+3.8%), Oregon (+2.4%), California (+1.4%), Washington (+2.2%), and Montana (+3.9%) from 2012 to 2013. The report also demonstrates that the average farm real estate value across the entire United States averaged $2,900 per acre. The report defines “farm real estate values” as a measurement of value of all land and buildings on a farm. The national farm real estate value average demonstrates an increase in value of 9.4 percent over values of farm real estate in 2012. Values of farm real estate vary location to location, region to region and area to area but the report demonstrates average values for the United States. States in the Southwestern United States shows no change in value. States in the Northern Plains, on the other hand, she an increase in value equal to over 23 percent over values in 2012, according the report. The lowest values for farm real estate were in the Mountain States, with an average per price acre of just over $1,000 an acre. Corn Belt States had the highest values in farm real estate values. The average price per acre of farm real estate in these states averaged $6,400 per acre, the study and report found.

Cropland values increased in Idaho (+5.5%), Oregon (+4.4%), California (+3.9%), Washington (+12.1%), and Montana (+4.2%). Cropland values, on average across the United States, showed a stronger gain in value. Cropland values increased 13 percent from 2012 to 2013, which is an increase of $460 per acre, rising to an national average of $4,000 per acre. Southeast States saw a decrease in 2013 cropland values, with a loss in value of 2.8 percent. In contrast, the Corn Belt States saw increase in cropland values of over 16 percent in 2012 and another increase of 25 percent in 2013.

Pasture values increased in Oregon (+9.7%), Washington (+1.2%), and Montana (+1.8%). Values in Idaho and California showed no change in value. Pasture values in the United States increased by 4.3 percent from 2012 to 2013 to a national average of $1,200 per acre. Pasture values decreased from 2012 to 2013 in the Southeastern States with a loss of 1.5 percent. Northern Plain States showed the strongest gain. Pasture values in these states increased over 18 percent in 2013.

ABOUT THE AUTHOR: Knipe Land Company traces its roots back to 1944, when it first opened its doors in Nampa Idaho making the company one of the oldest run real estate companies in Idaho and the Western United States. John Knipe is a Past President of the Idaho Realtors Land Institute, Past Regional Vice President of the National Association of Realtors – Realtors Land Institute, serves as President of the World Organization Land Federation and Executive Vice President of the American Land Institute. Knipe has won over a dozen advanced marketing awards from the National Association of Realtors and his company was selected awarded one of the Best Brokerages in the United States by the Land Report Magazine. Knipe has written courses and books on farm, ranch and land brokerage and land development and is a Senior Real Estate Instructor with the World Organization Land Federation. For assistance in purchase or selling a farm, ranch or highly appreciated real estate asset, cont Knipe at (208) 345-3163 or john@knipeland.com Visit his company on the world wide web at www.knipeland.com At the end of August 2013 when these studies were created, based on closed sales volume when ranked against all the other Realtors in the Intermountain MLS, Knipe ranked 25th in highest closed sales volume. In 2012, Knipe ranked 16th for closed sales volume when ranked against all other Realtors throughout the Intermountain MLS.

For a tailored marketing program on your farm or ranch specific to your needs, or if you are looking to buy a farm or ranch, you are encouraged to contact a “Board Certified” Land Broker. Reach John Knipe, “Board Certified” Land Broker at john@knipeland.com or (208) 345-3163.

Kansas Farm and Ranch Land Sells for $46 Million+ at Auction

Tuesday, November 12th, 2013

November 12, 2013 By Steve
The Triple Crown of auctions took place last week when 33,667 acres of Kansas farm and ranch land were put on the market by Hall and Hall Auctions. More than 500 spectators, including 128 registered bidders, participated in a two-day auction, which totaled $46,485,770 in land sales. Highlights of the auctions included: a 160-acre Wichita County tract that fetched $3,312 per acre and ranchland south of Meade, Kansas that brought $1,007 per acre. Properties were purchased by 22 separate individuals, including local landowners and buyers from Louisiana, Texas, Nebraska and Colorado. For more information contact John Wildin at 620-662-0411 or Scott Shuman at 970-716-2120.

Kansas famr for sale