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Successful Land Sale: 745 Acres in Oklahoma Average $1,289 Per Acre

You've heard of Wakita, Oklahoma, before. It was one of the towns featured in the 1996 movie, Twister. In the film, a massive tornado cuts through town leaving rubble in its wake. 

"We wound up selling part of the land via private treaty," says Brock Thurman, vice president for Farmers National, which had both sales. 

Thus, the only tract that sold via auction was 315 acres of mostly Class II soils, with mostly Kirkland silt loam soils. It was a "tougher piece of land to farm," says Thurman. The soils in this area tend to not be as productive, plus the tract had six mineral wells on the property, making it more difficult to farm around. The minerals did not sell with the land. It sold for $315,000 ($1,000 per acre).

Thurman did share the results of the private treaty sale. There were 430 acres, which brought $645,000 ($1,500 per acre), selling to one local farmer. Featured were tracts generally west and south of the town of Wakita. These were good-quality, level soils - among the best in Grant County. Here is more about them:

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Tract 1: 120 acres, including 118 acres of tillable land featuring mostly Kirkland-Pawhuska soils. Most of the soil types put this as Class II-III. 

Tract 2: 150 acres, with 100 acres cropland and the balance in hay. The tract has mostly Class II McClain silt loam soils and ranks as Class II land. 

Tract 3: 160 acres, with 23 acres hay, 8 noncrop, and the balance in cropland acres with mostly Class II Kirkland soils. 

Grant County is in north-central Oklahoma, bordering Kansas. The two-year average yields are wheat, 26 bushels per acre; sorghum, 70 bushels per acre; and soybeans, 25 bushels per acre, according to the National Ag Statistics Service. Those numbers are skewed by drought in 2014, however. Cash rent was $41 per crop acre in 2014; $12 per pasture acre.

The county typically receives about 32 inches of precipitation each year. 

For more, log onto www.FarmersNational.com

Best of the Rest

Kansas: 174 acres north of Hill City in Graham County sold July 6. The rolling quarter section has 90 acres of cultivated land, 15.25 acres grassland, and the rest enrolled in Conservation Reserve Program, paying $2,718 annually through 2022. The tillable land has 28 acres in wheat, 22 acres in corn, and the rest was fallowed. The buyer gets one-third of the corn crop and 100% of the remaining CRP payments. The land sold for $195,000 ($1,121 per acre). www.FarmlandAuction.com 

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