Kansas Agricultural Land Values and Trends 2020

Agricultural cnics

Table of Contents 2 Acknowledgments and Disclosure 3 KSFMRA and KS Chapter of ASFMRA Officers and Board of Directors 5 2020: A Year in Review 9 State Land Value Trends 16 Northwest Region 21 West Central Region 27 Southwest Region 32 North Central Region 37 Central Region 43 South Central Region 51 Northeast Region 57 East Central Region 63 Southeast Region 68 Land Values Book Sponsor List

Kansas Land Region Map

Cheyenne Rawlins Decatur Norton Phillips Smith Jewell Republic Washington Marshall Nemaha Brown Doniphan

NORTHST NORTH CNTRAL NORTHAST Atchison Cloud Sherman Thomas Sheridan Graham Rooks Osborne Mitchell Clay Riley Pottawatomie Jackson Je erson Ottawa Wyandotte Lincoln Leavenworth Geary Shawnee Wallace Logan Gove Trego Ellis Russell Dickinson Wabaunsee Douglas Johnson Saline ST CNTRAL CNTRAL Morris AST CNTRAL Ellsworth Osage Franklin Miami Greeley Wichita Scott Lane Ness Rush Barton Lyon Rice McPherson Marion Chase

Pawnee Co ey Anderson Linn Hodgeman Hamilton Kearny Finney Sta ord Harvey Reno Edwards Greenwood Woodson Allen Bourbon Butler SOUTHST Ford SOUTH CNTRAL SOUTHAST Gray Pratt Sedgwick Stanton Grant Haskell Kiowa Kingman Wilson Neosho Crawford Elk

Morton Stevens Seward Meade Clark Comanche Barber Harper Sumner Cowley Montgomery Labette Cherokee Chautauqua

Kansas land regions in this book are consistent with Crop Reporting Districts used by the National Agricultural Statistics Service (NASS).

Kansas Agricultural Land Values and Trends 2020 1 Acknowledgments

The Kansas Agricultural Land Values and Trends publication is a joint venture between the Kansas Society of Professional Farm Managers and Rural Appraisers and the Kansas State University Agricultural Economics Department. Agricultural land sales data comes from the Kansas Property Valuation Department, submitted by county courthouses across the state.

Author Robin Reid Extension Associate K-State Agricultural Economics [email protected] 785-532-0964

Electronic copies of this publication can be found at: http://www.agmanager.info/land-leasing/land-buying-valuing Hard copies are also available through some KSFMRA members and K-State Research and Extension offices.

Disclosure

Data in this publication includes parcels sold in Kansas from 2015-2020. In an attempt to capture parcels selling for agricultural land purposes, some observations were removed from the data set. These included parcels fewer than 70 acres in size and extreme outliers in land price. No adjustments were made to the reported per acre sales value based on land quality, location, fencing, water availability, etc. Parcels are classified as irrigated cropland, non-irrigated cropland, or pasture/hay ground based at least 70% of the parcel acres fitting into that category. An economic procedure is used to compute average value per acre based on the listed price per acre and the parcel’s percentage composition of irrigated cropland, non-irri- gated cropland, and pasture/hay ground. Readers are asked to exercise discretion when using data from this report. Reported market values should not be used as a substitute for a Land Professional.

2 Kansas Agricultural Land Values and Trends 2020 KSFMRA Officers and KS Chapter ASFMRA Officers Board of Directors and Board of Directors

Kent McKinnis – President Brock Thurman – President Fred Olsen – President Elect Barb Lechtenberg – Immediate Past President Cami Long – Immediate Past President Ray Bartholomew – Secretary/Treasurer Ray Bartholomew – Secretary/Treasurer Vacant – Education/Events Coordinator Kellie Nesmith – Director (1) Andrew Haynes – Director (2) Vacant – Director (3)

About the ASFMRA

The American Society of Farm Managers and Rural Appraisers® (ASFMRA®) is the largest professional association for rural property land experts, boasting more than 2,100 members in 31 chapters throughout the United States. More than 40% of ASFMRA’s members hold a designation as an Accredited Farm Manager (AFM), Accredited Rural Appraiser (ARA), Real Property Review Appraiser (RPRA) or Accredited Agri- cultural Consultant (ACC). ASFMRA was founded in 1929 and the average member has been part of the organization for more than 17 years. Our Farm Managers and Agricultural Consultants are in strong demand, with more than 40% of farmland in the United States currently being rented. Our Farm Managers and Agricultural Consultants on average manage 55 to 75 farms, consisting of 14,000 to 20,000 acres. They also have influence over more than just the farms they manage, as a typical professional farm manager will work with a farm operator who is farming additional land. Farm Managers and Consultants typically work with 50 to 70 landowners, family members, and their beneficiaries. Our Farm Managers and Consultants have influence on input and other production and marketing decisions on acreage representing millions of dollars. ASFMRA’s Appraisers and Review Appraisers represent individuals who have taken additional training beyond what is required, in order to gain specialized expertise in appraising rural and agricultural properties. Many of them are familiar with complex appraisal situations including eminent domain, conservation ease- ments, as well as appraising poultry facilities, grain elevators, wind farms, dairies, greenhouses, and vineyards. When you utilize an ASFMRA-trained appraiser or review appraiser, know that they have been trained on the most up-to-date technologies and methodologies associated with valuation. ASFMRA truly represents The Most Trusted Rural Property Professionals and is the organization for indi- viduals who provide management, consultation, and valuation services, as well as real estate services on rural and agricultural assets. The land experts who hold membership in ASFMRA work under a professional code of ethics, which includes continuing education requirements. You can rest assured that if you’re working with someone who is an accredited member of the society, you are truly working with a competent land expert and agricultural professional who can assist you with all of your property, land, and asset needs.

Kansas Agricultural Land Values and Trends 2020 3 Keep the land in the family — the K-State family.

DAVID MAYES PHOTOGRAPHY

You’ve worked hard and raised your family on the land. You deserve peace of mind. When you make a charitable gift of real estate to Kansas State University, Kansas’ land-grant university, your investment cultivates opportunities for future students and possibly lifetime income for you. And you no longer have to worry about the weather.

Wondering how to grow your future income and support the university you love? “ I loved the farm. I love the benefits Contact KSU Foundation’s Gift Planning team for charitable from the charitable trust and gift options that pay you a lifetime income and support the K-State scholarship I was generations of K-State students. able to create even more.” — Shirley Jacobson

1800 Kimball Avenue, Suite 200 | Manhattan, Kansas 66502-3373 785-775-2000 | [email protected] | ksufoundation.org Keep the land in the family — 2020: A Year in Review the K-State family. Welcome to the third edition of the Kansas Land Values and Trends. We appreciate the support of the Kansas Society of Farm Managers and Rural Appraisers as well as all our advertisers in the creation of this publication. We hope it provides useful and timely information for you and your business. The year 2020 will go down in the books as the largest modern-day worldwide pandemic. With regards to agriculture, 2020 will be recorded as a year of disrupted marketing chains, large government emergency payments and an unanticipated but very welcome run-up in commodity prices. Figure 1 shows reported cash price sales in Salina, KS from 2018 to the beginning of 2021. Soybeans and corn saw decreases in cash price as the pandemic unfolded in March, but by August all prices started to rally and ended the year at levels not seen in 6 years. Wheat prices remained more resilient as bread shortages in grocery stores occurred and the country underwent a change to more at-home dining. Strong export markets (mainly demand from China) has driven the recent run-up in commodity prices and forecasts indicate a favorable year ahead for crop sales. From the low in 2020, current prices have increased by $1.81 in wheat, $2.14 in corn, $3.64 in grain sorghum and $5.41 in soybeans. Net Farm Income, as measured by the Kansas Farm Management Association, saw an increase in 2019 from historically low levels and is expected to be even higher in 2020 (will be released in June 2021). Most of this increase however is due to government payments. Marketing Facilitation Payments (MFP), because of the trade war with China, were received in 2018 and 2019 and Coronavirus Food Assistance Program Payments (CFAP), because of the pandemic, were received in 2020. Figure 2 shows historical Net Farm Income levels in Kansas and the amount that was supported by government payments. The 2019 Net Farm Income average was $110,380 per operator but of that 72% was made up of government payments. Net Farm Income in 2020 DAVID MAYES PHOTOGRAPHY will likely be higher but also will have a large portion due to government payments. If strong commodity prices persist into 2021, Net Farm Income in Kansas is expected to once again increase but have little to no You’ve worked hard and raised your family on the land. government payments making up that amount. What does this mean for land values? Strengthening commodity prices, low interest rates and large amounts You deserve peace of mind. of government payments supporting Net Farm Income in recent years will no doubt translate into strength- ening land values in 2021. Despite a downturn in the farm economy over the last 5 years, land values have When you make a charitable gift of real estate to Kansas State remained resilient. Figure 3 shows Kansas land values (as reported by National Ag. Statistics Service) going University, Kansas’ land-grant university, your investment back to 1950. While a pullback in values since 2014 is seen statewide, one can argue the steep growth curve cultivates opportunities for future students and possibly that occurred prior may have over-inflated land values. Continuing on a near 5% annual growth curve would lifetime income for you. And you no longer have to worry bring land values back to a historically “normal” growth rate. about the weather. As always, local land markets will react to different levels based on the ability of farmers to bid on land. Some of the differences in the reaction of land values across the state come from alternative uses for land including Wondering how to grow your future income hunting, oil and gas exploration, and wind turbine development. However, the primary use of most land in and support the university you love? Kansas is for agriculture. Please explore this book to see local land market trends in your district and county “ I loved the farm. I love the benefits in 2020. Contact KSU Foundation’s Gift Planning team for charitable from the charitable trust and gift options that pay you a lifetime income and support the K-State scholarship I was Sincerely, generations of K-State students. able to create even more.” — Shirley Jacobson Robin Reid Dr. Allen Featherstone Kansas State University Kansas State University Department of Agricultural Economics Department of Agricultural Economics Extension Associate Department Head and Professor 1800 Kimball Avenue, Suite 200 | Manhattan, Kansas 66502-3373 785-775-2000 | [email protected] | ksufoundation.org

Kansas Agricultural Land Values and Trends 2020 5 Figure 1. Salina, KS Monthly Cash Commodity Prices

$7 heat 2018 2019 2020 $6 $1.81 $5

$4

$3

$2

$1

$0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 1 4 7 11 14 17 20 23 26 30 33 36 39 42 45 48 3 6

$6 Corn 2018 2019 2020 $5

$2.41 $4

$3

$2

$1

$0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 1 4 7 11 14 17 20 23 26 29 32 35 38 41 44 47 2 5 9 12 15 18 21 24 27 31 34 37 40 43 46 1 4

$8 Grain Sorghum 2018 2019 2020 $7

$6 $3.64 $5

$4

$3

$2

$1

$0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 1 4 7 11 14 17 20 23 26 31 34 37 40 43 46 1 4

$14 Soybeans 2018 2019 2020 $12 $5.41 $10

$8

$6

$4

$2

$0 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 1 4 7 11 14 17 20 23 26 29 32 35 38 41 44 47 2 5 9 12 15 18 21 24 27 31 34 37 40 43 46 1 4 eeks in Calendar Year

6 Kansas Agricultural Land Values and Trends 2020 Figure 2. Net Farm Income Per Operator (all KFMA farms)

$140,000

Farm income $120,000 Government payments $100,000

$80,000

$60,000

$40,000

Return Over Total Costs $20,000

$0

($20,000) 2014 2015 2016 2017 2018 2019

Figure 3: NASS reported Kansas Land Value

$2,500

$2,000

Annual Growth Rate 4.92% since 1950 $1,500

$1,000 Price per Acre

$500

$0

1950 1952 1954 1956 1958 1960 1962 1964 1966 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020

Kansas Agricultural Land Values and Trends 2020 7 TM

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Farms Operations† Farm Operations - Area Operated, Measured in Acres / Operation 784 Farm Operations - Number of Operations 58,300 Farm Operations - Acres Operated 45,700,000

Livestock Inventory † Cattle, Cows, Beef - Inventory ( First of Jan. 2021 ) 1,477,000 Cattle, Cows, Milk - Inventory ( First of Jan. 2021 ) 173,000 Cattle, Incl Calves - Inventory ( First of Jan. 2021 ) 6,500,000 Cattle, On Feed - Inventory ( First of Jan. 2021 ) 2,660,000 TRENDS STATE Goats, Meat & Other - Inventory ( First of Jan. 2021 ) 40,000 Goats, Milk - Inventory ( First of Jan. 2021 ) 4,000 Sheep, Incl Lambs - Inventory ( First of Jan. 2021 ) 70,000 Hogs - Inventory ( First of Dec. 2020 ) 2,040,000

Milk Production † Milk - Production, Measured in Lb / Head 23,694 Milk - Production, Measured in Lb 4,028,000,000 † Survey Data from Quick Stats as of: Mar/10/2021

Crops - Planted, Harvested, Yield, Production, Price (MYA), Value of Production † Planted Value of All Purpose Harvested Production Commodity Acres Acres Yield Production Price per Unit in Dollars Corn, Grain 5,720,000 134 bu/a 766,480,000 bu 4.3 $/bu 3,295,864,000 Corn, Silage 250,000 19.5 tons/a 4,875,000 tons Corn 6,100,000 Soybeans 4,750,000 4,700,000 40.5 bu/a 190,350,000 bu 10.9 $/bu 2,074,815,000 Wheat, Winter 6,600,000 6,250,000 45 bu/a 281,250,000 bu 4.5 $/bu 1,265,625,000 Sorghum, Grain 2,800,000 85 bu/a 238,000,000 bu 8.6 $/cwt 1,146,208,000 Sorghum, Silage 60,000 15 tons/a 900,000 tons Sorghum 3,000,000 Hay 2,590,000 2.28 tons/a 5,893,000 tons 127 $/ton 647,848,000 Hay, (Excl Alfalfa) 2,050,000 1.9 tons/a 3,895,000 tons 94 $/ton 366,130,000 Hay, Alfalfa 540,000 3.7 tons/a 1,998,000 tons 141 $/ton 281,718,000 Cotton, Upland 195,000 186,000 826 lb/a 320,000 480 lb bales 0.538 $/lb 82,637,000 Sunflower 73,000 70,000 1,465 lb/a 102,540,000 lb 21.8 $/cwt 21,513,000 Oats 140,000 16,000 52 bu/a 832,000 bu 2.95 $/bu 2,454,000 Barley 16,000 6,000 51 bu/a 306,000 bu 2.85 $/bu 872,000

Kansas Agricultural Land Values and Trends 2020 9 Trends in Annual Acres Sold – By Region STATE TRENDS

120,000

100,000

80,000

60,000 T A A 40,000

20,000

0 2015 2016 2017 2018 2019 2020

Northwest North Central Northeast West Central Central East Central Southwest South Central Southeast

% Change in 2020 Total Ag Land Acres Sold Acreage Sales from Region 2015 2016 2017 2018 2019 2020 2015-2019 Average Northwest 44,720 25,754 21,626 39,235 39,081 39,034 14.5% West Central 43,250 26,685 28,613 37,207 32,436 44,237 31.5% Southwest 98,163 84,460 78,566 91,031 87,427 108,868 23.8% North Central 44,457 21,630 35,447 49,634 31,346 35,053 -4.0% Central 60,087 27,005 31,107 33,172 30,391 37,882 4.2% South Central 83,794 44,185 49,935 57,182 49,478 49,798 -12.5% Northeast 25,667 18,374 16,960 24,418 19,592 21,871 4.1% East Central 59,095 21,246 28,398 37,487 31,739 34,160 -4.0% Southeast 71,852 45,726 40,703 58,768 44,139 49,675 -4.9% State 531,086 315,064 331,355 428,135 365,629 420,578 6.7%

The number of agricultural land acres in Kansas sold on an annual basis had dramatically decreased from the volume seen in 2015, coinciding with the pullback in the farm economy, but saw a slight uptick in 2020. On the state level, agricultural land sales totaled 420,578 acres in 2020, which is 6.7% greater than the 2015-2019 average and 15% greater than the 2019 value. Land sales volume varies by region, but the main contributor by far to the state sales volume is the Southwest region. While the Northeast region tends to have the highest prices per acre, it is the smallest in sales volume.

10 Kansas Agricultural Land Values and Trends 2020 Trends in Average Land Value – By Type

4,000

3,500

3,000

2,500

2,000

1,500

1,000 A D A 500 STATE TRENDS STATE 0 2015 2016 2017 2018 2019 2020

Non-irrigated Cropland Irrigated Cropland Pasture/Hay

% Change in 2020 Average Dollars per Acre Dollars per Acre from Type 2015 2016 2017 2018 2019 2020 2015-2019 Average Non-Irrigated Cropland 2,440 2,155 2,027 2,021 1,935 2,032 -3.9% Irrigated Cropland 3,657 3,451 2,773 3,143 2,979 3,247 1.5% Pasture/Hay Ground 2,173 1,967 1,865 1,783 1,809 1,906 -0.7%

It is difficult to interpret a state average as so much variability exists in land values based on region, produc- tivity level, local demand, etc. that an overall average is unreflective of any one market. When averaging the price per acre from all sales across Kansas, what tends to happen is areas with high sales volume drive the average. In Kansas, the Southwest region accounts for a large number of cropland sales but also has the lowest price per acre, so values in that region heavily influence the state average. Likewise, much of the pasture/hay ground acreage sells in the East Central and Southeast regions so the pasture/hay ground state average is largely influenced by sales in this area. This is why non-irrigated and pasture/hay ground values are closer in value than one would expect, when compared at the state-level. Evaluating the trend of these values over time however does reveal insightful information. Non-irrigated cropland, which makes up the majority of agricultural land in the state, had been holding steady for the last four years after coming off the peak in 2015, with the exception of a small drop in 2019. Compared to the 5-year average, the value of non-irrigated cropland has decreased 3.9%. Irrigated cropland, which is located primarily in the three western regions of Kansas and the South Central region, saw its peak in 2015 and has shown lower but highly variable values ever since. Agricultural land for pasture and grass hay peaked in 2015 at $2,173 per acre and then saw a pullback in value the following year. Pasture/Hay Ground has been holding steady ever since and in 2020 was only 0.7% different from the historical 5-year average. Regional trends in these three types of agricultural land categories are displayed on the following pages. While state trends give an overall picture, local markets are highly variable.

Kansas Agricultural Land Values and Trends 2020 11 Trends in Non-irrigated Land Value – By Region STATE TRENDS

5,000

4,500

4,000

3,500

3,000

2,500

2,000

A D A 1,500

1,000

500

0 2015 2016 2017 2018 2019 2020 Northwest North Central Northeast West Central Central East Central Southwest South Central Southeast

% Change in 2020 Average Dollars per Acre Dollars per Acre from Region 2015 2016 2017 2018 2019 2020 2015-2019 Average Northwest 2,157 1,937 1,673 1,717 1,751 1,682 -8.9% West Central 1,909 1,523 1,254 1,301 1,276 1,357 -6.6% Southwest 1,471 1,170 1,116 1,201 1,188 1,314 6.9% North Central 2,806 2,490 2,530 2,239 2,060 2,037 -16.0% Central 2,385 2,305 2,151 1,905 2,136 2,091 -3.9% South Central 2,535 1,883 1,760 1,928 1,865 2,002 0.4% Northeast 4,581 4,130 4,060 4,096 3,978 4,154 -0.4% East Central 2,745 2,559 2,591 2,791 2,393 2,623 0.3% Southeast 2,233 2,615 2,223 2,316 2,614 2,513 4.7%

12 Kansas Agricultural Land Values and Trends 2020 Trends in Irrigated Land Value – By Region

6,000

5,500

5,000

4,500

4,000

3,500

3,000

2,500 A D A STATE TRENDS STATE 2,000

1,500

1,000 2015 2016 2017 2018 2019 2020 Southwest South Central Northwest West Central

% Change in 2020 Average Dollars per Acre Dollars per Acre from Region 2015 2016 2017 2018 2019 2020 2015-2019 Average Northwest 3,989 3,321 3,422 4,000 3,728 3,660 -0.9% South Central 4,940 4,897 3,402 3,592 3,738 4,182 1.7% Southwest 2,653 1,956 2,394 2,316 2,116 2,634 15.2% West Central 3,526 2,716 2,294 3,151 2,225 2,819 1.3% *Limited sales of irrigated crop ground makes trends fluctuate. The Southwest region is the only region that has a consistently large amount of irrigated land sales.

Kansas Agricultural Land Values and Trends 2020 13 Trends in Pasture/Hay Ground Land Value – By Region STATE TRENDS

3,500

3,000

2,500

2,000

1,500

1,000 A D A

500

0 2015 2016 2017 2018 2019 2020 Northwest North Central Northeast West Central Central East Central Southwest South Central Southeast

% Change in 2020 Average Dollars per Acre Dollars per Acre Region 2015 2016 2017 2018 2019 2020 2015-2019 Average Northwest 1,455 1,327 1,159 1,159 1,018 1,247 1.9% West Central 1,459 1,078 778 909 922 951 -7.6% Southwest 1,275 917 888 843 978 974 -0.6% North Central 2,052 1,684 1,908 1,777 1,771 1,726 -6.1% Central 2,136 1,698 1,588 1,566 1,600 1,681 -2.1% South Central 1,957 1,790 1,446 1,580 1,646 1,819 8.1% Northeast 3,077 2,785 2,648 2,554 2,730 2,921 5.9% East Central 2,630 2,299 2,494 2,295 2,073 2,387 1.2% Southeast 2,021 2,060 1,732 1,782 1,918 2,011 5.7%

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Kansas Agricultural Land Values and Trends 2020 15 Farmland Uses NORTHWEST REGION Cheyenne Rawlins Decatur Norton 1.9%

NORTHWEST 30.2% Cropland Sherman Thomas Sheridan Graham Pastureland All Other Ag. Uses 67.9%

The Northwest region of Kansas is comprised of Based on the 2017 Census of Agriculture, All Other Ag. Uses includes “Woodland” eight counties with 4,318,789 acres of farmland, and “Other Uses” acreage according to the 2017 Census of Agriculture. Average farm size is 1,534 acres for the 2,815 farms Primary Crops in this region. Farmland is comprised of 67.9% 1,103,100 cropland and 30.2% pasture. Main cash crops in this region include corn, wheat, sorghum, and to a lesser extent, soybeans. Main 670,700 livestock enterprises in this region include beef cattle and swine. Norton County ranks among the top 7 hog and pig producing counties in Kansas.

164,800 68,500

Corn Sorghum Soybeans Wheat Based on NASS reported planted acres in 2020 compiled from Quick Stats

N (by decreasing acreage) AG Grass/Pasture

Corn

Winter Wheat

Fallow/Idle Cropland

Sorghum

Soybeans

Alfalfa

Sun owers

Triticale

Oats

Spring Wheat

Peas

Dbl Crop WinWht/Sorghum

Dry Beans

Dbl Crop WinWht/Corn

Other Hay/Non Alfalfa

AG Developed/Open Space

Woody Wetlands

Developed/Low Intensity

0 6.14 12.29 18.43 Herbaceous Wetlands

miles Open Water

Produced by CropScape - http://nassgeodata.gmu.edu/CropScape * Top 16 agriculture categories / ** Top 6 non-agriculture categories listed Developed/Medium Intensity

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Kansas Agricultural Land Values and Trends 2020 17 Trend in Average Land Value – By Type NORTHWEST REGION

4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2015 2016 2017 2018 2019 2020

Non-irrigated Cropland Irrigated Cropland Pasture/Hay

% Change in 2020 Average Dollars per Acre Dollars per Acre Type 2015 2016 2017 2018 2019 2020 from 2015-2019 Non-irrigated Cropland 2,157 1,937 1,673 1,717 1,751 1,682 -8.9% Irrigated Cropland 3,989 3,321 3,422 4,000 3,728 3,660 -0.9% Pasture/Hay 1,455 1,327 1,159 1,159 1,018 1,247 1.9%

The Northwest region experienced significant declines in non-irrigated cropland values in 2015 and 2016 but has held fairly steady the last four years. In contrast, irrigated cropland has remained fairly flat throughout this time period with slight year to year fluctuations. Pasture and hay ground has been on a steady decline since 2015 but saw a recovery in 2020. As a region, the Northwest had 39,034 agricultural land acres sell in 2020, which is up slightly compared to the average from 2015-2019. Cheyenne and Norton counties had the most sale acres in 2020 whereas Thomas County had very few. Non-irrigated cropland acres made up the majority of agricultural acres sold at 23,800 acres in 2020. Although irrigation is very prevalent in this area, only 3,137 acres of irrigated ground was sold. Native pasture/hay acres of 12,097 were also sold in 2020. A large variation in value exists at the county-level as sales are influenced by local demand. Sheridan and Sherman counties had some of the highest non-irrigated cropland prices, with Graham County significantly lower in value in 2020 than the rest of the region. Irrigated sales were few, with a large range in minimum and maximum values. Pasture/Hay ground also had a wide range in value but averaged $1,247 per acre for the Northwest region.

18 Kansas Agricultural Land Values and Trends 2020 2020 Land Sale Information – By County

Average Annual % Change in 2020 # of Land Tracts Total Acres Sold Acres Sold Acreage Sales from County Sold (2020) (2020) (2015-2019) 2015-2019 Average Cheyenne 48 8,299 3,257 154.8% Decatur 17 4,951 4,406 12.4% Graham 19 3,235 3,626 -10.8% Norton 46 7,605 4,756 59.9% Rawlins 19 3,298 4,833 -31.8% Sheridan 26 5,162 3,763 37.2% Sherman 27 5,928 5,487 8.0% Thomas 3 557 3,957 -85.9% Total 205 39,034 34,083 14.5%

Dryland Crop Irrigated Crop Pasture/Native Tamegrass NORTHWEST REGION Acres Sold Acres Sold Hay Acres Sold Acres Sold Total Acres Sold County (2020) (2020) (2020) (2020) (2020) Cheyenne 5,377 763 2,159 0 8,299 Decatur 3,088 0 1,863 0 4,951 Graham 1,638 0 1,597 0 3,235 Norton 4,182 0 3,424 0 7,605 Rawlins 1,978 144 1,176 0 3,298 Sheridan 2,914 1,209 1,039 0 5,162 Sherman 4,192 896 840 0 5,928 Thomas 432 125 0 0 557 Total 23,800 3,137 12,097 0 39,034

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Kansas Agricultural Land Values and Trends 2020 19 2020 Land Sale Information – By County NORTHWEST REGION

40

35 Non-irrigated 30 Pasture/Hay Irrigated 25

20

15

10 S 5

0 <=500 501-1,000 1,001-1,500 1,501-2,000 2,001-2,500 2,501-3,000 3,001-3,500 3,501-4,000 4,001-4,500 4,501-5,000 >5,000

Non-irrigated Cropland Pasture/Hay Ground County Average Minimum Maximum County Average Minimum Maximum Cheyenne 1,706 788 3,100 Cheyenne 1,193 652 2,562 Decatur 1,380 1,279 2,263 Graham 995 368 1,902 Graham 990 691 1,297 Norton 1,291 1,058 1,600 Norton 1,628 812 3,690 Total 1,247 368 3,779 Rawlins 1,527 719 2,093 Sheridan 2,207 1,745 2,372 Irrigated Cropland Sherman 1,934 999 4,036 County Average Minimum Maximum Total 1,682 691 4,036 Cheyenne 3,119 1,432 4,606 Sheridan 3,934 2,208 4,745 Note: Parcels are classified as non-irrigated, irrigated or pasture/ hay ground if 70% or greater of the parcel acres are of that category. Sherman 3,604 3,060 5,895 County averages, minimums, and maximums are only displayed if Total 3,660 1,432 5,895 greater than four parcels of the listed category sold in that county in 2020. Prices are reported in dollars per parcel acre. Minimum and maximum have not been independently verified and may be subject to special circumstances.

20 Kansas Agricultural Land Values and Trends 2020 Farmland Uses Wallace Logan Gove Trego 1.6%

WEST CENTRAL 29.4% Cropland Greeley Wichita Scott Lane Ness Pastureland All Other Ag. Uses 69.0%

The West Central region of Kansas is comprised Based on the 2017 Census of Agriculture, All Other Ag. Uses includes “Woodland” of nine counties with 4,591,887 acres of farmland, and “Other Uses” acreage according to the 2017 Census of Agriculture. Average farm size is 1,684 acres for the 2,726 farms Primary Crops in this region. Farmland is comprised of 69% crop- land and 29.4% pasture. 808,600 The main cash crop in this region is wheat, with 659,500 significant amounts of corn and sorghum. Main 470,300 livestock enterprises in this region include beef cattle and sheep. Scott County is among the high- est-ranking counties in Kansas for cattle on feed. WEST CENTRAL REGION

Gove County is the top producer of sheep and lambs A in the state.

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Kansas Agricultural Land Values and Trends 2020 21 WEST CENTRAL REGION WEST CENTRAL Building Strong Relationships... Producing Excellence since 1931

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22 Kansas Agricultural Land Values and Trends 2020 Trend in Average Land Value – By Type

4,000 3,500 3,000 2,500 2,000 1,500 1,000 A A 500 0 2015 2016 2017 2018 2019 2020

Non-irrigated Cropland Irrigated Cropland Pasture/Hay

% Change in 2020 Average Dollars per Acre Dollars per Acre Type 2015 2016 2017 2018 2019 2020 from 2015-2019 WEST CENTRAL REGION Non-irrigated Cropland 1,909 1,523 1,254 1,301 1,276 1,357 -6.6% Irrigated Cropland 3,526 2,716 2,294 3,151 2,225 2,819 1.3% Pasture/Hay 1,459 1,078 778 909 922 951 -7.6%

Like the state average, non-irrigated cropland in the West Central region dropped off in 2015 and 2016 but has been holding somewhat steady ever since. Average non-irrigated cropland value in 2020 was down 7% from a historical 5-year average but up $81 per acre from the previous year. Irrigated cropland is more vari- able due to limited sales and has been fluctuating much lower from its peak value in 2015. Pasture and hay ground rebounded from a low in 2017 but is currently selling for nearly 8% less than the historical 5-year average. Overall in the West Central region, the volume of agricultural ground sold in 2020 was up 31.5% from the 5-year historical average. Decreases in the volume of agricultural land sales were seen in Gove, Lane and Greeley counties but all others had significantly more acres sell in 2020 than the 5-year average. Sixty-three percent of all acres sold in this region were non-irrigated cropland, with just 1,647 acres of irrigated cropland sold in 2020 and 14,792 acres of pasture/native hay. Non-irrigated cropland values were highest in Scott County on average, with Ness, Wallace and Greeley counties representing the lowest average values. Sales were limited of irrigated cropland in 2020 so no county values can be reported. Pasture and hay ground averaged $951 per acre in 2020 for the region, with Wallace and Logan counties averaging lower.

Kansas Agricultural Land Values and Trends 2020 23 2020 Land Sale Information – By County WEST CENTRAL REGION WEST CENTRAL

Average Annual % Change in 2020 # of Land Tracts Total Acres Sold Acres Sold Acreage Sales from County Sold (2020) (2020) (2015-2019) 2015-2019 Average Gove 24 4,871 4,984 -2.3% Greeley 15 3,468 6,366 -45.5% Lane 15 2,400 3,057 -21.5% Logan 26 6,424 3,944 62.9% Ness 38 6,150 4,115 49.5% Scott 21 3,923 2,896 35.5% Trego 35 6,342 3,272 93.8% Wallace 17 6,066 1,823 232.8% Wichita 19 4,593 3,181 44.4% Total 210 44,237 33,638 31.5%

Dryland Crop Irrigated Crop Pasture/Native Tamegrass Acres Sold Acres Sold Hay Acres Sold Acres Sold Total Acres Sold County (2020) (2020) (2020) (2020) (2020) Gove 3,344 0 1,528 0 4,871 Greeley 3,030 249 189 0 3,468 Lane 1,620 120 660 0 2,400 Logan 4,177 0 2,247 0 6,424 Ness 4,715 0 1,435 0 6,150 Scott 1,980 433 1,510 0 3,923 Trego 4,450 0 1,891 0 6,342 Wallace 2,381 354 3,331 0 6,066 Wichita 2,101 491 2,000 0 4,593 Total 27,798 1,647 14,792 0 44,237

24 Kansas Agricultural Land Values and Trends 2020 2020 Land Sale Information – By County

60

50 Non-irrigated Pasture/Hay 40 Irrigated

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S 10

0 <=500 501-1,000 1,001-1,500 1,501-2,000 2,001-2,500 2,501-3,000 3,001-3,500 3,501-4,000 4,001-4,500 4,501-5,000 >5,000 A

Non-irrigated Cropland Pasture/Hay Ground County Average Minimum Maximum County Average Minimum Maximum

Gove 1,358 504 2,094 Logan 603 475 709 WEST CENTRAL REGION Greeley 1,170 472 1,513 Wallace 418 300 520 Lane 1,363 608 3,338 Wichita 1,031 588 1,203 Logan 1,308 742 2,390 Total 951 300 1,230 Ness 1,126 394 2,355 Scott 2,202 678 3,453 Note: Parcels are classified as non-irrigated, irrigated or pasture/ hay ground if 70% or greater of the parcel acres are of that category. Trego 1,439 301 2,795 County averages, minimums, and maximums are only displayed if Wallace 1,102 896 1,348 greater than four parcels of the listed category sold in that county in 2020. Prices are reported in dollars per parcel acre. Minimum and Wichita 1,471 1,259 2,155 maximum have not been independently verified and may be subject to Total 1,357 301 3,453 special circumstances.

ANA LONG Certi ed General Appraiser One of the premier extension sites for information on the agricultural economy, www.adastraappraisal.com from Kansas State University. CHATTELS & REAL ESTATE CENTRAL & WESTERN KS danaadastraappraisal.com 620.792.3503 Agricultural Economics

Kansas Agricultural Land Values and Trends 2020 25 VFF Land Management Team, LLC A Fresh Perspective to Farm Management

• Brian Vulgamore • Shallow Water Ag, LLC • Myles Vulgamore • Conditioned Manure Services 1550 W Road 70 Scott City KS 67871 (620)872-5242 www.vffarms.com counties withregards toswineproduction. are andMorton among Grant thetop-ranking also holdalarge percentage ofthestate’s cows. dairy counties inKansas. Gray andHamilton counties on feed,of cattle havingsome ofthetop-ranking region. This region isknownfor large amounts inthis commodity Alfalfa hay isalsoanimportant cropsMain cash inthisregion are wheatandcorn. of76%croplandland iscomprised and22.2%pasture. is 1,470acres inthisregion. the4,741farms for Farm- to the2017CensusofAgriculture. Average size farm counties with6,969,026acres offarmland, according Southwest of14 Kansas iscomprised The region of Produced byCropScape-http://nassgeodata.gmu.edu/CropScape Hamilton Stanton Morton 0 6.49 12.99 19.48 6.49 0 miles Stevens Kearny Grant SOUTHWEST Finney Haskell Seward S Gray Kansas AgriculturalKansas Land Values and Trends 2020 Meade Hodgeman Ford Clark

and “Other Uses” acreageand “Other Based onthe2017Census ofAgriculture, Ag. AllOther Uses includes “Woodland” Based on NASS reported planted acres in2020compiledBased onNASSreported from Stats Quick 888,400 Corn 22.2% * Top16agriculturecategories/**6 non-agriculture categorieslisted Farmland Uses Primary CropsPrimary 1.8% Sorghum 809,500 76.0% Soybeans 53,000 Pastureland Cropland All OtherAg.Uses (by decreasingacreage) AG AG Open Water Herbaceous Wetlands Woody Wetlands Developed/Low Intensity Developed/Open Space Shrubland Barley Other Hay/NonAlfalfa Oats Dbl CropWinWht/Corn Sun owers Dbl CropTriticale/Corn Dbl CropWinWht/Sorghum Cotton Soybeans Triticale Alfalfa Sorghum Corn Winter Wheat Fallow/Idle Cropland Grass/Pasture 1,040,900 Wheat

27 SOUTHWEST REGION (620) 873-2123 203 North Fowler Meade, KS 67864 Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural StockgrowersBank.com 534 S. Main • Box 445 Ulysses, Kansas 67880 622 Main Street Ashland, KS 67831 State Certified FSA Guaranteed Loans | Mobile Banking Land Acquisitions | FSA Guaranteed Dennis Leighty Livestock Loans | Operating Operating Livestock Line | Loans Equipment of Loans | Credit (620) 635-4032 | (800) 772-2265 Cell (620) 353-8072 • [email protected] Office (620) 356-5190 • Fax (620) 356-1527 Ranch * Farm * Minerals * Commercial Progressive Ag Lending Serving Southwest Kansas for 136 Years 136 Years 136 Years 136 Years Kansas for Kansas for Kansas for Kansas for Ag Lending Serving Southwest Ag Lending Serving Southwest Ag Lending Serving Southwest Ag Lending Serving Southwest Progressive Progressive Progressive Progressive Leighty Ag. Appraisal Service, LLC Leighty Ag. Appraisal Service, Member FDIC Member

SOUTHWEST REGION 28 per county so not many county averages can bedisplayed. averages can sonotmany county per county wide range ofvalueswithFord countiesbeingthehighest. andGrant Pasture/hay ground had limitedsales lower values. countiesseeingsome significantly and Morton Likeother regions, cropland irrigated showed a Non-irrigated cropland thehighestaverage soldfor valuesinFord andMeade countieswithGrant, Hamilton made ag. up54%ofall landsoldin2020, cropland irrigated 21%, and native pasture/hay ground 25%. Hamilton, Hodgeman, ofthesales. makingupthemajority KearnyandStevens Non-irrigated cropland sales the2015-2019average withFinney, were land salesintheSouthwest up23.8%in2020from Agricultural than the2015value. notseensince2015.to levels Pasture andhay ground lower hasbeenunsteady initstrend butsignificantly in2020. muchselling lower sincethepeakin2015butdidseerecovery Irrigatedcropland recovered in2020 any otherregion inKansas, influential on thestateaverage. thusbeingvery croplandNon-irrigated hasbeen acresSouthwest hasthehighestamountofagricultural soldper Kansas consistently The regionyear than of Pasture/Hay Irrigated Cropland Non-irrigated Cropland Type CHATTELS &REALESTATE & CENTRAL WESTERN KS 1,000 1,500 2,000 2,500 3,000 500 0 Trends inAverage Land Value –By Type 2015 1,275 2,653 1,471 2015 Non-irrigated Cropland Kansas AgriculturalKansas Land Values and Trends 2020 2016 1,956 1,170 2016 917 Average Acre Dollarsper 2,394 1,116 2017 2017 888 tysonadastraappraisal.com 620.285.9213 Irrigated Cropland 2,316 1,201 2018 843 2018 Certi ed General Appraiser Certi ed www.adastraappraisal.com TSON STEEN 2,116 1,188 2019 978 2,634 1,314 2020 974 2019 Pasture/Hay % Change in2020 from 2015-2019 Dollars per AcreDollars per 15.2% -0.6% 6.9% 2020

29 SOUTHWEST REGION 2,004 5,073 6,738 8,998 7,466 3,651 2,348 2,602 5,771 (2020) 15,302 12,332 11,067 11,681 13,835 108,868 3.1% -2.4% -0.6% 14.5% 57.1% 23.8% 15.0% 77.4% 43.8% 53.2% -27.0% -41.3% -17.9% -27.6% 137.2% Total Acres Sold Acres Total % Change in 2020 % Change Acreage Sales from Sales from Acreage 2015-2019 Average 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2020) Acres Sold Acres Tamegrass Tamegrass 5,042 8,806 3,566 2,406 6,494 4,665 6,585 6,221 6,537 6,258 9,991 6,182 2,768 87,930 12,411 Acres Sold Acres (2015-2019) Average Annual Annual Average 42 378 437 498 390 1,179 3,411 1,219 1,548 1,104 1,759 6,599 3,178 5,645 (2020) 27,387 Hay Acres Sold Acres Hay Pasture/Native Pasture/Native 5,771 2,602 2,348 7,466 3,651 6,738 8,998 5,073 2,004 (2020) 13,835 11,067 11,681 12,332 15,302 108,868 Total Acres Sold Acres Total 0 0 723 755 701 496 706 120 6,721 1,311 2,060 3,210 2,438 3,850 (2020) 23,089 Acres Sold Acres Irrigated Crop Crop Irrigated Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural 40 92 16 16 51 37 53 22 48 58 51 51 28 10 573 Sold (2020) 825 # of Land Tracts Tracts # of Land 5,170 2,544 4,468 5,835 9,818 4,214 4,468 6,065 2,573 1,414 1,399 5,261 4,340 (2020) 58,392 Acres Sold Acres Dryland Crop 2020 Land Sale Information – By County – By Land2020 SaleInformation Stanton Stevens Total Seward Morton Haskell Hodgeman Kearny Meade Grant Gray Hamilton Finney Ford Clark County County Clark Finney Ford Grant Gray Hamilton Haskell Hodgeman Kearny Meade Morton Seward Stanton Stevens Total

SOUTHWEST REGION 30 special circumstances. maximum andmay verified be subjectto have notbeenindependently 2020. Prices are perparcel indollars reported acre. Minimum and in soldinthatcounty greater parcels thanfour ofthelisted category averages,County minimums, andmaximums are displayed only if hay ground if70%orgreater oftheparcel acres are ofthatcategory. Note: Parcels asnon-irrigated, are classified orpasture/ irrigated Clark County Finney Ford Grant Gray Hamilton Haskell Hodgeman Kearny Meade Morton Seward Stanton Stevens Total S 10 20 30 40 50 60 70 80 90 0 <=500 Non-irrigated Cropland 2020 Land Sale Information Sale 2020 Land –By County Average 1,013 1,663 2,085 1,585 1,630 1,369 1,209 1,847 1,047 1,303 1,163 1,314 715 910 903 501-1,000 1,001-1,500 Minimum 1,316 1,000 506 572 313 434 342 687 385 767 400 547 561 511 313 Kansas AgriculturalKansas Land Values and Trends 2020 1,501-2,000 Maximum 1,349 2,272 3,679 1,029 5,703 2,478 1,779 2,302 3,145 3,581 1,535 1,626 3,655 2,548 5,703 2,001-2,500 2,501-3,000 Finney County Gray County Ford Hodgeman Grant Stevens Gray Total Haskell Kearny Stevens Total 3,001-3,500 Pasture/Hay Ground Irrigated Cropland 3,501-4,000 Average Average 2,671 1,082 3,590 1,112 3,521 1,753 2,736 1,862 2,561 2,634 711 974 4,001-4,500 Minimum Minimum Irrigated Pasture/Hay Non-irrigated 1,507 2,184 1,476 528 914 398 859 372 966 645 639 639 4,501-5,000 Maximum Maximum 3,949 1,289 7,309 1,776 4,459 1,027 2,910 3,826 8,829 4,029 4,571 8,829 >5,000

31 SOUTHWEST REGION Wheat 696,700 Sod/Grass Seed Millet Spring Wheat Deciduous Forest Developed/Open Space Developed/Low Intensity Open Water Woody Wetlands Herbaceous Wetlands Grass/Pasture Soybeans Corn Winter Wheat Sorghum Fallow/Idle Cropland Alfalfa Other Hay/Non Alfalfa Dbl Crop WinWht/Soybeans Oats Dbl Crop WinWht/Sorghum Triticale Rye All Other Ag. Uses Cropland Pastureland AG AG L C C (by decreasing acreage) 921,500 Soybeans 61.9% 382,900 Sorghum 3.8% Primary Crops Farmland Uses Farmland * Top 16 agriculture categories / ** Top 6 non-agriculture categories listed 34.4%

Corn

730,000 A Based on NASS reported planted acres in 2020 compiled from Quick Stats from Based on NASS reported in 2020 compiled acres planted Based on the 2017 Census of Agriculture, All Other Ag. Uses includes “Woodland” All Other Ag. of Agriculture, Based on the 2017 Census and “Other acreage Uses” Clay ashington W Cloud Ottawa Republic Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural Jewell Mitchell N C C L N C NORTH CENTRALNORTH Smith Osborne miles 0 5.92 11.84 17.76 Rooks Phillips Produced by CropScape - http://nassgeodata.gmu.edu/CropScape Main cash crops in this region include corn, wheat, wheat, include in this region Main cash corn, crops is also a significant Hay crop and soybeans. sorghum, harvested alfalfa acres with 99,500 in this region in livestock Main acres. 2018 and 133,500 other hay sheep, enterprises include in this region beef cattle, Republic County ranks 2nd in dairy. and swine, County Washington production. sheep and goat and dairy opera- beef cow/calf, ranks high in hog, tions. The North of region The Kansas is comprised Central farmland, of 4,958,320 acres of 11 counties with of Agriculture. to the 2017 Census according farm for size the 5,043 farms in is 983 acres Average - is comprised of 61.9% crop Farmland this region. land and 34.4% pasture.

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33 NORTH CENTRAL REGION

2020 -6.1% -16.0% Dollars per Acre from 2015-2019 from % Change in 2020 % Change 2019 2020 2,037 1,726 Pasture/Hay 2019 2,060 1,771 2018 2018 2,239 1,777 2017 2017 2,530 1,908 Average Dollars per Acre Average Non-irrigated Cropland 2016 2,490 1,684 2016 Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural 2015 2,806 2,052 2015 Trends in Average Land Value – By Type – By Value Land in Average Trends 0 500

3,000 2,500 2,000 1,500 1,000 A A A A Non-irrigated Cropland Non-irrigated Type Pasture/Hay Washington and Republic counties had the highest average non-irrigated cropland values at $28.06 and values non-irrigated cropland the highest average had and Republic counties Washington sales price per acre average counties experienced Osborne and Rooks the lowest respectively. $2,691 per acre, counties. Washington and value was highest in Clay ground and hay Pasture non-irrigated cropland. on average one of the lowest County sellRooks in 2020 but had a significantacres grass had number of native prices per acre. The number of agricultural acres sold in 2020 was near the 5-year average at 35,053 total agricultural acres, at 35,053 total agricultural average acres, 5-year sold in 2020 was near the The number of agriculturalacres SmithWashington and and Ottawa Rooks counties experiencing sales volume. the biggest with Phillips, Fifty-two of the agriculturalregion percent land sold in this counties saw significantly fewer sales in 2020. very and tamegrass had cropland Irrigated few sell. acres grass. and 47% native was non-irrigated cropland The North Central region continues to see low non-irrigated crop ground value in 2020, being 16% below the being 16% below 2020, value in ground non-irrigated crop to see low North continues region The Central years afterrecent off coming in has held steady ground and hay value for pasture average The average. 5-year the peak in 2015.

NORTH CENTRAL REGION 34 Total Washington Smith Rooks Republic Phillips Ottawa Osborne Mitchell Jewell Cloud Jewell Cloud Clay County Osborne Mitchell Smith Rooks Republic Phillips Ottawa Washington Total Clay County CHATTELS &REALESTATE & CENTRAL WESTERN KS 2020 Land Sale Information Sale 2020 Land –By County Dryland Crop Dryland Acres Sold 18,220 (2020) 1,163 1,688 2,571 1,620 1,434 1,612 1,421 1,626 1,756 1,524 1,805 # of Land # ofLand Tracts Sold (2020) Sold 234 17 19 25 19 16 21 27 18 24 25 23 Kansas AgriculturalKansas Land Values and Trends 2020 Irrigated Crop Acres Sold (2020) 208 208 0 0 0 0 0 0 0 0 0 0 Total Acres Sold 35,053 (2020) 2,401 2,480 2,998 3,297 2,481 3,011 4,718 2,487 3,922 4,309 2,950 Pasture/Native Hay Acres Sold danaadastraappraisal.com 620.792.3503 16,307 (2020) 1,740 1,279 2,147 2,488 2,670 1,875 1,090 624 855 646 894 Certi ed General Appraiser Certi ed www.adastraappraisal.com Average Annual (2015-2019) Acres Sold ANA LONG 36,503 2,516 1,577 1,625 3,510 2,389 5,777 4,517 2,263 3,459 3,536 5,334 Tamegrass Acres Sold (2020) 317 104 47 43 35 26 62 0 0 0 0 0 2015-2019 Average Acreage from Sales % Change in2020 Total Acres Sold -47.9% -44.7% 57.3% 84.5% 13.4% 21.9% -4.5% -6.1% -4.0% 3.8% 4.4% 9.9% 35,053 (2020) 2,950 3,011 4,718 2,487 3,922 4,309 3,297 2,481 2,401 2,480 2,998

35 NORTH CENTRAL REGION >5,000 2,451 2,466 2,721 2,484 1,428 2,852 2,852 Maximum 4,501-5,000 824 602 602 1,700 1,000 1,122 1,081 Non-irrigated Non-irrigated Pasture/Hay Irrigated Minimum 4,001-4,500 2,158 1,286 1,810 1,476 1,072 2,282 1,726 Average 3,501-4,000 Pasture/Hay Ground Pasture/Hay 3,001-3,500 County Clay Osborne Ottawa Phillips Rooks Washington Total Note: Parcels are classified as non-irrigated, irrigated or pasture/ classified are as non-irrigated, Parcels Note: of that category. are acres of the parcel if 70% or greater ground hay if only displayed are and maximums minimums, County averages, of the listed category than four parcels greater sold in that county in and Minimum acre. reported in dollars per parcel are Prices 2020. not been independently have be subject to verified and may maximum special circumstances. 2,501-3,000 A 2,001-2,500 3,214 3,666 3,165 2,946 1,636 3,558 4,432 4,223 1,188 3,103 4,764 4,764 Maximum 1,501-2,000 Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural 656 881 902 595 620 595 1,248 1,348 1,686 1,167 1,008 1,684 Minimum 1,001-1,500 992 501-1,000 2,294 1,951 2,383 1,885 1,146 2,405 1,723 2,691 2,257 2,806 2,037 Average 2020 Land Sale Information – By County – By Land2020 SaleInformation Non-irrigated Cropland Non-irrigated <=500

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25 20 15 10 Clay County Cloud Jewell Mitchell Osborne Ottawa Phillips Republic Rooks Smith Washington Total

NORTH CENTRAL REGION 36 sheep andgoats. andeggproduction and3rd in 5thinpoultry ranks andeggproduction.poultry County McPherson swine. for inKansas isthetopcounty RiceCounty beefcattle,in thisregion include poultry, sheep, and 188,000 otherhay acres. enterprises Mainlivestock in2018withanadditional 125,300 acres harvested hay production inthis isalsosignificant region with Most cropland inthisregion isnon-irrigated. Alfalfa amountsof corn,significant soybeans, andsorghum. cash cropThe main inthis region iswheat, with of64.6%croplandland iscomprised and32%pasture. to the2017CensusofAgriculture. Average size farm counties with5,241,757acres offarmland, according of11 The Central Kansas iscomprised region of is 763acres inthisregion. the6,873farms for Farm- Produced byCropScape-http://nassgeodata.gmu.edu/CropScape Rush Ellis 0 6.97 13.95 20.92 6.97 0 miles Russell Barton CENTRAL Ellsworth Lincoln Rice CCL Kansas AgriculturalKansas Land Values and Trends 2020 McPherson Saline Dickinson Marion

and “Other Uses” acreageand “Other Based onthe2017Census ofAgriculture, Ag. AllOther Uses includes “Woodland” Based on NASS reported planted acres in2020compiledBased onNASSreported from Stats Quick A 231,400 Corn 32.0% * Top16agriculturecategories/**6 non-agriculture categorieslisted Farmland Uses Primary CropsPrimary 3.4% Sorghum 536,400 64.6% Soybeans 583,600 (by decreasingacreage) L CC Pastureland Cropland All OtherAg.Uses AG AG Developed/Medium Intensity Herbaceous Wetlands Open Water Developed/Low Intensity Developed/Open Space Deciduous Forest Millet Cotton Sun owers Rye Triticale Dbl CropWinWht/Sorghum Oats Other Hay/NonAlfalfa Dbl CropWinWht/Soybeans Alfalfa Fallow/Idle Cropland Corn Soybeans Sorghum Winter Wheat Grass/Pasture 1,212,900 Wheat

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39 CENTRAL REGION 2,855 1,607 6,215 2,147 4,913 3,631 2,351 4,757 4,171 2,194 3,041 (2020) 37,882 4.2% 5.3% 41.5% 25.2% 58.6% 48.9% 32.8% -23.2% -35.7% -33.6% -52.4% -11.6% Total Acres Sold Acres Total % Change in 2020 % Change Acreage Sales from Sales from Acreage 2015-2019 Average 0 0 0 0 0 0 96 37 36 179 123 471 (2020) Acres Sold Acres Tamegrass Tamegrass 2,149 3,799 2,630 2,856 3,300 3,446 3,656 4,680 3,234 3,375 3,229 36,352 Acres Sold Acres (2015-2019) Average Annual Annual Average 425 560 849 3,449 1,207 2,306 1,220 1,620 1,095 1,148 1,401 (2020) 15,279 Hay Acres Sold Acres Hay Pasture/Native Pasture/Native 3,041 4,757 4,171 2,194 4,913 3,631 2,351 6,215 2,147 1,607 2,855 (2020) 37,882 Total Acres Sold Acres Total 0 0 0 0 0 0 0 0 0 93 195 289 (2020) Acres Sold Acres Irrigated Crop Crop Irrigated Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural 25 30 25 15 28 30 25 36 12 14 23 263 Sold (2020) 940 # of Land Tracts Tracts # of Land 2,235 1,048 2,766 2,511 2,232 1,465 3,015 2,983 1,046 1,604 (2020) 21,844 Acres Sold Acres Dryland Crop 2020 Land Sale Information – By County – By Land2020 SaleInformation Saline Total Rice Rush Russell Lincoln Marion McPherson Ellis Ellsworth Dickinson County Barton County Barton Dickinson Ellis Ellsworth Lincoln Marion McPherson Rice Rush Russell Saline Total

CENTRAL REGION 40 Real Estate Sales • Auctions • Farm Sales • Auctions Real • Estate and Ranch Management • Appraisals most comprehensive tool kit when it comes to selling! to whenitcomes kit tool comprehensive most Oil and Gas Management • Forest Resource Management • Resource Oil and Gas Management • Forest Stockton, KS67669 408 NorthHwy.183 America’s Landowners since 1929 and we have the the have 1929andwe since America’s Landowners • • • [email protected] is ready to assist with all of your land auction needs. auction land your of all with assist to ready is Online Virtual AuctionsOnline Virtual Traditional Live Auctions EstateReal Listings 1-800-346-2650 •[email protected] Rooks, Phillips,&Salinecounties Farmers National Company has been serving beenserving has Company National Farmers Terry OdleFarms Our National Team Auction www.FarmersNational.com Terry W.Odle • • • OR PURCHASE? REAL ESTATE SALE A PLANNING AND MORE! For By Sale BidAuctions Simulcast Auctions National Hunting Leases • FNC Ag Stock National Hunting Leases • FNC Ag Kansas AgriculturalKansas Land Values and Trends 2020 (785) 452-5804 Insurance • Consultation • Consultation Insurance

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41 CENTRAL REGION >5,000 3,795 3,646 2,766 2,002 2,304 3,795 Maximum 4,501-5,000 750 915 750 1,148 1,482 1,617 Non-irrigated Non-irrigated Pasture/Hay Irrigated Minimum 4,001-4,500 1,719 1,531 1,860 1,899 1,918 1,681 Average 3,501-4,000 Pasture/Hay Ground Pasture/Hay 3,001-3,500 County Ellis Lincoln Marion McPherson Saline Total Note: Parcels are classified as non-irrigated, irrigated or pasture/ classified are as non-irrigated, Parcels Note: of that category. are acres of the parcel if 70% or greater ground hay if only displayed are and maximums minimums, County averages, category of the listed than four parcels greater sold in that county in and Minimum acre. reported in dollars per parcel are Prices 2020. not been independently have be subject to verified and may maximum special circumstances. 2,501-3,000 A 2,001-2,500 5,040 5,698 3,175 2,707 3,030 1,872 3,804 1,323 2,484 4,831 4,500 5,698 Maximum 1,501-2,000 Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural 971 747 959 688 688 1,823 1,435 1,038 1,378 1,139 1,233 1,302 Minimum 1,001-1,500 501-1,000 2,048 3,038 2,209 1,835 1,984 1,278 2,211 1,259 1,670 2,407 2,778 2,091 Average 2020 Land Sale Information – By County – By Land2020 SaleInformation Non-irrigated Cropland Non-irrigated <=500

5 0

40 35 30 25 20 15 10 McPherson Barton County Dickinson Rice Ellis Rush Ellsworth Russell Lincoln Saline Marion Total

CENTRAL REGION 42 include beefcattle,include dairy, poultry, andsheep. crops.cash inthisregion enterprises Mainlivestock alsobecomingcotton more andcanola popular production inthis isalsosignificant region, with 1.8million acres plantedin2020.nearly Hay cash cropThe main inthis region iswheat, with land and28.5%pasture. this region. Farmland of69.1%crop iscomprised - Average is812acres in the8,310farms size for farm of 13countieswith6,746,527acres offarmland. South Central Kansas iscomprised region of The Produced byCropScape-http://nassgeodata.gmu.edu/CropScape Comanche Edwards Kiowa Pawnee 61 12.3518.53 6.18 0 miles Pratt Sta SOUTH CENTRAL Barber ord SCCL Kingman Harper Reno Kansas AgriculturalKansas Land Values and Trends 2020 Sumner Sedgwick Harvey and “Other Uses” acreageand “Other Based onthe2017Census ofAgriculture, Ag. AllOther Uses includes “Woodland” Based on NASS reported planted acres in2020compiledBased onNASSreported from Stats Quick A 535,300 Corn 28.5% * Top16agriculturecategories/**6non-agriculture categorieslisted Farmland Uses Primary CropsPrimary 2.5% Sorghum 354,100 69.1% Soybeans 634,800 (by decreasingacreage) L CC AG AG Pastureland Cropland All OtherAg.Uses Developed/Medium Intensity Woody Wetlands Open Water Developed/Low Intensity Deciduous Forest Developed/Open Space Millet Herbs Oats Other Hay/NonAlfalfa Triticale Dbl CropWinWht/Sorghum Rye Cotton Alfalfa Dbl CropWinWht/Soybeans Fallow/Idle Cropland Sorghum Soybeans Corn Winter Wheat Grass/Pasture 1,788,600 Wheat

43 SOUTH CENTRAL REGION Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural

SOUTH CENTRAL REGION 44 $1,390 inComanche County. croplandrigated value. Pasture/hay $2,111peracre to inRenoCounty ground average valuesrangedfrom development.potential ofurban Mostoftheothercountiesinthisregion were more consistent innon-ir- cropland, highaverage non-irrigated sawan extremely for County Sedgwick duetoinfluenceoffuture likely amountoftamegrass. small cropland andavery percent ofacres soldin2020 were cropland, non-irrigated 30%native grass, andtheremainder beingirrigated average. The highest volume ofsalesoccurred inComanche, Kiowa, Sumner counties. and Pratt Fifty-nine the2015-2019 region Central landsalesvolume wasdown inthe South 12.5%from agricultural Overall 2020. average a2017low; in being8%above its5-yearhay actually historical ground alsocontinues torecover from alow seenin2017,to recover from ofaglandinthisdistrict. portion butsales are asmall only Pasture and steady inrecent years, totheprevious 5-year average in2020. close beingvery Irrigatedcropland continues hasbeenholding but overall hasseensome variability Kansas Non-irrigated Central cropland valueinSouth Pasture/Hay Irrigated Cropland Non-irrigated Cropland Type A A 1,000 2,000 3,000 4,000 5,000 6,000 0 Trends inAverage Land Value –By Type 2015 1,957 4,940 2,535 2015 Non-irrigated Cropland Kansas AgriculturalKansas Land Values and Trends 2020 2016 1,790 4,897 1,883 2016 Average Acre Dollarsper 1,446 3,402 1,760 2017 2017 Irrigated Cropland 1,580 3,592 1,928 2018 2018 1,646 3,738 1,865 2019 1,819 4,182 2,002 2020 2019 Pasture/Hay % Change in2020 from 2015-2019 Dollars per AcreDollars per 8.1% 1.7% 0.4% 2020

45 SOUTH CENTRAL REGION 3,045 5,557 4,152 2,896 2,848 4,080 4,886 2,759 4,874 4,143 2,319 3,705 4,536 (2020) 49,798 0.7% -9.7% -7.9% 48.4% 30.3% 95.9% 26.4% 66.7% -12.5% -36.4% -30.3% -30.7% -14.3% -68.7% Total Acres Sold Acres Total % Change in 2020 % Change Acreage Sales from Sales from Acreage 2015-2019 Average 0 0 0 0 0 0 0 0 8 41 17 202 144 413 (2020) Acres Sold Acres Tamegrass Tamegrass 7,126 1,562 4,105 3,742 5,942 3,979 2,876 1,454 3,227 5,303 3,335 4,847 9,729 56,915 Acres Sold Acres (2015-2019) Average Annual Annual Average 801 917 780 268 337 423 397 1,337 3,729 1,647 1,946 1,064 1,330 (2020) 14,976 Hay Acres Sold Acres Hay Pasture/Native Pasture/Native 4,536 2,319 3,705 4,874 4,143 2,759 2,896 2,848 4,080 4,886 5,557 4,152 3,045 (2020) 49,798 Total Acres Sold Acres Total 0 0 0 0 0 283 286 491 279 127 826 1,091 1,730 5,112 (2020) Acres Sold Acres Irrigated Crop Crop Irrigated Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural 34 22 26 31 36 18 20 21 30 30 29 26 18 341 Sold (2020) # of Land Tracts Tracts # of Land 1,709 1,829 2,260 1,979 1,743 2,147 2,449 2,491 2,806 2,793 1,752 2,280 3,061 (2020) 29,297 Acres Sold Acres Dryland Crop 2020 Land Sale Information – By County – By Land2020 SaleInformation Total Sumner Sedgwick Stafford Pratt Reno Pawnee Harper Harvey Kingman Kiowa County Barber Comanche Edwards County Barber Comanche Edwards Harper Harvey Kingman Kiowa Pawnee Pratt Reno Sedgwick Stafford Sumner Total

SOUTH CENTRAL REGION 46 CHATTELS &REALESTATE & CENTRAL WESTERN KS tysonadastraappraisal.com 620.285.9213 Certi ed General Appraiser Certi ed www.adastraappraisal.com TON TEEN Kansas AgriculturalKansas Land Values and Trends 2020 CHATTELS &REALESTATE & CENTRAL WESTERN KS danaadastraappraisal.com 620.792.3503 Certi ed General Appraiser Certi ed www.adastraappraisal.com ANA LONG

47 SOUTH CENTRAL REGION >5,000 2,659 2,420 3,979 2,599 2,790 1,729 5,700 8,867 5,187 7,564 8,867 7,344 Maximum Maximum 4,501-5,000 850 650 666 650 1,047 1,429 1,003 2,578 3,308 3,471 2,578 3,584 Non-irrigated Non-irrigated Pasture/Hay Irrigated Minimum Minimum 4,001-4,500 1,830 1,390 1,810 1,470 2,111 1,527 1,819 4,182 3,810 4,036 4,888 4,326 Average Average 3,501-4,000 Irrigated Cropland Irrigated Pasture/Hay Ground Pasture/Hay 3,001-3,500 Total Stafford Pratt Harvey County Barber County Edwards Comanche Kingman Kiowa Reno Sumner Total 2,501-3,000 A 2,001-2,500 2,200 5,171 1,871 4,370 2,055 1,504 3,245 2,309 3,927 6,836 1,850 4,826 6,836 Maximum 1,501-2,000 Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural 320 848 901 404 814 899 720 483 597 570 320 2,519 1,126 Minimum 1,001-1,500 501-1,000 1,317 2,021 1,195 2,810 1,718 1,426 1,443 1,725 1,955 3,777 1,629 2,254 2,002 Average 2020 Land Sale Information – By County – By Land2020 SaleInformation Non-irrigated Cropland Non-irrigated <=500

5 0

45 40 35 30 25 20 15 10 S S Barber County Edwards Harper Harvey Kingman Kiowa Pawnee Pratt Reno Sedgwick Stafford Sumner Total Note: Parcels are classified as non-irrigated, irrigated or pasture/ classified are as non-irrigated, Parcels Note: of that category. are acres of the parcel if 70% or greater ground hay if only displayed are and maximums minimums, County averages, of the listed category than four parcels greater sold in that county in and Minimum acre. reported in dollars per parcel are Prices 2020. not been independently have be subject to verified and may maximum special circumstances.

SOUTH CENTRAL REGION 48

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counties withregards tobeefcow numbers. Pottawatomie isone ofthehighest-ranking County operations. highinswinenumbersanddairy ranks andeggs. poultry the statefor also Nemaha County and chickens. Pottawatomie 4thin ranks County beefcattle, inthisregionprises include dairy, swine, in thisregion are irrigated. enter - Mainlivestock amountsofwheat.soybeans withsmaller Few acres Cash crops inthisregion are dominated by and corn 27.9% pasture. Farmland of63.5%cropland iscomprised and is391acres inthisregion. the7,779farms size for to the2017CensusofAgriculture. Average farm counties with3,042,533acres offarmland, according of11 The Kansas iscomprised regionNortheast of Riley Produced byCropScape-http://nassgeodata.gmu.edu/CropScape 59 11.8317.75 5.92 0 Marshall Pottawatomie miles NORTHEAST Nemaha Jackson N Brown Je erson Kansas AgriculturalKansas Land Values and Trends 2020 Atchison Doniphan

Leavenworth W yandotte and “Other Uses” acreageand “Other Based onthe2017Census ofAgriculture, Ag. AllOther Uses includes “Woodland” Based on NASS reported planted acres in2020compiledBased onNASSreported from Stats Quick A 589,200 Corn 27.9% * Top16agriculturecategories/**6non-agriculture categorieslisted Farmland Uses Primary CropsPrimary 8.5% Sorghum 2,500 63.5% Soybeans 762,600 (by decreasingacreage) AG AG Pastureland Cropland All OtherAg.Uses Mixed Forest Developed/Medium Intensity Open Water Developed/Low Intensity Developed/Open Space Deciduous Forest Other Crops Cotton Sod/Grass Seed Clover/Wildflowers Rye Dbl CropWinWht/Sorghum Dbl CropWinWht/Soybeans Oats Fallow/Idle Cropland Sorghum Winter Wheat Alfalfa Other Hay/NonAlfalfa Corn Soybeans Grass/Pasture Wheat 22,000

51 NORTHEAST REGION SHINN APPRAISALS LLC shinnappraisals.com Aaron M. Shinn Aaron 785.294.1014 [email protected]

Ray J. Shinn Ray 785.294.1514 [email protected] Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural agriculture. We understand understand We SHINN APPRAISALS LLC www.mybankusb.com McLouth • Oskaloosa McLouth • Oskaloosa Everest • Atchison • Horton • Atchison Everest Relationship driven. Relationship CERTIFIED GENERAL CERTIFIED APPRAISERS WITH OVER 30 YEARS OF EXPERIENCE PROUDLY SERVING NORTHEAST KANSAS KANSAS NORTHEAST SERVING PROUDLY NEBRASKA & SOUTHEAST Specializing in agricultural, rural rural in agricultural, Specializing appraisals. and commercial residential

NORTHEAST REGION 52 average valueof$2,921peracre. an averageenough salestoreport inmany counties, consistent across theregion wasfairly atan butoverall Jefferson countieshavingthelowest (butwith limitedsalespercounty). Pasture andhay ground didnothave Doniphan landvalues highernon-irrigated on average, andBrown counties had significantly and withRiley grass; native prairie. mostly in 2020. halfoftheacreage Roughly soldinthisregion cropland isnon-irrigated withtheotherhalfbeing 5-year average. isjustover thehistorical 2020 which sales few countieshad very Doniphan andLeavenworth acreageAgricultural soldinthisregion relative issmall tootherregions of thestate, 21,871acres selling in average. thehistorical from 5-year average. Pasture andhay ground sawanincrease in2020, itspeakin2016andbeingup5.9% nearing of thestate. Values have beenholdingsteadier aswell, on average, theprevious from withjusta0.4%decline had cropland thanthe highernon-irrigated much prices rest The Kansas hashistorically regionNortheast of Pasture/Hay Non-irrigated Cropland Type A A 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 500 0 Trends inAverage Land Value –By Type 2015 3,077 4,581 2015 Kansas AgriculturalKansas Land Values and Trends 2020 2016 2,785 4,130 2016 Non-irrigated Cropland Average Acre Dollarsper 2,648 4,060 2017 2017 2,554 4,096 2018 2018 2,730 3,978 2019 Pasture/Hay 2,921 4,154 2020 2019 % Change in2020 from 2015-2019 Dollars per AcreDollars per -0.4% 5.9% 2020

53 NORTHEAST REGION 900 447 2,143 2,023 2,695 2,547 2,398 2,844 3,218 2,655 (2020) 21,871 4.1% 1.4% -5.7% 24.4% 36.5% 92.3% 20.3% -14.8% -17.2% -50.6% -15.1% Total Acres Sold Acres Total % Change in 2020 % Change Acreage Sales from Sales from Acreage 2015-2019 Average 785-539-0373 l 0 75 59 71 362 120 137 733 106 568 2,230 (2020) Acres Sold Acres Tamegrass Tamegrass Producing Excellence Producing 906 888 2,587 1,946 3,337 2,896 1,324 3,176 1,782 2,146 21,002 Building Strong Relationships... Relationships... Building Strong Acres Sold Acres (2015-2019) AgManager.info/kfma Average Annual Annual Average Manhattan, KS 66506 Place 1603 Old Claflin Hall, Waters 303 Kansas Farm Management Association Management Kansas Farm 18 25 411 802 122 770 303 1,341 2,759 1,630 8,180 (2020) Hay Acres Sold Acres Hay Pasture/Native Pasture/Native 447 900 3,218 2,655 2,844 2,398 2,547 2,695 2,143 2,023 (2020) 21,871 Total Acres Sold Acres Total 0 0 0 0 0 0 0 0 72 157 230 (2020) Acres Sold Acres Irrigated Crop Crop Irrigated Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural 5 8 19 21 20 22 24 22 19 15 175 Sold (2020) 755 267 389 # of Land Tracts Tracts # of Land 1,213 1,858 1,218 1,012 1,522 1,973 1,026 (2020) 11,231 Acres Sold Acres Dryland Crop 2020 Land Sale Information – By County – By Land2020 SaleInformation Pottawatomie Riley Total Nemaha Marshall Jefferson Leavenworth Doniphan Jackson Atchison County Brown County Atchison Brown Doniphan Jackson Jefferson Leavenworth Marshall Nemaha Pottawatomie Riley Total

NORTHEAST REGION 54 than daylightbreakingonlandyoucancallyourown. GREATER SIGHT our ownfieldsandcaringforgenerationsoffamily land. We knowthevalueofafamilyfarmandhow to bringvalueyourtransaction. Letusputour Heck Land’s agentsbring50+yearsofworking THERE’S NO Buy |SellAuction1031Transaction 3 200 LAWRENCE, KAN experience toworkforyou. HASKELL HECKLANDCO.COM S 785-865-6266 ERVICES: w i

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55 NORTHEAST REGION >5,000 3,699 3,611 4,497 3,199 5,285 5,285 Maximum 4,501-5,000 633 633 2,988 1,180 1,685 1,770 Non-irrigated Non-irrigated Pasture/Hay Irrigated Minimum Agricultural Economics Agricultural 4,001-4,500 from Kansas University. from State 3,241 2,437 2,737 2,529 3,243 2,921 Average One of the premier extension sites for for extension sites One of the premier 3,501-4,000 information on the agricultural economy, economy, on the agricultural information Pasture/Hay Ground Pasture/Hay 3,001-3,500 County Atchison Jackson Jefferson Pottawatomie Riley Total Note: Parcels are classified as non-irrigated, irrigated or pasture/ classified are as non-irrigated, Parcels Note: of that category. are acres of the parcel if 70% or greater ground hay if only displayed are and maximums minimums, County averages, category of the listed than four parcels greater sold in that county in and Minimum acre. reported in dollars per parcel are Prices 2020. not been independently have be subject to verified and may maximum special circumstances. 2,501-3,000 TM A d 2,001-2,500 4,959 8,507 5,343 3,717 4,928 6,375 3,038 10,028 10,028 Maximum an 1,501-2,000 L Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural 2,560 2,899 3,418 2,658 1,136 1,272 1,357 1,194 1,136 The Minimum 1,001-1,500 SELLS

3,762 6,500 6,444 3,291 2,816 3,363 4,236 2,526 4,154 501-1,000 Average [email protected] : (785) 341-1630 (785) : 2020 Land Sale Information – By County – By Land2020 SaleInformation SETH STONE SETH CELL EMAIL SALESPERSON LICENSED IN KS & NE LICENSED IN KS SALESPERSON Non-irrigated Cropland Non-irrigated <=500 rand That

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NORTHEAST REGION 56 cattle, poultry, andgoats. beef inthisregion include enterprises Main livestock in2018.with more than447,300acres harvested gated. inthisregion Hay isalsoa majorcommodity sorghum. Mostcropland inthisregion- isnon-irri amountsofwheatand and soybeans withsmaller Cash crops inthisregion are dominated by corn cropland and41.3%pasture. in thisregion. Farmland of51.2% iscomprised Average is430acres the10,431farms size for farm according tothe2017Census ofAgriculture. of 14countieswith4,488,974acres offarmland, The EastCentral Kansas iscomprised region of Produced byCropScape-http://nassgeodata.gmu.edu/CropScape Geary Morris Chase 0 5.92 11.84 17.76 5.92 0 miles W abaunsee EAST CENTRAL L yon ECCL Shawnee Co Osage ey Kansas AgriculturalKansas Land Values and Trends 2020 Anderson Franklin Douglas Johnson Miami Linn and “Other Uses” acreageand “Other Based onthe2017Census ofAgriculture, Ag. AllOther Uses includes “Woodland” Based on NASS reported planted acres in2020compiledBased onNASSreported from Stats Quick A 357,700 41.3% Corn * Top16agriculturecategories/**6non-agriculture categorieslisted Farmland Uses 7.5% Primary CropsPrimary Sorghum 13,000 51.2% Soybeans 746,400 (by decreasingacreage) L CC AG AG Pastureland Cropland All OtherAg.Uses Mixed Forest Developed/Medium Intensity Open Water Developed/Low Intensity Developed/Open Space Deciduous Forest Dbl CropWinWht/Corn Triticale Dbl CropWinWht/Sorghum Fallow/Idle Cropland Rye Clover/Wildflowers Oats Sod/Grass Seed Alfalfa Sorghum Dbl CropWinWht/Soybeans Winter Wheat Other Hay/NonAlfalfa Corn Soybeans Grass/Pasture Wheat 63,000

57 EAST CENTRAL REGION Land brokers for Agriculture, Recreation, Land brokers for Agriculture, Recreation, Rural Residential, and Development Properties. Rural Residential, and Development hunters, Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural OND Y Porter Cattle Co Porter Rich 3309 West 7th Reading, KS 66868 785-865-6266 E SERVICES: ECKLANDCO.COM H B AWRENCE, KANSAS 66046 L 3200 HASKELL LANE, SUITE 130 IMITED UNL Buy | Sell | Auction | 1031 Transaction service, the best deal, and the best outcome. and the best deal, service, Heck Land’s team members are farmers, team members are farmers, Heck Land’s work together as a team to ensure you get the best work together as a team investors, entrepreneurs and land owners. Our agents and land owners. entrepreneurs investors, THE CITY LIMITS THE CITY

EAST CENTRAL REGION 58 which is likely due to limited non-irrigated salesinthisregion. duetolimitednon-irrigated islikely which notingthatsome countiesshowIt isworth ahigherpasture/hay ground cropland, valuethannon-irrigated higheraverage valuesin ground sawsignificantly Shawnee countiesthanothersinthe region. and Franklin counties thatdid, to$3,287inFranklin $2,216inOsage County County. averages ranged from Pasture/Hay Few countiesinthisregion cropland. had anaverage non-irrigated enoughsalestoreport valuefor For the 2020, native made saleacres grass up64%ofall saleacres. accounted 72%ofall andtotalgrassland for Miami counties. Unlikeotherregions, ofacres region soldintheEastCentral themajority are grassland. In Wabaunsee ofacres acres soldin2020withfew soldinDouglas, countiesmade upthemajority Franklin, and theprevious 5-year average. land saleswereAgricultural down 4%in2020from Coffey, Osage, and steady, theprevious 5-year average. withthe2020valuebeing1%upfrom equaltotheprevious 5-year average.showing nearly Overall, pasture andhay ground hasremained fairly The EastCentral region hasseenalotoffluctuation in average non-irrigated cropland valuewith2020 Pasture/Hay Non-irrigated Cropland Type A A 1,000 1,500 2,000 2,500 3,000 500 0 Trends inAverage Land Value –By Type 2015 2,630 2,745 2015 Kansas AgriculturalKansas Land Values and Trends 2020 2016 2,299 2,559 2016 Non-irrigated Cropland Average Acre Dollarsper 2,494 2,591 2017 2017 2,295 2,791 2018 2018 2,073 2,393 2019 Pasture/Hay 2,387 2,623 2020 2019 % Change in2020 from 2015-2019 Dollars per AcreDollars per 1.2% 0.3% 2020

59 EAST CENTRAL REGION 997 2,685 1,741 4,059 1,225 3,794 3,728 2,778 1,133 1,506 4,143 1,937 4,435 (2020) 34,160 -4.0% 23.0% 42.3% 16.8% 70.3% 62.0% 16.2% 48.7% -24.5% -51.7% -64.7% -24.0% -56.1% -21.9% Total Acres Sold Acres Total % Change in 2020 % Change Acreage Sales from Sales from Acreage 2015-2019 Average 0 85 94 57 97 141 110 139 620 691 292 167 183 2,676 (2020) Acres Sold Acres Tamegrass Tamegrass 1,574 3,117 1,290 5,491 2,229 2,302 2,390 2,343 3,468 2,730 1,311 3,968 3,438 35,593 Acres Sold Acres (2015-2019) Average Annual Annual Average 58 457 535 955 1,240 1,741 2,538 3,115 1,931 2,232 2,541 1,137 3,304 (2020) 21,784 Hay Acres Sold Acres Hay Pasture/Native Pasture/Native 997 1,937 4,435 1,506 4,143 3,794 3,728 2,778 1,133 1,225 4,059 1,741 2,685 (2020) 34,160 Total Acres Sold Acres Total 0 0 0 0 0 0 0 7 0 0 22 30 91 150 (2020) Acres Sold Acres Irrigated Crop Crop Irrigated Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural 8 6 16 30 11 37 22 35 23 12 13 32 21 266 Sold (2020) 0 401 605 564 489 376 454 542 949 # of Land Tracts Tracts # of Land 1,304 1,411 1,177 1,280 9,551 (2020) Acres Sold Acres Dryland Crop 2020 Land Sale Information – By County – By Land2020 SaleInformation Shawnee Wabaunsee Total Morris Osage Geary Linn Lyon Miami Franklin Coffey Douglas Chase County Anderson County Anderson Chase Coffey Douglas Franklin Geary Linn Lyon Miami Morris Osage Shawnee Wabaunsee Total

EAST CENTRAL REGION 60 special circumstances. maximum andmay verified besubjectto have notbeenindependently 2020. Prices are perparcel indollars reported acre. Minimum and in soldin thatcounty greater parcels thanfour ofthelistedcategory averages,County minimums, andmaximums are displayed only if hay ground if70%orgreater oftheparcel acres are ofthatcategory. Note: Parcels asnon-irrigated, are classified orpasture/ irrigated Total Osage Linn Franklin Coffey Anderson County S 10 15 20 25 30 35 40 45 0 5 <=500 Non-irrigated Cropland 2020 Land Sale Information Sale 2020 Land –By County Average 2,623 2,216 2,490 3,287 2,362 2,349 501-1,000 1,001-1,500 Minimum 1,047 2,992 2,012 1,182 355 355 Kansas AgriculturalKansas Land Values and Trends 2020 1,501-2,000 Maximum 6,000 2,876 3,169 3,919 4,767 3,385 2,001-2,500 A 2,501-3,000 Total Wabaunsee Shawnee Osage Morris Lyon Linn Geary Franklin Coffey Chase Anderson County 3,001-3,500 Pasture/Hay Ground 3,501-4,000 Average 2,387 1,892 3,074 2,432 2,288 2,004 2,573 1,721 3,050 1,889 1,989 2,186 4,001-4,500 Minimum Irrigated Pasture/Hay Non-irrigated 1,350 2,076 1,062 1,670 1,130 1,045 2,466 1,760 1,613 928 997 928 4,501-5,000 Maximum 6,002 2,674 5,115 4,769 2,852 3,508 4,489 2,754 3,388 3,263 2,385 3,000 >5,000

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16603 sas for beefcowsas for numbers. There are alsolarge amounts counties inthisregion among rank thehighestinKan- enterprise. isthemainlivestock cattle ofthe14 Six of alarge amountofpasture acres, beef soconsequently 2018. Farmland region intheSoutheast iscomprised region in withmore than452,900acres harvested and wheat. Hay production tothis isalsoimportant cash cropsThe main inthis region are soybeans, corn and 49%pasture. region. Farmland of44.1%cropland iscomprised is548acres inthis the9,851farms size for farm counties with5,401,506acres offarmland. Average Southeast of14 Kansas iscomprised regionThe of of stocker cattle grazed during thesummer months. during grazed cattle of stocker Produced byCropScape-http://nassgeodata.gmu.edu/CropScape Cowley Butler 65 12.9919.49 6.50 0 miles Chautauqua Greenwood Elk SOUTHEAST S Montgomery W Wilson oodson Kansas AgriculturalKansas Land Values and Trends 2020 Labette Neosho Allen Cherokee Crawford Bourbon

and “Other Uses” acreageand “Other Based onthe2017Census ofAgriculture, Ag. AllOther Uses includes “Woodland” Based on NASS reported planted acres in2020compiledBased onNASSreported from Stats Quick A 409,500 Corn 49.0% * Top16agriculturecategories/**6non-agriculture categorieslisted Farmland Uses 6.9% Primary CropsPrimary Sorghum 18,000 44.1% Soybeans 853,800 (by decreasingacreage) AG AG Pastureland Cropland All OtherAg.Uses Mixed Forest Woody Wetlands Developed/Low Intensity Open Water Developed/Open Space Deciduous Forest Pecans Dbl CropWinWht/Cotton Other Crops Oats Dbl CropWinWht/Sorghum Clover/Wildflowers Fallow/Idle Cropland Sorghum Cotton Alfalfa Winter Wheat Dbl CropWinWht/Soybeans Other Hay/NonAlfalfa Corn Soybeans Grass/Pasture 190,600 Wheat

63 SOUTHEAST REGION ams ARM .edu/k olutions e t -sta .k ating S e 785-532-6702 tions l ksr edia 800-321-F , Gener ounseling or e f ptions ecision M tions anchers e , r inancial C edia erse D al F mers dv tial assistanc ssistanc edit M r A A Place Claflin 1603 Old Hall, Waters 342 Manhattan, KS 66506 icultur Exploring O r www.ageconomics.k-state.edu g C g egal A extension servicesextension 1912. since A USD A L onnden ansas far C K and their lenders education, and research, outreach and outreach and research, education, Providing undergraduate and graduate graduate and undergraduate Providing Our Mission products research applied most effective the develop To and extension support outreach to our teaching, the global for our students prepare that programs position our industry marketplace, stakeholders markets, complex in their increasingly successfully support policymakers and implementing in developing and make us the partner policies, of research-based among our peers. choice Agricultural Economics Agricultural Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural Pioneer.com/PowerofPioneer Inside our soybeans is the power of Pioneer: Expert Pioneer: of the is power Inside our soybeans advice, proven performance and unparalleled proven advice, representative. sales Pioneer local contact your yield potential. To unlock this power in your fields, fields, in your unlock this power To yield potential. COMES FULLY LOADED. @ksuageconomics @kstateagecon kstateagecon @ksuagecon brand products are provided subject the to terms and conditions of purchase which are part of the labeling and purchase documents. ® Trademarks and service marks of Corteva Agriscience and its affiliated companies. ©2020 Corteva. PION0SOYB058 TM ® SM Pioneer

SOUTHEAST REGION 64 and Crawford countieswithGreenwood havingthelowest average County value. similar invalue, countieshad althoughall limitedsales. Pasture andhay ground valueswere highestinButler Non-irrigated cropland withothercountiesbeingmore valueon average washighestinButlerCounty native grass. counties. 29%ofsalesinthisregion Only were cropland non-irrigated withtheremaining beingmostly 49,676 totalacres. In2020, ofsaleacres occurred themajority inButler, Bourbon, Greenwood, andLabette region lower land salesvolume thantheprevious 5-year intheSoutheast wasslightly Agricultural average at alow in2017. from show recovery 2019.a slightdecrease from acres Mostagricultural inthisregion are however, grassland continues which to Non-irrigated region cropland 5-year intheSoutheast increased average butshowed 5%over thehistorical Non-irrigated Cropland Type Pasture/Hay A A 1,000 1,500 2,000 2,500 3,000 500 0 Trends inAverage Land Value –By Type 2015 2,233 2,021 2015 Kansas AgriculturalKansas Land Values and Trends 2020 2016 2,615 2,060 2016 Non-irrigated Cropland Average Acre Dollarsper 2,223 1,732 2017 2017 2,316 1,782 2018 2018 2,614 1,918 2019 Pasture/Hay 2,513 2,011 2020 2019 % Change in2020 from 2015-2019 Dollars per AcreDollars per 4.7% 5.7% 2020

65 SOUTHEAST REGION 2,079 5,196 8,177 1,311 2,470 3,482 3,728 3,064 5,415 5,432 4,838 1,863 1,528 1,092 (2020) 49,675 6.3% -4.9% -8.2% 10.7% 16.2% 43.3% 52.1% -34.9% -41.3% -52.0% -76.1% -22.7% -32.8% 132.8% 155.3% Total Acres Sold Acres Total % Change in 2020 % Change Acreage Sales from Sales from Acreage 2015-2019 Average 0 57 39 216 383 611 191 316 100 198 149 1,185 1,920 1,052 6,416 (2020) Acres Sold Acres Tamegrass Tamegrass 1,678 1,316 4,890 2,128 4,162 1,752 2,603 4,061 1,724 7,257 5,375 5,476 6,723 3,093 52,238 Acres Sold Acres (2015-2019) Average Annual Annual Average 742 626 717 698 843 3,525 5,923 1,182 2,412 1,146 2,941 4,721 1,192 1,973 (2020) 28,639 Hay Acres Sold Acres Hay Pasture/Native Pasture/Native 1,092 3,064 5,415 5,432 4,838 1,863 1,528 3,728 2,470 3,482 8,177 1,311 5,196 2,079 (2020) 49,675 Total Acres Sold Acres Total 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2020) Acres Sold Acres Irrigated Crop Crop Irrigated Kansas Agricultural Land Values and Trends 2020 Trends and Values Land Kansas Agricultural 8 12 31 43 37 17 10 31 20 26 46 10 37 18 346 Sold (2020) 73 754 123 594 948 681 210 # of Land Tracts Tracts # of Land 1,121 1,288 1,644 1,654 1,397 2,320 1,814 (2020) 14,620 Acres Sold Acres Dryland Crop 2020 Land Sale Information – By County – By Land2020 SaleInformation Total Woodson Elk Greenwood Labette Montgomery Neosho Wilson Crawford Cherokee Cowley Butler Chautauqua Bourbon Allen County County Allen Bourbon Butler Chautauqua Cherokee Cowley Crawford Elk Greenwood Labette Montgomery Neosho Wilson Woodson Total

SOUTHEAST REGION 66 Total Neosho Montgomery Labette Crawford Cowley Cherokee Butler Bourbon Allen County S 10 20 30 40 50 60 0 Kansas FarmKansas Management Association <=500 303 Waters Hall, 1603OldClaflin Place Manhattan, KS66506 Manhattan, Non-irrigated Cropland AgManager.info/kfma 2020 Land Sale Information Sale 2020 Land –By County Building Strong Relationships... Average 2,513 2,700 2,426 2,420 2,412 2,265 2,602 3,631 2,599 1,882 501-1,000 Producing Excellence 1,001-1,500 Minimum l 785-539-0373 2,279 1,600 2,033 1,880 1,005 2,257 2,050 507 717 507 Kansas AgriculturalKansas Land Values and Trends 2020 1,501-2,000 Maximum 4,676 4,611 3,917 3,063 3,236 3,460 2,954 4,676 4,196 2,354 2,001-2,500 A 2,501-3,000 special circumstances. maximum andmay verified besubjectto have notbeenindependently 2020. Prices are perparcel indollars reported acre. Minimum and in soldinthatcounty greater parcels thanfour ofthelisted category averages,County minimums, andmaximums are displayed only if hay ground if70%orgreater oftheparcel acres are ofthatcategory. Note: Parcels asnon-irrigated, are classified orpasture/ irrigated Total Woodson Montgomery Labette Greenwood Elk Crawford Cowley Chautauqua Butler Bourbon County 3,001-3,500 Pasture/Hay Ground 3,501-4,000 Average 2,011 1,913 1,934 2,132 1,395 1,605 2,411 1,926 1,479 2,444 2,125 4,001-4,500 Minimum Irrigated Pasture/Hay Non-irrigated 1,364 1,089 1,207 1,123 1,177 1,500 466 543 466 824 783 4,501-5,000 Maximum 4,019 3,834 3,801 4,019 1,858 2,000 3,378 3,393 1,941 3,276 3,049 >5,000

67 SOUTHEAST REGION 2020 Sponsors Platinum Farmers National Company 1st Farm Management – First National Bank of Hutchinson McCurdy Auction, LLC

Gold Central National Bank Terry Kastens – Kastens Inc. Frontier Farm Credit KSU Foundation Hall & Hall Peoples Bank and Trust – Farm Mgt Hayden Outdoors Porter Cattle Company Heck Land Company RCB Bank High Plains Farm Credit Sullivan Crop Insurance, Inc. Kansas Farm Management Association Vulgamore Family Farms

Silver Ad Astra Appraisal Farmers State Bank AgWest Land Brokers, LLC Grass & Grain BigIron Realty Harris Crop Insurance Cannon, Lechtenberg & Associates, Inc. Houser Custom Ag Clock Realty & Insurance Shinn Appraisals, LLC EK Real Estate Stockgrowers State Bank

Bronze Farm and Ranch Realty, Inc. Seth Stone Hayden Outdoors Gen 3 Appraisal Company, LLC Solomon State Bank Leighty Ag. Appraisal Service, LLC Terry Odle Farms Milford Appraisal Service, LLC Union State Bank Pioneer Webber Land Company

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68 Kansas Agricultural Land Values and Trends 2020 FOR ALL YOUR LAND INVESTMENT NEEDS!

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