Kansas Agricultural Land Values and Trends 2019

Agricultural cnics

Table of Contents 2 Acknowledgments and Disclosures 3 KSFMRA and KS Chapter of ASFMRA Officers and Board of Directors 4 Kansas Farm Profitability Trends 6 State Land Value Trends 11 Northwest Region 16 West Central Region 21 Southwest Region 26 North Central Region 31 Central Region 37 South Central Region 44 Northeast Region 50 East Central Region 55 Southeast Region 60 Land Values Book Sponsor List

Kansas Land Region Map

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

NORTHWST 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 WST 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 SOUTHWST 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 2019 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.

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

Mykel Taylor Associate Professor K-State Agricultural Economics [email protected] 785-532-3033

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 2014-2019. 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. 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 on the percentage of the parcel that fits into that category. The parcel needed to have greater then 70% of listed acres within one category to be used in summary statistics. Mixed parcels (parcels that had greater than 30% of acres in multiple categories) were not used in summary statistics due to complexities in breaking out value into multiple land categories. Averages are weighted based on parcel acres. 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 2019 KSFMRA Officers and KS Chapter ASFMRA Officers Board of Directors and Board of Directors

Cami Long – President Barb Lechtenberg – President Kent McKinnis – President Elect Brock Thurman – President Elect Tyson Steffen – Immediate Past President Monty Smith – Immediate Past President Ray Bartholomew – Secretary/Treasurer Mykel Taylor – Education/Events Coordinator Ray Bartholomew – Secretary/Treasurer Fred Olsen – Director (1) Kellie Nesmith – Director (2) Andrew Haynes – 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 2019 3 Kansas Farm Profitability Trends Keep the land in the family — Welcome to the second edition of the Kansas Land Values and Trends. We appreciate the support of the Kansas the K-State family. 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 price of land reflects the economic well-being of farmers as it encompasses expectations of market participants of future profitability in the agricultural sector. Land values escalated quickly from 2008 to 2014 as farmers invested their profits from high commodity prices back into land through both the purchase and renting of farmland. Commodity prices fell quickly beginning in 2015 and Kansas farmers found themselves having trouble covering costs of production that had been bid up during the 2008 to 2014 boom period. For many farmers, cash flows were constrained and short- term debt started to build up. Land values responded to this new dynamic by falling approximately 20% statewide between 2015 and 2018. The fall in land values has not been uniform across the state, with local land markets adjusting differently based on the ability of farmers to bid on land. Some of the differences in the reaction of land values across the state to worsening economic conditions come from alternative uses for land including hunting, oil and gas exploration, and wind turbine development. However, the primary use of most land in Kansas is for agriculture and there has been a softening of values statewide due to the economic downturn. During the commodity boom from 2008 to 2014, net farm income for Kansas farms was relatively high, according to Kansas Farm Management Association data (figure 1). This high level of profitability allowed farmers to buy and rent land at higher prices and make machinery purchases from local implement dealers. This brought income to local economies across the state. The economic downturn that began in 2015 has restricted farmer’s spending on machinery and land, which hampers local economies across the state.

The net farm income in 2018 significantly recovered from the previous years. However, it is important to realize that DAVID MAYES PHOTOGRAPHY 38% of that income was from government payments including those provided in the Farm Bill and the additional money paid out by the current administration due to losses experienced by farmers from the trade conflicts over the past two years (figure 2). Without these government payments, many farmers would have had more trouble making You’ve worked hard and raised your family on the land. their debt payments and cash rent. You deserve peace of mind. While land values fell between 2015 and 2018, most analysts agree that things could have been worse. Low interest rates helped keep land values from falling off at a faster pace and the past two years have seen relatively steady land When you make a charitable gift of real estate to Kansas State values. The recovery of land values and a return to historic rates of land price inflation (2-3%) will depend heavily on University, Kansas’ land-grant university, your investment farmers’ ability to turn a profit in these lean times until commodity prices can recover. cultivates opportunities for future students and possibly Sincerely, lifetime income for you. And you no longer have to worry about the weather. Dr. Allen Featherstone Dr. Mykel Taylor Kansas State University Kansas State University Department of Agricultural Economics Department of Agricultural Economics Wondering how to grow your future income Department Head and Professor Department Associate Professor and support the university you love? “ I loved the farm. I love the benefits Figure 1 Net Farm Income Per Operator (dryland crop farms) Figure 2 Net Farm Income Per Operator (all KFMA farms) Contact KSU Foundation’s Gift Planning team for charitable from the charitable trust and $200,000 $140,000 gift options that pay you a lifetime income and support the K-State scholarship I was $180,000 $120,000 Farm income generations of K-State students. able to create even more.” $160,000 — Shirley Jacobson $100,000 Government payments $140,000 $120,000 $80,000 $100,000 $60,000 $80,000 $40,000 $60,000 1800 Kimball Avenue, Suite 200 | Manhattan, Kansas 66502-3373 $20,000 $40,000 785-775-2000 | [email protected] | ksufoundation.org Return Over Total Costs Return Over Total Costs $20,000 $0 $0 ($20,000) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

4 Kansas Agricultural Land Values and Trends 2019 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 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 2014 2015 2016 2017 2018 2019

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

% Change in 2019 Total Ag Land Acres Sold Acreage Sales from Region 2014 2015 2016 2017 2018 2019 2014-2018 Average Northwest 46,060 45,272 28,099 21,783 39,235 39,081 8.3% West Central 35,067 43,871 26,764 31,368 37,207 32,436 -6.9% Southwest 99,086 104,716 87,866 82,461 91,031 87,427 -6.0% North Central 49,062 45,581 22,401 35,597 49,634 31,346 -22.5% Central 46,811 60,502 27,202 31,605 33,172 30,391 -23.8% South Central 63,464 86,115 44,804 54,025 57,182 49,478 -19.0% Northeast 32,873 26,502 18,652 17,897 24,418 19,592 -18.6% East Central 60,814 60,574 21,803 29,274 37,564 31,739 -24.4% Southeast 102,832 73,168 48,836 43,336 58,768 44,220 -32.4% State 536,069 546,302 326,426 347,345 428,212 365,710 -16.3%

The number of agricultural land acres in Kansas sold on an annual basis had dramatically decreased from the volume seen in 2014 and 2015, coinciding with the pullback in the farm economy. On the state level, agricul- tural land sales totaled 365,710 acres in 2019, which is 16.3% less than the 2014-2018 average and 14.6% less than the 2018 value. Land sales volume varies by region but main contributors are Southwest, South Central, and Southeast. While Northeast tends to have the highest prices per acre, it is the smallest in sales volume.

6 Kansas Agricultural Land Values and Trends 2019 Trends in Average Land Value – By Type

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500 A D A 0 TRENDS STATE 2014 2015 2016 2017 2018 2019

Non-irrigated Cropland Irrigated Cropland Pasture/Hay

% Change in 2019 Weighted Average Dollars per Acre Dollars per Acre from Type 2014 2015 2016 2017 2018 2019 2014-2018 Average Non-irrigated Cropland 2,213 2,207 1,869 1,767 1,831 1,705 -13.8% Irrigated Cropland 3,289 3,357 3,060 2,527 2,927 2,397 -20.9% Pasture/Hay Ground 1,802 1,793 1,361 1,399 1,534 1,562 -1.0%

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 average. Evaluating the trend of these values over time does reveal insightful information. Non-irrigated cropland, which makes up the majority of agricultural land in the state, had been on a steady decrease with exception to a small bump in 2018. Compared to the 2014-2018 5-year average, the value of non-irrigated cropland has decreased 13.8%. 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 variability since but overall has declined in value. Agricultural land for pasture and grass hay peaked in 2014 at $1,802 per acre on average and then saw a pullback in value, but actually has increased on average in the last two years. In 2019, Pasture/Hay Ground was only 1% down 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 2019 7 Trends in Non-irrigated Land Value – By Region STATE TRENDS

5,000

4,500

4,000

3,500

3,000

2,500

2,000

1,500 A D A 1,000

500

0 2014 2015 2016 2017 2018 2019 Northwest North Central Northeast West Central Central East Central Southwest South Central Southeast

% Change in 2019 Weighted Average Dollars per Acre Dollars per Acre from Region 2014 2015 2016 2017 2018 2019 2014-2018 Average Northwest 1,918 2,173 1,660 1,700 1,711 1,721 -6.0% West Central 2,081 1,766 1,550 1,102 1,543 1,213 -24.6% Southwest 1,333 1,305 957 972 1,044 1,071 -4.6% North Central 2,723 2,880 2,580 2,484 2,110 1,863 -27.1% Central 2,844 2,356 2,233 2,222 1,775 2,057 -10.0% South Central 2,177 2,191 1,612 1,586 1,757 1,686 -9.6% Northeast 4,625 4,817 4,550 4,045 4,339 4,251 -5.0% East Central 3,042 2,890 2,398 2,634 3,013 2,362 -15.5% Southeast 2,299 2,216 2,507 2,304 2,498 2,950 24.8%

8 Kansas Agricultural Land Values and Trends 2019 Trends in Irrigated Land Value – By Region

6,000

5,500

5,000

4,500

4,000

3,500

3,000

2,500 STATE TRENDS STATE 2,000 A D A 1,500

1,000 2014 2015 2016 2017 2018 2019 Southwest South Central Northwest West Central

% Change in 2019 Weighted Average Dollars per Acre Dollars per Acre from Region 2014 2015 2016 2017 2018 2019 2014-2018 Average Northwest 2,457 3,589 3,583 3,949 4,863 3,695 0.2% South Central 4,785 4,653 4,718 3,237 3,846 3,921 -7.7% Southwest 2,890 2,801 2,209 2,284 2,393 1,754 -30.3% West Central 4,267 3,550 3,698 2,333 2,740 2,382 -28.2% *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 2019 9 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 2014 2015 2016 2017 2018 2019 Northwest North Central Northeast West Central Central East Central Southwest South Central Southeast

% Change in 2019 Weighted Average Dollars per Acre Dollars per Acre Region 2014 2015 2016 2017 2018 2019 from 2014-2018 Northwest 1,194 1,242 1,117 960 951 893 -18.3% West Central 1,090 1,413 815 546 770 807 -12.9% Southwest 854 1,044 520 701 636 803 6.8% North Central 1,674 1,572 1,523 1,541 1,567 1,505 -4.4% Central 1,725 2,086 1,381 1,451 1,503 1,473 -9.6% South Central 1,069 1,500 1,482 1,321 1,465 1,413 3.3% Northeast 2,268 2,558 2,605 1,978 2,233 2,606 11.9% East Central 2,237 2,263 1,942 2,261 1,971 1,900 -11.0% Southeast 2,046 1,903 1,913 1,462 1,724 1,749 -3.4%

10 Kansas Agricultural Land Values and Trends 2019 Farmland Uses Cheyenne Rawlins Decatur Norton 1.9% NORTHWEST 30.2% Sherman Thomas Sheridan Graham

67.9%

The Northwest region of Kansas is comprised of eight counties with 4,318,789 acres of farmland, Cropland Pastureland All Other Ag. Uses according to the 2017 Census of Agriculture. Based on the 2017 Census of Agriculture, All Other Ag. Uses includes “Woodland” Average farm size is 1,534 acres for the 2,815 farms and “Other Uses” acreage in this region. Farmland is comprised of 67.9% cropland and 30.2% pasture. Primary Crops Main cash crops in this region include corn, wheat, sorghum, and to a lesser extent, soybeans. According 1,294,000 to the National Agricultural Statistics Service in NORTHWEST REGION 2019, 1,294,000 acres of cropland were planted to corn. Wheat totaled 752,000 acres and grain 752,000 sorghum, 172,000 acres. Main livestock enterprises in this region include beef

cattle and swine. Norton County ranks among the 172,000 top 7 hog and pig producing counties in Kansas. 61,600

Corn Sorghum Soybeans Wheat Based on NASS reported planted acres in 2019 compiled from Quick Stats

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12 Kansas Agricultural Land Values and Trends 2019 Trend in Average Land Value – By Type

6,000

5,000

4,000

3,000

2,000

1,000

W 0 2014 2015 2016 2017 2018 2019

Non-irrigated Cropland Irrigated Cropland Pasture/Hay

% Change in 2019 Weighted Average Dollars per Acre Dollars per Acre NORTHWEST REGION Type 2014 2015 2016 2017 2018 2019 from 2014-2018 Non-irrigated Cropland 1,918 2,173 1,660 1,700 1,711 1,721 -6.0% Irrigated Cropland 2,457 3,589 3,583 3,949 4,863 3,695 0.2% Pasture/Hay 1,194 1,242 1,117 960 951 893 -18.3%

The Northwest region experienced significant declines in non-irrigated cropland values in 2016 but has held very steady the last three years. In contrast, irrigated cropland has increased in value through 2018, with a recent pullback in 2019. Pasture and hay ground has been on a steady decline since 2015; being down 18.3% from a 5-year historical average. As a region, the Northwest had 39,081 agricultural land acres sell in 2019, which is close to the average from 2014-2018. Cheyenne, Norton, and Sherman counties had the majority of sale acres in 2019. Non-irrigated cropland acres made up the majority of agricultural acres sold at 24,277 acres in 2019. Although irrigation is very prevalent in this area, only 3,278 acres of irrigated ground were sold. Native pasture/hay acres of 11,526 were also sold in 2019. A large variation in value exists at the county level as sales are influenced by local demand. Thomas and Sheridan counties had some of the highest non-irrigated cropland prices, with Graham County significantly lower in value in 2019 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 with a large amount of sales in Norton County in 2019.

Kansas Agricultural Land Values and Trends 2019 13 2019 Land Sale Information – By County NORTHWEST REGION

Average Annual % Change in 2019 # of Land Tracts Total Acres Sold Acres Sold Acreage Sales from County Sold (2019) (2019) (2014-2018) 2014-2018 Average Cheyenne 28 6,057 3,317 82.6% Decatur 12 2,160 5,162 -58.1% Graham 13 2,506 4,028 -37.8% Norton 37 6,994 4,733 47.8% Rawlins 26 5,607 6,235 -10.1% Sheridan 36 5,885 3,132 87.9% Sherman 39 6,443 5,255 22.6% Thomas 16 3,430 4,227 -18.9% Total 207 39,081 36,090 8.3%

Dryland Crop Irrigated Crop Pasture/Native Tamegrass Acres Sold Acres Sold Hay Acres Sold Acres Sold Total Acres Sold County (2019) (2019) (2019) (2019) (2019) Cheyenne 4,040 123 1,893 0 6,057 Decatur 1,499 0 661 0 2,160 Graham 866 0 1,639 0 2,506 Norton 3,439 0 3,555 0 6,994 Rawlins 3,142 0 2,465 0 5,607 Sheridan 3,774 1,081 1,030 0 5,885 Sherman 5,439 970 33 0 6,443 Thomas 2,078 1,104 248 0 3,430 Total 24,277 3,278 11,526 0 39,081

14 Kansas Agricultural Land Values and Trends 2019 2019 Land Sale Information – By County

45

40 Non-irrigated 35 Pasture/Hay 30 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 NORTHWEST REGION Weighted Weighted County Average Minimum Maximum County Average Minimum Maximum Cheyenne 1,529 813 2,033 Cheyenne 783 695 988 Decatur 1,661 1,414 2,066 Graham 868 662 1,046 Graham 953 614 1,306 Norton 900 305 1,500 Norton 1,703 1,083 2,326 Rawlins 879 727 1,218 Rawlins 1,862 1,086 2,517 Total 893 305 1,500 Sheridan 1,926 762 2,623 Sherman 1,605 827 4,683 Irrigated Cropland Thomas 2,242 1,512 3,258 Weighted Total 1,721 614 4,683 County Average Minimum Maximum Sheridan 4,244 2,691 5,017 Note: County averages, minimums, and maximums are only displayed if greater than four parcels sold in that county in 2019. In order for a Sherman 3,344 1,703 4,683 parcel to be classified as non-irrigated, dryland or pasture/hay, 70% or Thomas 3,545 2,353 4,848 greater of the parcel acres must fit in that category. Prices are reported in dollars per parcel acre. Averages are weighted based on parcel acres. Total 3,695 1,703 5,017 Minimum and maximum have not been independently verified and may be subject to special circumstances.

Kansas Agricultural Land Values and Trends 2019 15 Farmland Uses WEST CENTRAL REGION WEST CENTRAL Wallace Logan Gove Trego 1.6% WEST CENTRAL 29.4% Greeley Wichita Scott Lane Ness

69.0%

The West Central region of Kansas is comprised of nine counties with 4,591,887 acres of farmland, Cropland Pastureland All Other Ag. Uses according to the 2017 Census of Agriculture. Based on the 2017 Census of Agriculture, All Other Ag. Uses includes “Woodland” Average farm size is 1,684 acres for the 2,726 farms and “Other Uses” acreage in this region. Farmland is comprised of 69% crop- land and 29.4% pasture. Primary Crops The main cash crop in this region is wheat, with significant amounts of corn and sorghum. According to the National Agricultural Statistics Service in 962,600 2019, 962,600 acres were planted to wheat and 850,000 850,000 acres were planted to corn.

Main livestock enterprises in this region include beef 471,000 cattle and sheep. Scott County is among the highest

ranking counties in Kansas for cattle on feed. Gove A County is the top producer of sheep and lambs in the state. 8,600 Corn Sorghum Soybeans Wheat Based on NASS reported planted acres in 2019 compiled from Quick Stats

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Kansas Agricultural Land Values and Trends 2019 17 Trend in Average Land Value – By Type WEST CENTRAL REGION WEST CENTRAL

4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500

W A A 0 2014 2015 2016 2017 2018 2019

Non-irrigated Cropland Irrigated Cropland Pasture/Hay

% Change in 2019 Weighted Average Dollars per Acre Dollars per Acre Type 2014 2015 2016 2017 2018 2019 from 2014-2018 Non-irrigated Cropland 2,081 1,766 1,550 1,102 1,543 1,213 -24.6% Irrigated Cropland 4,267 3,550 3,698 2,333 2,740 2,382 -28.2% Pasture/Hay 1,090 1,413 815 546 770 807 -12.9%

Non-irrigated cropland in the West Central region had been on a steady decline until somewhat of a recovery in 2018 and 2019. Average non-irrigated cropland value in 2019 is still down nearly 25% from a historical 5-year average, however. Irrigated cropland is more variable due to limited sales and has been fluctuating much lower from its peak value in 2014. Pasture and hay ground rebounded in 2018 and 2019 from a low in 2017, but is currently selling for nearly 13% less than the historical 5-year average. Overall in the West Central region, the volume of agricultural ground sold in 2019 was very close to the 5-year historical average. Decreases in the volume of agricultural land sales were seen in most counties with the exception of Lane, Logan, Wallace, and Wichita counties. Seventy percent of all acres sold in this region were non-irrigated cropland, with just 1,136 acres of irrigated cropland sold in 2019, and 8,643 acres of pasture/native hay. Non-irrigated cropland values were highest in Scott County on average, with Ness, Trego and Greeley coun- ties representing the lowest average values. Sales were limited for irrigated cropland in 2019 so no county values can be reported. Pasture and hay ground averaged just over $800 per acre in 2019 for the region, with Greeley and Logan counties averaging lower.

18 Kansas Agricultural Land Values and Trends 2019 2019 Land Sale Information – By County

Average Annual % Change in 2019 # of Land Tracts Total Acres Sold Acres Sold Acreage Sales from County Sold (2019) (2019) (2014-2018) 2014-2018 Average Gove 12 2,718 5,502 -50.6% Greeley 20 3,234 6,910 -53.2% Lane 23 4,355 2,671 63.0% Logan 25 7,161 3,643 96.6% Ness 15 2,581 4,578 -43.6% Scott 19 2,799 3,293 -15.0% Trego 18 2,883 3,757 -23.3% Wallace 9 2,985 1,682 77.5% Wichita 20 3,720 2,818 32.0% Total 161 32,436 34,855 -6.9%

Dryland Crop Irrigated Crop Pasture/Native Tamegrass

Acres Sold Acres Sold Hay Acres Sold Acres Sold Total Acres Sold WEST CENTRAL REGION County (2019) (2019) (2019) (2019) (2019) Gove 2,154 0 564 0 2,718 Greeley 2,277 125 832 0 3,234 Lane 3,336 0 1,019 0 4,355 Logan 3,966 0 3,195 0 7,161 Ness 2,256 0 324 0 2,581 Scott 2,523 271 5 0 2,799 Trego 1,740 123 1,020 0 2,883 Wallace 1,412 496 1,077 0 2,985 Wichita 2,992 122 607 0 3,720 Total 22,657 1,136 8,643 0 32,436

Kansas Agricultural Land Values and Trends 2019 19 2019 Land Sale Information – By County WEST CENTRAL REGION WEST CENTRAL

50 45 Non-irrigated 40 Pasture/Hay 35 Irrigated 30 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 A

Non-irrigated Cropland Pasture/Hay Ground Weighted Weighted County Average Minimum Maximum County Average Minimum Maximum Gove 1,155 484 2,193 Greeley 679 502 820 Greeley 1,081 482 1,426 Lane 826 800 853 Lane 1,162 582 1,575 Logan 613 480 758 Logan 1,327 530 2,266 Total 807 445 2,092 Ness 866 653 1,235 Scott 1,515 895 2,604 Trego 1,048 391 1,407 Note: County averages, minimums, and maximums are only displayed if greater than four parcels sold in that county in 2019. In order for a Wallace 1,295 972 1,470 parcel to be classified as non-irrigated, dryland or pasture/hay, 70% or Wichita 1,323 581 1,772 greater of the parcel acres must fit in that category. Prices are reported in dollars per parcel acre. Averages are weighted based on parcel acres. Total 1,213 391 2,604 Minimum and maximum have not been independently verified and may be subject to special circumstances.

20 Kansas Agricultural Land Values and Trends 2019 regards toswineproduction. areMorton among countieswith thetopranking large percentage ofthestate’s cows. dairy and Grant in Kansas. GrayandHamilton countiesalsoholda on feed, having some counties ofthetopranking This regioncattle isknownforlarge numbersof in2018.region with138,200acres harvested inthis commodity Alfalfa hay isalsoanimportant of wheatand1.2million acres were ofcorn planted. in2019, 1.4million acres Service Statistics nearly grown. According totheNational Agricultural sorghum, amountofsoybeans also withasmall cropsMain cash inthisregion are wheat, corn, and pasture. Farmland of76%cropland iscomprised and22.2% is1,470acres inthisregion. the4,741 farms size for to the2017CensusofAgriculture. Average farm counties with6,969,026acres offarmland, according Southwest of14 Kansas iscomprised The region of Hamilton Stanton Morton Stevens Kearny Grant SOUTHWEST Finney Haskell Seward Gray Kansas AgriculturalKansas Land Values and Trends 2019 Meade Hodgeman Ford Clark Based on NASS reported planted acres in2019compiledBased onNASSreported from Stats Quick Uses” acreageand “Other Based onthe2017Census ofAgriculture, Ag. AllOther Uses includes “Woodland” 1,201,000 Corn Cropland Farmland Uses Primary CropsPrimary 22.2% Sorghum 715,000 Pastureland 1.8% 76.0% Soybeans 87,800 All OtherAg.Uses 1,359,000 Wheat

21 SOUTHWEST REGION Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural 534 S. Main • Box 445 Ulysses, Kansas 67880 State Certified Dennis Leighty TSON STEEN TSON www.adastraappraisal.com Cell (620) 353-8072 • [email protected] Certi ed Appraiser General Office (620) 356-5190 • Fax (620) 356-1527 Ranch * Farm * Minerals * Commercial Leighty Ag. Appraisal Service, LLC Leighty Ag. Appraisal Service, 620.285.9213 tysonadastraappraisal.com CHATTELS & REAL ESTATE CENTRAL & WESTERN KS WESTERN CENTRAL & & REAL ESTATE CHATTELS

SOUTHWEST REGION 22 had limited sales per county but like non-irrigated cropland, butlikenon-irrigated had limitedsalespercounty washighestinFord andHodgeman counties. wide rangeofvalueswithFinney, Haskell, countiesbeingthehighest. KearnyandStevens Pasture/hay ground lower values. countiesseeingsome significantly and Morton Likeother regions, cropland irrigated showed a Non-irrigated cropland thehighestaverage soldfor valuesinFord andHodgeman countieswithHamilton landsoldin2019,tural cropland irrigated 26%, andnative pasture/hay ground 16%. inGray,cantly Grant, counties. KearnyandStanton Non-irrigated cropland- salesmade agricul up58%ofall the2014-2018average, were land salesintheSouthwest down 6% in2019from Agricultural butupsignifi- senting thelowest regions average all valuesfor inthestate. cropland valuewas$1,071peracre on average in2019, andpasture/hay ground $803peracre, bothrepre- unsteady initstrend, 5-year 6.8%more average. for selling in2019thanthehistorical actually Non-irrigated saw alow in2019, 5-year average. averaging 30.3%lessthanthehistorical Pasture andhay ground hasbeen since2013,land hashad asteady decline withamodestrebound in2018and2019. Irrigatedcropland sales compared toany otherregion inKansas, influential on thestateaverage. thusbeingvery cropNon-irrigated - acresSouthwest hasthehighestnumberofagricultural soldper Kansas consistently The regionyear of Pasture/Hay Irrigated Cropland Non-irrigated Cropland Type W 1,000 1,500 2,000 2,500 3,000 3,500 500 0 Trends inAverage Land Value –By Type 2014 2,890 1,333 2014 854 Non-irrigated Cropland Kansas AgriculturalKansas Land Values and Trends 2019 2015 1,044 2,801 1,305 2015 Weighted Average Acre Dollarsper 2,209 2016 2016 520 957 Irrigated Cropland 2,284 2017 701 972 2017 2,393 1,044 2018 636 1,754 1,071 2019 803 2018 Pasture/Hay % Change in2019 from 2014-2018 Dollars per AcreDollars per -30.3% -4.6% 6.8% 2019

23 SOUTHWEST REGION 1,236 6,400 7,958 5,908 4,389 2,217 8,376 4,208 2,138 2,944 9,265 7,827 (2019) 12,025 12,537 87,427 8.9% -6.0% -4.8% 33.1% 29.7% -11.3% -35.7% -16.6% -41.3% -62.6% -39.6% -60.0% -54.2% 120.4% 159.2% Total Acres Sold Acres Total % Change in 2019 % Change Acreage Sales from Sales from Acreage 2014-2018 Average 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2019) Acres Sold Acres Tamegrass Tamegrass 4,204 8,821 4,578 2,565 6,294 7,163 5,924 7,271 6,135 4,837 6,726 2,702 93,032 14,766 11,046 Acres Sold Acres (2014-2018) Average Annual Annual Average 41 541 786 707 803 865 428 214 2,098 1,321 1,816 1,122 1,332 1,664 (2019) 13,739 Hay Acres Sold Acres Hay Pasture/Native Pasture/Native 9,265 7,827 2,944 2,138 8,376 4,208 2,217 4,389 7,958 5,908 6,400 1,236 (2019) 87,427 12,537 12,025 Total Acres Sold Acres Total 0 0 0 0 975 783 364 825 3,705 2,645 6,543 1,522 3,398 1,976 (2019) 22,736 Acres Sold Acres Irrigated Crop Crop Irrigated Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural 9 63 50 14 15 45 23 12 30 55 82 33 52 36 519 Sold (2019) 696 # of Land Tracts Tracts # of Land 6,222 4,103 4,527 4,178 5,201 2,826 1,095 6,261 3,040 1,273 1,692 5,653 4,187 (2019) 50,953 Acres Sold Acres Dryland Crop 2019 Land Sale Information – By County – By Land2019 SaleInformation Total Stanton Stevens Seward Morton Kearny Meade Hodgeman Haskell 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 24 may besubjecttospecialcircumstances. Minimum andmaximum and verified have notbeenindependently perparcelin dollars acre. Averages are weighted basedon parcel acres. greater oftheparcel acres mustcategory. fitinthat are Prices reported asnon-irrigated,parcel tobeclassified orpasture/hay, dryland 70%or if greater in2019. parcels thanfour soldinthat county Inorder a for Note: averages, County minimums, andmaximums are displayed only Clark County Finney Ford Grant Gray Hamilton Haskell Hodgeman Kearny Meade Morton Seward Stanton Stevens Total S 100 120 140 160 2 4 6 8 0 0 0 0 0 <=500 Non-irrigated Cropland 2019 Land Sale Information Sale 2019 Land –By County Weighted Average 1,445 1,828 1,404 1,396 1,728 1,070 1,071 971 898 642 965 543 745 802 774 501- 1 , 000 1,001 Minimum - 755 453 560 532 529 340 944 766 671 748 300 558 420 334 300 1,500 Kansas AgriculturalKansas Land Values and Trends 2019 1,501 - 2,000 Maximum 1,199 2,091 3,311 4,605 3,365 2,515 5,299 1,600 1,991 1,221 2,067 5,299 860 805 845 2,001 - 2,500 2,501 Finney County Finney County Ford Ford Grant Grant Gray Hodgeman Haskell Meade Kearny Morton Stevens Stanton Total Stevens Total - 3,000 3,001 - 3,500 Pasture/Hay Ground Irrigated Cropland Weighted Weighted Average Average 3,501 1,928 1,630 1,032 1,200 1,342 1,036 2,224 1,906 1,655 2,756 1,754 729 996 745 401 524 803 - 4,000 4,001 Minimum Minimum - 4,500 Irrigated Pasture/Hay Non-irrigated 1,431 1,188 1,759 876 463 868 449 361 509 529 342 637 336 334 630 334 361 4,501 - 5,000 Maximum Maximum 3,617 4,263 1,557 2,340 2,505 3,200 3,627 4,153 3,745 2,808 3,627 7,154 7,154 > 876 817 410 631 5,000

25 SOUTHWEST REGION Wheat 723,800 All Other Ag. Uses 851,000 Soybeans 61.9% 3.8% Pastureland 375,000 Sorghum 34.4% Primary Crops Farmland Uses Farmland Cropland Corn

713,000 A Based on NASS reported planted acres in 2019 compiled from Quick Stats from Based on NASS reported in 2019 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 2019 Trends and Values Land Kansas Agricultural Jewell Mitchell NORTH CENTRALNORTH Smith Osborne Rooks Phillips Main livestock enterprises include in this region Republic County and dairy. swine, sheep, beef cattle, - Wash production. ranks 2nd in sheep and goat and beef cow/calf, Countyington ranks high in hog, dairy operations. Main cash crops in this region include corn, wheat, wheat, include in this region Main cash corn, crops to the National According and soybeans. sorghum, Agricultural 851,000 Statistics Service in 2019, 723,800 to wheat, planted to soybeans, were acres are in this region Most crops and 713,000 to corn. in this is also a significant Hay crop non-irrigated. harvested with 99,500 alfalfa acres region in 2018 acres. and 133,500 other hay 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.

NORTH CENTRAL REGION 26 Mike So (785) 452-5804 Salina, KS67401 4415 N.SandyAve. lo m Rooks, Phillips,&SalineCounties OU

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2019 2.4% -4.4% -27.1% Dollars per Acre from 2014-2018 from % Change in 2019 % Change 2018 2019 1,863 4,801 1,505 Pasture/Hay 2018 2,110 5,135 1,567 2017 2017 2,484 3,529 1,541 2016 2016 2,580 7,181 1,523 Non-irrigated Cropland Weighted Average Dollars per Acre Average Weighted 2015 2,880 4,747 1,572 2015 Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural 2014 2,723 2,848 1,674 2014 Trends in Average Land Value – By Type – By Value Land in Average Trends 0 500

3,500 3,000 2,500 2,000 1,500 1,000 A A A A Non-irrigated Cropland Non-irrigated Type Irrigated Cropland Pasture/Hay Non-irrigated cropland had some higher sales in Mitchell and Washington counties that brought their counties that brought Washington higher sales in Mitchell some and had cropland Non-irrigated per average counties experienced Osborne and Rooks the lowest region. of the higher than the rest averages County value was highest in Clay but had ground and hay Pasture price sales non-irrigated cropland. on acre one of County sell Rooks in 2019 but had a significantacres grass had number of native very limited sales. prices average per acre. the lowest The number of agricultural acres sold in 2019 in the North Central region was 22.5% less than the 5-year North was 22.5% less than the 5-year region sold in 2019 in the The number of agricultural Central acres experiencing counties the Washington and Rooks Phillips, with Jewell, historical of 40,455 acres, average of the percent Fifty-three Cloud and Republic counties saw very few sales in 2019. sales volume. biggest remaining small The grass. and 43% is native is non-irrigatedagricultural cropland land sold in this region and tamegrass. irrigated are cropland percentages The North Central region continues to see a decline in the non-irrigated crop ground value, after a slight to see a declineNorth value, continues region The ground Central in the non-irrigated crop only being 1% years; recent in has held steady ground and hay value for pasture The average recovery in 2018. North of veryregion in the IrrigatedKansas has Central cropland off of the historical2019. in average 5-year expected. year are year to fluctuations so large limited sales,

NORTH CENTRAL REGION 28 Total Washington Smith Rooks Republic Phillips Ottawa Osborne Mitchell Jewell Cloud Cloud Clay County Mitchell Jewell Osborne Ottawa Republic Phillips Smith Rooks Washington Total Clay County CHATTELS &REALESTATE & CENTRAL WESTERN KS 2019 Land Sale Information Sale 2019 Land –By County Dryland Crop Dryland Acres Sold 16,616 (2019) 2,112 1,458 3,207 2,538 1,382 1,882 1,456 # of Land # ofLand Tracts 441 987 728 424 Sold (2019) Sold 207 19 14 24 16 16 32 16 33 25 5 7 Kansas AgriculturalKansas Land Values and Trends 2019 Irrigated Crop Acres Sold (2019) 988 270 240 124 100 140 36 78 0 0 0 0 Total Acres Sold 31,346 (2019) 2,418 1,917 3,471 2,218 2,369 4,500 2,342 6,651 4,170 554 738 Pasture/Native Hay Acres Sold danaadastraappraisal.com 620.792.3503 13,447 (2019) 1,670 3,444 1,962 1,309 1,190 1,448 591 155 737 121 822 Certi ed General Appraiser Certi ed www.adastraappraisal.com Average Annual (2014-2018) Acres Sold ANA LONG 40,455 1,777 2,396 2,755 2,450 4,489 3,774 2,490 3,452 7,106 4,337 5,428 Tamegrass Acres Sold (2019) 295 118 53 17 37 62 0 0 0 0 0 9 2014-2018 Average Acreage from Sales % Change in2019 Total Acres Sold -68.8% -30.4% -50.6% -37.2% -70.4% -67.0% -23.2% -22.5% 41.7% 30.4% 53.3% 0.9% 31,346 (2019) 4,170 2,342 6,651 4,500 2,369 2,218 1,917 3,471 2,418 738 554

29 NORTH CENTRAL REGION 5,000 > 2,489 2,023 2,059 1,315 2,158 4,047 3,434 4,047 Maximum 5,000 - 4,501 736 803 941 667 667 2,092 1,302 1,000 Non-irrigated Non-irrigated Pasture/Hay Irrigated 4,500 Minimum - 4,001 4,000 - 948 2,360 1,295 1,405 1,281 1,890 1,147 1,505 Average Weighted Weighted 3,501 Pasture/Hay Ground Pasture/Hay 3,500 - 3,001 3,000 - County Clay Jewell Mitchell Osborne Ottawa Phillips Rooks Total Note: County averages, minimums, and maximums are only displayed only displayed are and maximums minimums, County averages, Note: for a In order sold in that county than four parcels in 2019. if greater 70% or dryland or pasture/hay, to be classifiedparcel as non-irrigated, reported Prices are fit in that category. must acres of the parcel greater acres. parcel based on weighted are Averages acre. in dollars per parcel not been independently have verified and and maximum Minimum circumstances. be subject to special may 2,501 2,500 A - 2,001 3,249 2,852 5,662 1,561 2,191 3,438 2,130 3,559 4,701 5,662 Maximum 2,000 - 1,501 Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural 565 563 942 577 563 1,500 - 1,526 2,059 1,312 1,437 1,014 Minimum 1,001 000 , 1 501- 2,284 1,484 2,892 1,115 1,779 1,575 1,015 2,535 3,537 1,863 Average Weighted Weighted 2019 Land Sale Information – By County – By Land2019 SaleInformation Non-irrigated Cropland Non-irrigated <=500

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2 2 1 1 County Clay Jewell Mitchell Osborne Ottawa Phillips Rooks Smith Washington Total

NORTH CENTRAL REGION 30 egg production and3rd insheepandgoats. tion. and 5thinpoultry ranks County McPherson andeggproduc- poultry for inKansas top county cattle, poultry, sheep, andswine. isthe RiceCounty beef inthisregion include enterprises Main livestock 188,000 otherhay acres. in2018,125,300 acres harvested withanadditional production inthis isalsosignificant region with cropland inthisregion isnon-irrigated. Alfalfahay regionthe Central were plantedtowheat. Most in2019 more than1.1million acres in Service According totheNational Statistics Agricultural amountsof corn,significant soybeans, andsorghum. cash cropThe main inthis region iswheat, with pasture. Farmland of64.6%cropland iscomprised and32% is763acres inthisregion. the6,873farms size for to the2017CensusofAgriculture. Average farm counties with5,241,757acres offarmland, according of11 The Central Kansas iscomprised region of Rush Ellis Russell Barton CENTRAL Ellsworth Lincoln Rice Kansas AgriculturalKansas Land Values and Trends 2019 McPherson Saline Dickinson Marion

Based on NASS reported planted acres in2019compiledBased onNASSreported from Stats Quick A Uses” acreageand “Other Based onthe2017Census ofAgriculture, Ag. AllOther Uses includes “Woodland” 299,000 Corn Cropland Farmland Uses Primary CropsPrimary 32.0% Sorghum 487,000 Pastureland 3.4% 64.6% Soybeans 562,000 All OtherAg.Uses 1,103,800 Wheat

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33 CENTRAL REGION 678 2,161 2,734 4,554 2,849 2,141 2,043 4,716 3,889 2,574 2,052 (2019) 30,391 -6.3% -7.7% 18.3% -23.8% -82.4% -16.9% -15.1% -40.3% -38.2% -16.4% -28.0% -39.2% Total Acres Sold Acres Total % Change in 2019 % Change Acreage Sales from Sales from Acreage 2014-2018 Average 0 0 0 0 0 0 9 12 35 129 103 287 (2019) Acres Sold Acres Tamegrass Tamegrass 2,190 3,860 3,096 3,987 4,578 3,423 3,465 3,410 4,935 3,799 3,554 39,858 Acres Sold Acres (2014-2018) Average Annual Annual Average 320 751 921 387 710 664 345 897 2,528 1,369 1,088 9,978 (2019) Hay Acres Sold Acres Hay Pasture/Native Pasture/Native 678 2,052 2,574 4,716 3,889 2,043 2,141 2,849 4,554 2,734 2,161 (2019) 30,391 Total Acres Sold Acres Total 0 0 0 0 0 0 0 29 298 372 132 831 (2019) Acres Sold Acres Irrigated Crop Crop Irrigated Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural 5 15 13 38 32 14 14 16 22 17 15 201 Sold (2019) 993 334 # of Land Tracts Tracts # of Land 1,544 1,954 2,026 1,481 1,041 3,855 3,012 1,910 1,146 (2019) 19,295 Acres Sold Acres Dryland Crop 2019 Land Sale Information – By County – By Land2019 SaleInformation Total Saline Russell Rush McPherson Rice Marion Lincoln Ellsworth Ellis Dickinson County Barton County Barton Dickinson Ellis Ellsworth Lincoln Marion McPherson Rice Rush Russell Saline Total

CENTRAL REGION 34 (785) 452-5804 Salina, KS67401 4415 N.SandyAve. Rooks, Phillips,&SalineCounties OUR R Ka Lic A R S Br Del F C T ealt ealt er y hano F pril L oker ensd I son S th tied G Terry OdleFarms or or y S ischer TEA e tuck t nsur v enr eff eling M OFEXPRTS ischer en anc al A Terry W.Odle er e A pr gen aiser /R t ealt [email protected] or Stockton, KS67669 Kansas AgriculturalKansas Land Values and Trends 2019 407 N.CedarSt. Lar 615 Br ned clok (620) 85-41 , K oadw r ealt ans 6750 y a .c y S om t .

35 CENTRAL REGION 5,000 > 2,109 1,650 1,473 1,500 2,761 5,792 5,792 10,091 10,091 Maximum Maximum 5,000 - 4,501 889 976 698 1,070 1,300 1,184 1,496 2,414 3,935 Non-irrigated Non-irrigated Pasture/Hay Irrigated Minimum 4,500 Minimum - 4,001 4,000 - 1,258 1,449 1,228 1,457 1,952 2,336 1,473 4,623 5,821 Average Average Weighted Weighted 3,501 Weighted Weighted Irrigated Cropland Irrigated Pasture/Hay Ground Pasture/Hay 3,500 - 3,001 3,000 - Total County Ellis County McPherson Ellsworth Lincoln Marion Rice Saline Total 2,501 2,500 A - 2,001 2,414 3,848 5,073 2,288 2,397 1,894 2,488 3,517 2,643 5,073 3,518 Maximum 2,000 - 1,501 Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural 505 698 685 505 1,500 - 1,456 1,003 1,004 1,188 2,200 1,519 1,462 Minimum 1,001 000 , 1 501- 1,489 2,924 2,409 1,757 1,556 1,194 1,762 2,817 1,900 2,057 2,274 Average Weighted Weighted 2019 Land Sale Information – By County – By Land2019 SaleInformation Non-irrigated Cropland Non-irrigated <=500

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4 3 3 2 2 1 1 McPherson County Barton Dickinson Rice Ellis Rush Ellsworth Saline Lincoln Total Marion Note: County averages, minimums, and maximums are only displayed only displayed are and maximums minimums, County averages, Note: for a In order sold in that county than four parcels in 2019. if greater 70% or dryland or pasture/hay, to be classifiedparcel as non-irrigated, reported Prices are fit in that category. must acres of the parcel greater acres. parcel based on weighted are Averages acre. in dollars per parcel not been independently have verified and and maximum Minimum circumstances. be subject to special may

CENTRAL REGION 36 poultry andeggproduction.poultry and lambproduction. third ranks in County Harvey tions. highinsheep andRenocountiesrank Harvey - opera containand Renocountiesall multiple dairy cattle, dairy, poultry, andsheep. Harvey, Sedgwick beef inthisregion include enterprises Main livestock production. canola in thestatefor the topcounty 59,500 acres plantedin2017. Inaddition, is Barber is alsobecoming more popularinthisregion with in2018.114,900 otherhay acres harvested Cotton in thisregion, withmore than173,000alfalfaand on 632,000acres. Hay production isalsosignificant wasplantedonCorn 564,000acres andsoybeans Service.to theNational Statistics Agricultural 1.7million acres plantedin2019,nearly according 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 according tothe2017CensusofAgriculture. of 13countieswith6,746,527acres offarmland, South Central Kansas iscomprised region of The Comanche Edwards Kiowa Pawnee Pratt Sta SOUTH CENTRAL Barber ord Kingman Harper Reno Kansas AgriculturalKansas Land Values and Trends 2019 Sumner Sedgwick Harvey

Based on NASS reported planted acres in2019compiledBased onNASSreported from Stats Quick A Uses” acreageand “Other Based onthe2017Census ofAgriculture, Ag. AllOther Uses includes “Woodland” 564,000 Corn Cropland Farmland Uses Primary CropsPrimary 28.5% Sorghum 322,000 Pastureland 2.5% 69.1% Soybeans 632,000 All OtherAg.Uses 1,693,000 Wheat

37 SOUTH CENTRAL REGION

620.474.0533 CONTACT US FOR CONTACT HUTCHINSON, KS MORE INFORMATION JOHN WILDIN, BROKER

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SOUTH CENTRAL REGION 38 $1,058 inComanche County. gated cropland value. Pasture/hay $1,896peracre to inKingmanCounty ground average valuesranged from development.potential ofurban Mostoftheothercountiesinthisregion were more consistent- innon-irri cropland, highaverage non-irrigated sawan extremely for County Sedgwick duetoinfluenceoffuture likely amountoftamegrass. small croplandbeing irrigated andavery Fifty-seven percent ofacres soldin2019were cropland, non-irrigated 34%native grass, andtheremainder sales occurred inBarber, in2019. County counties, RenoandSumner inHarvey salesoccurring few withvery the2014-2018average. landsalesvolume was down 19% from agricultural Overall The highest volume of average in2019.5-year historical land inthisdistrict.of agricultural Pasture andhay ground alsoremains being3.3%above its steady; actually 2016to2017, thedrop seenfrom steady after cropland portion butsalesare hasremained asmall only fairly steady inrecent years. from the2014-2018average.The 2019averagefor the region wasdown 9.6% Irrigated hasbeenholding but overall hasseensome variability Kansas Non-irrigated Central cropland valueinSouth Pasture/Hay Irrigated Cropland Non-irrigated Cropland Type A A 1 2 3 4 5 6 , , , , , , 000 000 000 000 000 000 0 Trends inAverage Land Value –By Type 2014 1,069 4,785 2,177 2014 Non-irrigated Cropland Kansas AgriculturalKansas Land Values and Trends 2019 2015 1,500 4,653 2,191 2015 Weighted Average Acre Dollars per 1,482 4,718 1,612 2016 2016 Irrigated Cropland 1,321 3,237 1,586 2017 2017 1,465 3,846 1,757 2018 1,413 3,921 1,686 2019 2018 Pasture/Hay % Change in2019 from 2014-2018 Dollars per AcreDollars per -7.7% -9.6% 3.3% 2019

39 SOUTH CENTRAL REGION 720 6,201 2,049 2,651 3,309 2,066 7,208 3,529 3,543 7,043 1,452 2,742 6,967 (2019) 49,478 2.5% -8.8% -8.0% 21.8% 45.4% 22.1% -19.0% -41.2% -15.8% -45.5% -57.6% -54.3% -43.5% -48.2% Total Acres Sold Acres Total % Change in 2019 % Change Acreage Sales from Sales from Acreage 2014-2018 Average 0 0 0 0 0 0 0 0 7 8 0 126 136 276 (2019) Acres Sold Acres Tamegrass Tamegrass 6,795 4,664 5,780 1,593 3,853 4,956 4,192 3,789 2,710 1,697 5,804 3,628 61,118 11,976 Acres Sold Acres (2014-2018) Average Annual Annual Average 591 174 751 544 185 496 4,042 1,030 1,408 1,197 3,850 1,304 1,156 (2019) 16,728 Hay Acres Sold Acres Hay Pasture/Native Pasture/Native 720 6,967 2,742 7,043 1,452 3,543 7,208 3,529 2,066 3,309 2,651 2,049 6,201 (2019) 49,478 Total Acres Sold Acres Total 0 0 0 0 0 0 129 652 493 742 431 895 1,036 4,377 (2019) Acres Sold Acres Irrigated Crop Crop Irrigated Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural 8 54 20 56 13 27 29 19 17 23 15 12 31 324 Sold (2019) 291 869 # of Land Tracts Tracts # of Land 2,159 1,019 1,023 1,901 2,707 2,285 2,258 5,302 1,259 1,351 5,675 (2019) 28,097 Acres Sold Acres Dryland Crop 2019 Land Sale Information – By County – By Land2019 SaleInformation Sumner Total Stafford Reno Sedgwick Pratt Kiowa Pawnee Kingman Harper Harvey Edwards County Barber Comanche County Barber Comanche Edwards Harper Harvey Kingman Kiowa Pawnee Pratt Reno Sedgwick Stafford Sumner Total

SOUTH CENTRAL REGION 40 CHATTELS &REALESTATE & CENTRAL WESTERN KS tysonadastraappraisal.com 620.285.9213 Certi ed General Appraiser Certi ed www.adastraappraisal.com TSON STEEN Kansas AgriculturalKansas Land Values and Trends 2019 CHATTELS &REALESTATE & CENTRAL WESTERN KS danaadastraappraisal.com 620.792.3503 Kansas FarmKansas Management Association 303 Waters Hall, 1603OldClaflin Place Manhattan, KS66506 Manhattan, Certi ed General Appraiser Certi ed www.adastraappraisal.com AgManager.info/kfma Building Strong Relationships... ANA LONG Producing Excellence l 785-539-0373

41 SOUTH CENTRAL REGION 5,000 > 2,190 1,111 1,257 2,806 1,867 2,230 4,399 5,999 5,000 5,845 4,074 3,393 5,421 Maximum Maximum 5,000 - 4,501 944 842 628 506 1,001 1,597 1,076 2,492 2,492 3,500 3,285 3,393 2,578 Non-irrigated Non-irrigated Pasture/Hay Irrigated 4,500 Minimum - Minimum 4,001 4,000 - 1,517 1,058 1,128 1,896 1,265 1,554 1,413 3,921 4,005 4,727 3,570 3,393 3,601 Average Average Weighted Weighted 3,501 Weighted Weighted Irrigated Cropland Irrigated Pasture/Hay Ground Pasture/Hay 3,500 - 3,001 3,000 - Total Stafford Pratt Pawnee Kiowa County Barber County Edwards Comanche Harper Kingman Kiowa Reno Total 2,501 2,500 A - 2,001 2,200 1,144 2,034 1,563 2,045 3,393 1,777 3,500 4,081 6,317 1,936 2,524 6,317 Maximum 2,000 - 1,501 Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural 792 901 596 354 689 818 611 354 1,500 - 1,026 1,277 1,013 2,093 1,014 Minimum 1,001 000 , 1 968 501- 1,354 1,383 1,122 1,795 1,322 1,294 1,678 1,852 4,141 1,454 1,659 1,686 Average Weighted Weighted 2019 Land Sale Information – By County – By Land2019 SaleInformation Non-irrigated Cropland Non-irrigated <=500

0 0 0 0 0 0 0 0

7 6 5 4 3 2 1 S S County Barber Comanche Edwards Harper Kingman Kiowa Pawnee Pratt Reno Sedgwick Stafford Sumner Total Note: County averages, minimums, and maximums are only displayed only displayed are and maximums minimums, County averages, Note: for a In order sold in that county than four parcels in 2019. if greater 70% or dryland or pasture/hay, to be classifiedparcel as non-irrigated, reported Prices are fit in that category. must acres of the parcel greater acres. parcel based on weighted are Averages acre. in dollars per parcel not been independently have verified and and maximum Minimum circumstances. be subject to special may

SOUTH CENTRAL REGION 42 Kansas AgriculturalKansas Land Values and Trends 2019

43 SOUTH CENTRAL REGION Wheat 42,700 All Other Ag. Uses 722,000 Soybeans 63.5% 8.5% Pastureland 18,000 Sorghum 27.9% Primary Crops Farmland Uses Farmland Cropland Corn

698,000 A Based on NASS reported planted acres in 2019 compiled from Quick Stats from Based on NASS reported in 2019 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”

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W Leavenworth Doniphan Atchison Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural Je erson Brown Jackson Nemaha NORTHEAST Pottawatomie Marshall Riley Main livestock enterprises include in this region Pottawatomie and chickens. swine, dairy, beef cattle, County ranks fourth in the state for poultryand County Nemaha also ranks high in swine eggs. County Pottawatomie and dairynumbers operations. of the highest ranking counties with regards is one numbers. to beef cow Cash crops in this region are dominated by corn and by dominated are region in this Cash crops According with smallersoybeans amounts of wheat. Agricultural Statisticsto the National Service in and planted to soybeans were 722,000 acres 2019, irri- are in this region crops Few 698,000 to corn. gated. The Northeast region of Northeastregion Kansas is comprisedThe of 11 according of farmland, acres counties with 3,042,533 farm Average to the 2017 Census of Agriculture. forsize the 7,779 farms in this region. is 391 acres and is comprisedof 63.5% cropland Farmland 27.9% pasture.

NORTHEAST REGION 44 30 YEARSOFEXPERIENCE WITHOVERAPPRAISERS CERTIFIED GENERAL & SOUTHEAST NEBRASKA PROUDLY SERVING NORTHEAST KANSAS residential andcommercial appraisals. Specializing inagricultural, rural Relationship driven. Everest •Atchison •Horton McLouth •Oskaloosa www.mybankusb.com LLC APPRAISALS SHINN We understand agriculture. Kansas AgriculturalKansas Land Values and Trends 2019 [email protected] 785.294.1514 Ray J.Shinn

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45 NORTHEAST REGION

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2019 -5.0% 11.9% Dollars per Acre from 2014-2018 from % Change in 2019 % Change 2018 2019 4,251 2,606 Pasture/Hay 2018 4,339 2,233 2017 2017 4,045 1,978 2016 2016 4,550 2,605 Non-irrigated Cropland Weighted Average Dollars per Acre Average Weighted 2015 4,817 2,558 2015 Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural 2014 4,625 2,268 2014 Trends in Average Land Value – By Type – By Value Land in Average Trends 0

6,000 5,000 4,000 3,000 2,000 1,000 A A A A Non-irrigated Cropland Non-irrigated Type Pasture/Hay Doniphan and Brown counties had significantly higher non-irrigated land values on average, with Atchison Atchison with significantly counties had and Brown on average, higher non-irrigated land values Doniphan did not ground and hay Pasture (but with limited sales per county). counties having the lowest and Jefferson but overall at was fairly the region across consistent counties, in many enough sales to report an average have value of $2,606 per acre. an average Agricultural acreage sold in this region is small relative to other regions of the state, selling just under 20,000 of the state, to other regions is small relative sold in this region Agricultural acreage with Leavenworth sales volume, the largest had and Jackson counties Riley, Pottawatomie, in 2019. acres is non-irri- sold in this region Roughly half of the acreage County in 2019. having only 3 sales and 301 acres mostly prairie. native with the other half being grass; gated cropland The Northeast region of Northeastregion Kansas has historicallyThe rest pricesmuch higher non-irrigated than the cropland had just a 5% decline with from the previous average, on as well, been holding steadier have Values of the state. actually matchingin 2016 and being its peak 2019; in saw an increase ground and hay Pasture average. 5-year are averages has very cropland Irrigated Northeast, limited sales in the up 11.9% from the historical average. not reported.

NORTHEAST REGION 46 Total Riley Pottawatomie Nemaha Marshall Leavenworth Jefferson Jackson Doniphan Brown Atchison County Brown Jackson Doniphan Leavenworth Jefferson Marshall Nemaha Pottawatomie Total Riley Atchison County 2019 Land Sale Information Sale 2019 Land –By County Dryland Crop Dryland Acres Sold (2019) 9,310 1,552 1,160 1,333 1,562 # of Land # ofLand Tracts 831 529 793 149 770 632 Sold (2019) Sold 159 17 27 13 12 11 20 23 24 9 3 Kansas AgriculturalKansas Land Values and Trends 2019 Irrigated Crop Acres Sold (2019) 188 183 0 0 0 0 0 0 0 0 5 Total Acres Sold 19,592 (2019) 1,063 1,881 2,966 1,593 1,482 1,455 2,662 3,066 3,123 301 Pasture/Native Hay Acres Sold (2019) 7,949 2,189 2,436 1,317 767 637 325 152 41 84 0 Average Annual (2014-2018) Acres Sold 24,068 1,887 2,345 3,126 1,440 1,418 3,430 3,554 3,789 2,293 771 Tamegrass Acres Sold (2019) 2,145 103 101 343 111 203 490 261 168 343 25 2014-2018 Average Acreage from Sales % Change in2019 Total Acres Sold 106.7% -43.7% -19.8% -79.1% -57.6% -25.1% -19.1% -18.6% 36.2% -5.1% 4.5% 19,592 (2019) 3,123 3,066 2,662 1,455 1,482 2,966 1,593 1,881 1,063 301

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NORTHEAST REGION 48 Total Nemaha Marshall Jefferson Jackson Doniphan Brown Atchison County S 1 1 2 2 0 5 0 5 0 5 <=500 Non-irrigated Cropland 2019 Land Sale Information Sale 2019 Land –By County Weighted Average 501- 4,251 4,269 4,443 3,609 2,554 5,267 5,258 3,307 1 , 000 1,001 Minimum - 1,500 1,967 2,123 3,285 2,750 1,967 2,178 2,742 2,597 Kansas AgriculturalKansas Land Values and Trends 2019 1,501 - 2,000 Maximum 9,205 7,073 6,162 5,838 3,817 9,205 9,149 4,094 2,001 - A 2,500 2,501 may besubjecttospecialcircumstances. Minimum andmaximum and verified have notbeenindependently perparcelin dollars acre. Averages are weighted basedon parcel acres. greater oftheparcel acres mustcategory. fitinthat are Prices reported asnon-irrigated,parcel tobeclassified orpasture/hay, dryland 70%or if greater in2019. parcels thanfour soldinthatcounty Inorder a for Note: averages, County minimums, andmaximums are displayed only Total Riley Pottawatomie Nemaha Jackson County - 3,000 3,001 - 3,500 Pasture/Hay Ground 3,501 Weighted Average 2,606 2,510 2,615 2,654 2,803 - 4,000 4,001 - 4,500 Minimum Irrigated Pasture/Hay Non-irrigated 1,760 1,204 1,542 2,114 429 4,501 - 5,000 Maximum 6,008 3,862 6,008 3,268 3,612 > 5,000

49 NORTHEAST REGION Wheat 70,700 All Other Ag. Uses 781,000 51.2% Soybeans 7.5% Pastureland 18,000 Sorghum 41.3% Primary Crops East Central Primary Crops Farmland Uses Farmland Cropland Corn

342,500 A Based on NASS reported planted acres in 2019 compiled from Quick Stats from Based on NASS reported in 2019 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” Linn Miami Johnson Douglas Franklin Anderson Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural ey Osage Co Shawnee yon L EAST CENTRAL abaunsee W Chase Morris Geary Main livestock enterprises include in this region beef and goats. poultry, cattle, Main cash crops in this region are dominated by by dominated are in this region Main cash crops corn with smaller and soybeans amounts of wheat Agricul- to the National According and sorghum. of tural 781,000 acres Statistics Service in 2019, planted. of corn were and 342,500 acres soybeans Hay is non-irrigated. region in this Most cropland more with is also a major commodity in this region harvestedthan 447,300 acres in 2018. The East Central region of region Kansas is comprisedThe East Central of farmland, of 14 counties with 4,488,974 acres to the 2017 Census of Agriculture. according farm for size the 10,431 farms 430 acres is Average is comprised of 51.2% Farmland in this region. and 41.3% pasture. cropland

EAST CENTRAL REGION 50 $2.6M+ Annual Marketing CONTACT: JOHNWILDIN |620.474.0533 KANSAS SALESBYTHENUMBERS than daylightbreakingonlandyoucancallyourown. GREATER SIGHT Investment our ownfieldsandcaringforgenerationsoffamily land. We knowthevalueofafamilyfarmandhow WWW.HALLANDHALL.COM Overacres 130,000 to bringvalueyourtransaction. Letusputour Heck Land’s agentsbring50+yearsofworking sold, totalingover THERE’S NO Buy |SellAuction1031Transaction HALL AND $190,000,000 LAWRENCE, KANSAS66044 since 2010. 123 WEST8TH,SUITE202 experience toworkforyou. HECKLANDCO.COM SERVICES: 785-865-6266 Land Broker Website #1 Kansas AgriculturalKansas Land Values and Trends 2019 Network of Qualified Network ofQualified BEST Contacts

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51 EAST CENTRAL REGION

2019 -15.5% -11.0% Dollars per Acre from 2014-2018 from % Change in 2019 % Change 2018 2019 2,362 1,900 Pasture/Hay 2018 3,013 1,971 2017 2017 2,634 2,261 2016 2016 2,398 1,942 Non-irrigated Cropland Weighted Average Dollars per Acre Average Weighted 2015 2,890 2,263 2015 Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural 2014 3,042 2,237 2014 Trends in Average Land Value – By Type – By Value Land in Average Trends 0 500

3,500 3,000 2,500 2,000 1,500 1,000 A A A A Non-irrigated Cropland Non-irrigated Type Pasture/Hay Pasture/Hay ground saw significantly higher average values in Douglas, Miami, and Shawnee counties with Miami, saw significantly ground values in Douglas, higher average Pasture/Hay counties. and Osage Lyon, values in Coffey, lower Fewer counties in this region had enough sales to report an average value for non-irrigated cropland. For the For value for enough sales to report non-irrigated an average had cropland. counties in this region Fewer from ranged averages County $1,992 in Osage to $2,853 in Shawnee County. counties that did, Agricultural land sales were down 24.6% in 2019 from the previous 5-year average. Anderson, Osage, and Osage, Anderson, 24.6% in 2019 from down Agricultural land sales were average. the previous 5-year and Linn, with few sold in Geary, acres up the majority counties made sold in 2019, of acres Wabaunsee In grassland. are the majority sold in the East Central region of acres Unlike other regions, Miami counties. for and total grassland 72% of all accounted sale acres. up 63% of all grass sale acres made native 2019, The East Central region has seen lots of fluctuation in average non-irrigated cropland value. While there was While there cropland value. non-irrigated average in has seen lots of fluctuation region The East Central ground and hay pasture Overall, back to $2,362 per acre. decreased the 2019 average recoverysome in 2018, from with the 2019 value being 11% down average. the previous 5-year fairlyhas remained steady,

EAST CENTRAL REGION 52 Total Wabaunsee Shawnee Osage Morris Miami Lyon Linn Geary Franklin Douglas Coffey Chase Chase Anderson County Franklin Douglas Coffey Geary Linn Lyon Miami Morris Total Wabaunsee Shawnee Osage Anderson County 2019 Land Sale Information Sale 2019 Land –By County Dryland Crop Dryland Acres Sold (2019) 8,560 1,545 1,109 1,526 1,431 # of Land # ofLand Tracts 418 985 421 247 152 267 348 38 74 Sold (2019) Sold 225 30 25 13 25 14 10 22 15 48 7 4 4 8 Kansas AgriculturalKansas Land Values and Trends 2019 Irrigated Crop Acres Sold (2019) 242 182 60 0 0 0 0 0 0 0 0 0 0 0 Total Acres Sold 31,739 (2019) 1,590 4,834 2,833 1,344 3,247 1,621 1,595 4,281 1,715 6,583 847 505 745 Pasture/Native Hay Acres Sold 20,121 (2019) 3,499 4,334 1,112 1,419 1,468 1,502 1,387 3,027 424 118 353 579 900 Average Annual (2014-2018) Acres Sold 42,087 6,271 3,011 3,529 1,278 2,716 2,519 3,343 3,906 3,173 1,631 3,658 1,702 5,089 Tamegrass Acres Sold (2019) 2,817 305 124 705 380 164 256 220 129 376 62 95 0 0 2014-2018 Average Acreage from Sales % Change in2019 Total Acres Sold -74.7% -19.7% -66.4% -84.9% -58.5% -76.5% -24.6% 60.5% 19.6% 17.0% 29.3% -2.2% 5.1% 0.8% 31,739 (2019) 4,281 1,715 6,583 1,595 1,621 2,833 1,344 3,247 1,590 4,834 745 505 847

53 EAST CENTRAL REGION 5,000 > 2,790 2,810 2,569 5,110 4,150 2,339 4,557 2,918 4,044 3,660 5,110 Maximum 5,000 - 4,501 628 414 414 1,449 1,000 2,443 2,296 1,224 2,328 2,748 1,373 Non-irrigated Non-irrigated Pasture/Hay Irrigated 4,500 Minimum - 4,001 4,000 - 1,902 1,994 1,615 3,391 2,651 1,676 3,050 1,455 3,389 1,829 1,900 Average Weighted Weighted 3,501 Pasture/Hay Ground Pasture/Hay 3,500 - 3,001 3,000 - County Anderson Chase Coffey Douglas Franklin Lyon Miami Osage Shawnee Wabaunsee Total 2,501 2,500 A - 2,001 4,066 2,943 3,448 2,154 3,582 4,861 Maximum 2,000 - 1,501 Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural 949 616 616 1,500 - 1,311 1,873 2,052 Minimum 1,001 000 , 1 501- 2,148 2,191 2,411 1,992 2,853 2,362 Average Weighted Weighted 2019 Land Sale Information – By County – By Land2019 SaleInformation Non-irrigated Cropland Non-irrigated <=500

0 5 0 5 0 5 0 5 0 5 0

5 4 4 3 3 2 2 1 1 S S County Anderson Coffey Franklin Osage Shawnee Total Note: County averages, minimums, and maximums are only displayed only displayed are and maximums minimums, County averages, Note: for a In order that county sold in than four parcels in 2019. if greater 70% or dryland or pasture/hay, to be classifiedparcel as non-irrigated, reported Prices are fit in that category. must acres of the parcel greater acres. parcel based on weighted are Averages acre. in dollars per parcel not been independently have verified and and maximum Minimum circumstances. be subject to special may

EAST CENTRAL REGION 54 production. andegg poultry 2ndinthestatefor ranks County horses,in thestatefor mules, anddonkeys. Cherokee the summermonths. highest ranks County Labette during grazed cattle also large numbersofstocker beefcow for numbers.highest inKansas There are ofthe14countiesinthisregion amongSix rank the management enterprise. isthemain livestock cattle large numberofpasture acres, beef soconsequently Farmland region ofa intheSoutheast iscomprised 2018. region in withmore than452,900acres harvested rigated. Hay production tothis isalsoimportant of wheatwere planted. crops all are non-ir- Nearly soybeans, 438,500acres ofcorn, and192,400acres in2019, Service Statistics 844,000acrescultural of corn, andwheat. According totheNational- Agri cash cropsThe main inthis region are soybeans, pasture. Farmland of44.1%cropland iscomprised and49% is548acres inthisregion. the9,851farms size for to the2017CensusofAgriculture. Average farm counties with5,401,506acres offarmland, according Southeast of14 Kansas iscomprised regionThe of Cowley Butler Chautauqua Greenwood Elk SOUTHEAST Montgomery W Wilson oodson Kansas AgriculturalKansas Land Values and Trends 2019 Labette Neosho Allen Cherokee Crawford Bourbon Based on NASS reported planted acres in2019compiledBased onNASSreported from Stats Quick Uses” acreageand “Other Based onthe2017Census ofAgriculture, Ag. AllOther Uses includes “Woodland” A 438,500 Corn Cropland Farmland Uses Primary CropsPrimary 49.0% Sorghum 22,000 Pastureland 6.9% 44.1% Soybeans 844,000 All OtherAg.Uses 192,400 Wheat

55 SOUTHEAST REGION

785-532-6702 l Agricultural Economics Agricultural 620.474.0533 CONTACT US FOR CONTACT HUTCHINSON, KS Agricultural Economics Agricultural MORE INFORMATION JOHN WILDIN, BROKER from Kansas University. from State since 1912. since One of the premier extension sites for for extension sites One of the premier information on the agricultural economy, economy, on the agricultural information www.ageconomics.k-state.edu Manhattan, KS 66506 Place 1603 Old Claflin Hall, Waters 342 Providing undergraduate and undergraduate Providing outreach and extension services and extension outreach graduate education, and research, and research, education, graduate ams HALL AND HALL HALL AND ARM Dedicated to Land and Landowners Since 1946 Landowners Since to Land and Dedicated .edu/k olutions e t KANSAS SALES BY THE NUMBERS KANSAS SALES Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural -sta over $190,000,000 since 2010. since over $190,000,000 Over 130,000 acres sold, totaling totaling acres sold, Over 130,000 .k ating S e tions ksr edia 800-321-F WWW.HALLANDHALL.COM | [email protected] WWW.HALLANDHALL.COM , Gener SALES | AUCTIONS | FINANCE | APPRAISALS | MANAGEMENT | APPRAISALS | FINANCE | AUCTIONS SALES ounseling or e f ptions ecision M tions anchers e , r inancial C edia erse D al F mers dv tial assistanc ssistanc #1 edit M Annual r Website Contacts A A Qualified BEST Marketing icultur Investment Network of Exploring O r $2.6M+ Land Broker g C g egal A USD A A L onnden ansas far and their lenders C K

SOUTHEAST REGION 56 values were highest in Allen County with other counties ranging between $1,295and$2,087on withothercountiesranging average.values were County highest inAllen in value, althoughmany countiesdidnothave anaverage. enoughsalestoreport Pasture andhay ground Non-irrigated cropland withothercountiesbeingmore saleson average similar washighestinButlerCounty nativeland withtheremaining grass. beingmostly acres soldatjustover 800acres each county. for 23.6%ofsalesinthisregion Only were crop non-irrigated - Bourbon, Butler, Greenwood, counties. andMontgomery ElkandNeosho countieshad theleastnumberof to a65,388acre average in2014-2018(a32.5%decrease). In2019, ofsaleacres occurred themajority in region land salesvolume intheSoutheast hasdroppedAgricultural in2019to44,139totalacres, compared adrop in2017. from also sawanotherrecovery 5-yearincrease average. over thehistorical acres Mostagricultural inthisregion are however, grassland which Southeast intheaverage croplandregion non-irrigated The sawanuptick valuein2019, showing a24.8% Non-irrigated Cropland Type Pasture/Hay A A 1,000 1,500 2,000 2,500 3,000 3,500 500 0 Trends inAverage Land Value –By Type 2014 2,299 2,046 2014 Kansas AgriculturalKansas Land Values and Trends 2019 2015 2,216 1,903 2015 Weighted Average Acre Dollarsper Non-irrigated Cropland 2,507 1,913 2016 2016 2,304 1,462 2017 2017 2,498 1,724 2018 Pasture/Hay 2,950 1,749 2019 2018 % Change in2019 from 2014-2018 Dollars per AcreDollars per 24.8% -3.4% 2019

57 SOUTHEAST REGION 848 819 1,368 5,740 4,640 4,088 1,625 3,236 2,828 4,450 2,474 5,458 2,848 3,717 (2019) 44,139 5.1% 17.2% 26.9% -32.5% -65.5% -40.5% -72.9% -38.3% -58.6% -17.3% -52.9% -38.4% -16.5% -66.5% 112.5% Total Acres Sold Acres Total % Change in 2019 % Change Acreage Sales from Sales from Acreage 2014-2018 Average 0 49 264 300 399 119 364 235 964 118 762 742 159 104 4,580 (2019) Acres Sold Acres Tamegrass Tamegrass 2,709 1,749 2,110 4,302 2,374 7,477 3,135 4,584 7,808 1,965 8,683 7,537 6,876 4,079 65,388 Acres Sold Acres (2014-2018) Average Annual Annual Average 680 386 848 631 457 3,825 2,887 3,640 2,120 1,588 4,039 3,392 1,761 2,912 (2019) 29,164 Hay Acres Sold Acres Hay Pasture/Native Pasture/Native 819 848 2,848 3,717 2,474 5,458 4,450 2,828 3,236 1,625 4,088 4,640 5,740 1,368 (2019) 44,139 Total Acres Sold Acres Total 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2019) Acres Sold Acres Irrigated Crop Crop Irrigated Kansas Agricultural Land Values and Trends 2019 Trends and Values Land Kansas Agricultural 7 4 22 24 19 37 24 22 21 10 19 31 36 12 288 Sold (2019) 0 424 329 875 881 276 293 314 928 701 # of Land Tracts Tracts # of Land 1,615 1,354 1,081 1,324 (2019) 10,395 Acres Sold Acres Dryland Crop 2019 Land Sale Information – By County – By Land2019 SaleInformation Wilson Woodson Total Labette Montgomery Neosho Greenwood Elk Crawford Cowley Cherokee Chautauqua Butler Bourbon Allen County County Allen Bourbon Butler Chautauqua Cherokee Cowley Crawford Elk Greenwood Labette Montgomery Neosho Wilson Woodson Total

SOUTHEAST REGION 58 may be subject tospecialcircumstances. Minimum andmaximum and verified have notbeenindependently perparcelin dollars acre. Averages are weighted basedon parcel acres. greater oftheparcel acres mustcategory. fitinthat are Prices reported asnon-irrigated,parcel tobeclassified orpasture/hay, dryland 70%or if greater in2019. parcels thanfour soldinthatcounty Inorder a for Note: averages, County minimums, andmaximums are displayed only Total Wilson Montgomery Labette Cowley Butler County S 1 2 3 4 5 6 7 8 9 0 0 0 0 0 0 0 0 0 0 <=500 Non-irrigated Cropland 2019 Land Sale Information Sale 2019 Land –By County Weighted Average 2,951 3,072 2,556 2,663 2,959 3,825 501- 1 , 000 1,001 Minimum - 1,500 1,500 2,196 1,835 1,850 1,795 1,500 Kansas AgriculturalKansas Land Values and Trends 2019 1,501 - 2,000 Maximum 4,902 4,152 3,432 3,151 4,116 4,618 2,001 - A 2,500 2,501 Total Woodson Wilson Montgomery Labette Greenwood Elk Crawford Cowley Chautauqua Butler Bourbon Allen County - 3,000 3,001 - 3,500 Pasture/Hay Ground 3,501 Weighted Average 1,749 1,736 1,759 1,901 2,003 1,417 1,600 1,905 1,776 1,295 1,879 2,087 2,433 - 4,000 4,001 - 4,500 Minimum Irrigated Pasture/Hay Non-irrigated 1,200 1,618 1,213 1,103 1,004 1,128 1,803 319 886 905 538 592 418 4,501 - 5,000 Maximum 5,277 2,608 2,248 4,854 2,507 2,244 1,807 2,800 3,112 1,770 5,277 2,700 4,352 > 5,000

59 SOUTHEAST REGION 2019 Sponsors Platinum McCurdy Auction, LLC 1st Farm Management-First National Bank of Hutchinson Farmers National Company

Gold Terry Kastens-Kastens Inc. Kansas Farm Management Association Hall and Hall Peoples Bank and Trust-Farm Management Central National Bank Sullivan Crop Insurance, Inc. Heck Land Company KSU Foundation High Plains Farm Credit

Silver Ad Astra Appraisal EK Real Estate Houser Custom Ag Harris Crop Insurance ARMtech Insurance Services Mid-Kansas Credit Union Cannon, Lechtenberg & Associates, Inc. Shinn Appraisals, LLC Clock Realty & Insurance Stockgrowers State Bank

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

Interested in becoming a sponsor?

The 2020 edition of the Kansas Agricultural Land Values and Trends will ask for sponsorships to offset the cost of developing and printing hard copies of this booklet. For more information on prices and availability, contact Robin Reid at [email protected] or 785-532-0964.

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60 Kansas Agricultural Land Values and Trends 2019 FOR ALL YOUR LAND INVESTMENT NEEDS!

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