Clay County Farmland Sells for $12K an Acre

By: Associated Press
By: Associated Press

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.
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.

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