Farmland Values

Not too many months ago, farmland would sell well regardless of the quality – and likely at top dollar, too. Not surprisingly, slumping commodity prices have changed that. Dan Sullivan, with Sullivan Auctioneers in Hamilton, Illinois, cites his firm’s auction of 699 acres of good-quality farmland in McDonough County, Illinois, in November. The sale averaged $11,700 per acre. “A year ago, that land would have brought $14,000 to $15,000 per acre, or about 20% more,” Sullivan says.

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Land and Farm News

Of the 911 million acres of land in farms in the continental U.S., 31%, 283 million acres, is owned by non-operating landlords, or landlord entities that are not currently farmer operators.

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MLS, Realtors and WCAR

The term Realtor® identifies a real estate professional who is a member of the National Association of REALTORS®...

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Time to Buy or Sell? Call now 320-815-0460

info@hughesrealestate.net

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About Us

Welcome! Thank you for visiting the website of “Hughes Real Estate and Auction Service”. We are West Central Minnesota’s Full-Service Real Estate and Auction Company with over 45 years of combined experience. We specialize in Agricultural Cropland, Rural Residential, Residential, and Hunting/Recreational Properties. Whether you are thinking about a Conventional Listing, Live Auction, or a Sealed Bid method of selling your property, Appraisal, or Land Management - we can do it all. Our agents include; Jesse Hughes - Broker/Auctioneer from Danvers, MN, Dave Weller - Associate Broker from Brooten, MN and Dale Zaczkowski – Sales Agent out of Sauk Centre, MN and our newest Sales Agent working in the Benson/Starbuck Region – Duaine Flanders. Call us today for a NO-HASSLE consultation at: 320-815-0460 or email us: info@hughesrealestate.net Thank you and have a great day!
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