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Expensive Farmland
02/10/2012
 

 HASTINGS, Neb. (AP) _ A 160-acre farm in Clay County in southern
Nebraska has sold for $12,000 an acre, which one auctioneer says
could be a record per acre at a public sale for Nebraska farmland.

     The farm was sold on Monday at an auction in Hastings.

     The Hastings Tribune reports Randy Ruhter, president of Ruhter
Auction, says he believes it could be a record or near the record
at a public auction in the state.

     Ruhter describes the farmland as gravity irrigated farmland with
pivot irrigation potential, good water and soil.

     A few weeks ago, two farms in eastern Adams County sold for just
under $12,000, and another sold for $10,800.
 

© Associated Press
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