Posted by greenbeanman in Kansas on January 19, 2009 at 03:39:50 from (75.19.72.58):
In Reply to: Re: land prices posted by WantACaseLASomeday on January 18, 2009 at 17:01:18:
Remember that appraisals are educated guess work.
In the early 1980s I had some land in Ness County appraised by a Larned appraiser and one from another county that I"ve now forgotten. They offered similar appraised values.
A couple of months later I sold the land at auction and the opening bid was nearly double the appraised price. One quarter sold for $740 per acre when two high dollar bidders decided to test the other. Sure worked for me.
From what I"m told typical Ness county land now brings about $90,000. Since Ness and Pawnee are close together together (adjoining ?) that may give you a better idea. With grain prices having been up and low interest rates I would really expect land to now sell for more than the quoted $90,000 for dryland.
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