TOPEKA, Kan. (AP) - Stable farm income and a relatively small number of farms on the market left farmland prices in Kansas largely unchanged, contrary to concerns that an agriculture bubble could be deflated.
Land auctioneer Farmers National Company says irrigated farm land sold at auction this month cost about the same as comparable land a year ago.
With rainfall easing drought conditions in much of the state, company officials say they don't see land values tapering off anytime soon.
The Topeka Capital-Journal reports irrigated Kansas farmland sold at auction for up to $6,000 an acre in June, while non-irrigated land went for $2,000 to $4,000.
January farmland prices dropped 10 percent compared with January 2013, but it isn't clear if that decline was just a blip reflecting a small number of farms.
© Associated Press
MOST VIEWED STORIES
Three former Atchison Co employees arrested on felonies
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
Services set for Effingham woman killed in crash
Barricaded fugitive arrested in Jackson County
Two file to challenge local legislator
Fatal Atchison apt fire investigation continues
Fentanyl find nets four in two Atchison cases
USD 415 board select new member
U.S. 36 work in Doniphan Co to impact motorists
Results from SE Nebraska contested Primary Elections
Date set for signals switch at Hiawatha intersection
Flags to fly half staff Wednesday across KS
State Board approves land transfer agreements
Memorial Day enforcement hits KS roads
Support sought for fire ravaged family
Contested races in Tuesday Primary Election in Nebraska
LATEST STORIES
Tuition increase by KU, others in state
KS grad requirements updated after two decades.
Fentanyl find nets four in two Atchison cases
Armed felon found, arrested, in Jackson Co
Support sought for fire ravaged family
Potts first to file for Sheriff's seat in Atchison Co
Senator Slama won't endorse candidate in legislative race
Local author brings "Broken and Chained" to Falls City Saturday