(edited)General
I’ve inherited a farm in Aurora county South Dakota but live in Tennessee. Can anyone give me a rough estimate of price per acre for farm land there or can you recommend a good appraiser? Thanks
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I've used Maas and Associates in Parkston for appraisals in the past. Land prices have appreciated tremendously over the past 20 years. You need a professional appraisal just to establish your new basis, even if you don't want to sell now.
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FBN's #AcreVision can show you comparable sales in the area. We'll be releasing parcel estimates this fall. To see recent sales, visit the link below then:
https://www.fbn.com/acre-vision/plat-map
1. Select the parcel
2. Click View Details
3. Click Comparable Sales
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go to commonground.io. It's a website with free tools for evaluating land and lease values
also, if you just inherited the land you should have had an estate appraisal for a ball park idea.
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the land sales bulletin is now reporting ag sales in South Dakota. www.landsalesbulletin.com
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let me know what you have please?
************ Thanks
Give me a shout sometime and we can put together a free valuation for you! ************
I don’t know where in Aurora county the land is at but if you sold it already fine but I will entertain the conversation of trying to buy it
How many acres ? Home, outbuildings ?
AcreValue.com if you set up an account can get more detailed reports. They are usually under on current market prices.
Famers National out of Oneil NE Ask for ***********
I don't know where exactly the land is in Aurora county, but if you are interested, I farm in Douglas(adjacent county to the south) and would be happy to discuss moreif you wanted.
Have you asked the current renter/tenant? Some would say that the sale price should be set by that life long caretaker (renter/farmer). The price should be something that he/she can afford to pay; not a ridiculously inflated price set by outside investors or greedy land management companies. Bottom line; the tenant should be extended the same benevolence that he/she has provided to the land and...
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I own a farm management and real estate brokerage company and manage some farms not far from there. I'd be happy to help you out if needed.
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Have an opportunity I would like to discuss
looks like average is 115 per acre.
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Thanks *******, I should have been more clear. Looking for estimates of sales price per acre not rent prices.