(KLZA)-- A 116 acre farm located east of Falls City along Highway 159 sold in an online auction recently for what is believed to be the highest price per acre ever sold in Nebraska.
The property sold for $27,400 per acre. The assessed value of the property was $4,185 per acre. The Lincoln Journal Star reported that the 2022 Nebraska Farm Real Estate Report said the average price per acre for farmland in Southeast Nebraska is $6,070..
The Lincoln paper reports there were originally nine interested bidders, but two potential buyers pushed the price higher and higher.
According to the Journal-Star story, David and Steven Frederick, who farm neighboring ground purchased the property.
DreamDirt Auction Company who conducted the auction said the price per acre surpassed the Iowa record of $26,250 per acre price for an Iowa farm sold recently.
© Many Signals Communications
MOST VIEWED STORIES
Atchison apt fire claim's toddler's life, injures others
Four arrested for illegal activity on Kickapoo Reservation
Two search warrants, two Horton homes, two arrests
Whiting woman pleads to theft of fire dept. funds
One injured in Nemaha Co wreck
Wetmore man arrested on child sex-related charge
Flags across KS to fly half-staff Sunday
Walnut Township Treasurer removed; votes unofficial until canvass
Two men arrested in Jackson Co for distribute of meth
TX man to stand trial on charges in fatal Jackson Co crash
Local judge files for re-election
Atchison in running for national fireworks honors
Bridge work begins Wed in Doniphan Co
Latest Brown, Doniphan Co filings
Planned outage for Brown-Atchison Electric Tuesday
Motorcyclist injured in Holt Co MO crash
Commission takes action related to bridge project
LATEST STORIES
Two candidates file for Jackson Co attorney
USD 430 Board accepts resignations, approves new hires
Holton's Spring Cleanup Day Saturday
Chiefs' Butker named Keynote Speaker for BC Commencement
Two stop legislative coffee talks set for Saturday
BC's Pate remembered by students, college family
Falls City Council approves permit for goats in city limits
Grant awarded to Falls City Library and Arts Center
Nebraska City man to serve on Peru State College Foundation Board
Fairfax man injured in tractor accident in Atchison County MO