America’s Land Auctioneer
Captivate and celebrate the dynamics of rural America, American Agriculture and inspire and teach others how to live a bold and abundant life in rural America. Background: The intrigue, endless opportunities, and romance of rural life in America have never been more on the minds of Americans. The recent pandemic and civil unrest have Americans of all ages earning for a more peaceful, less hectic life. Even billionaire Bill Gates is now the largest crop landowner in America. As many Americans look for peaceful refuge in the rolling hills and wheat fields they are faced with a richness of opportunities. But where do you begin to look? This show will highlight and feature endless opportunities in every state. What is it that is so unique about rural America, the land and what it produces? How can I live that life? The American Land Auctioneer will tell stories and weave into those stories a place for you to dream, live and enjoy the abundance of all that rural America has to offer.
America’s Land Auctioneer
Mid-Year Market Analysis: Tracking 2025 Farmland Trends
Halfway through 2025, the agricultural land market across the upper Midwest demonstrates remarkable stability despite economic headwinds that might suggest otherwise. This mid-year analysis reveals how 150 parcels representing 35,000 acres have sold at an average of $4,300 per acre—maintaining the strength shown throughout 2024 when many expected a downturn.
The regional variations tell a fascinating story of American farmland values. Premium Red River Valley parcels command up to $12,000 per tillable acre while challenging properties bring $3,000 an acre in the same general vicinity. What factors create this dramatic price spectrum within seemingly similar geographies? Our experts break down how soil types, drainage patterns, productivity history, and even micro-climate conditions impact valuation in ways casual observers might miss.
Perhaps the most surprising market development comes from western ranch country, where grassland values have surged 10-15%. With cattle markets reaching historical highs, grazing properties that historically fetched $1,200-1,400 per acre now regularly exceed $1,800. This demonstrates agriculture's cyclical nature—as row crop economics face pressure, livestock operations gain purchasing power.
The psychological impact of weather continues to drive market sentiment. A significant drought buster in mid-May transformed western Dakota auction results almost overnight, highlighting how precipitation patterns remain the ultimate market mover in agricultural communities. While modern farmers deploy sophisticated technology and financial instruments, Mother Nature still holds the ultimate leverage.
The buyer pool has evolved since the frenzied markets of recent years. While attendance remains robust, active bidders have decreased from 20-25 per auction to single digits in many cases. Online participation continues to strengthen, and investor presence has increased compared to 2022-23. Yet the fundamental driver remains constant—quality land commands premium prices from buyers who recognize its long-term value.
Looking toward the second half of 2025, several extraordinary properties are coming to market, including Black Hills parcels with direct views of Mount Rushmore and bordering Custer State Park. Visit piperscom to explore these opportunities and subscribe to our podcast for continued market insights from America's Land Auctioneer.
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Contact the team at Pifer's
Welcome to America's Land Auctioneer. I'm Steve Blink from Piper's Auction and Realty, joined by Andy Murnauch. Thanks for spending your 4th of July weekend. Can you believe, Andy? We're halfway through the year, 4th of July weekend, and I want to thank our listeners for wherever they're at this Saturday morning, If they're on a lake, if they're on a golf course hopefully they have us live. If they don't have us live, of course, they can always go to our website, go to piperscom, click on the podcast tab and you can listen to any of our past episodes on America's Land Auctioneer. Or you can go to Apple and Spotify. So again, this program is brought to you by Pfeiffer's Auction and Realty and Pfeiffer's Land Management, Offering free consultation on farmland or equipment professional farmland management. Our proven experience keeps giving back to our ag community. Andy, how are things going for you?
Speaker 3:Good, good, happy 4th of July, 249 years. Next year's the big 250.
Speaker 2:Are you already planning for a big celebration on 250 years?
Speaker 3:You know, in this part of the world, in the Western Dakotas, I would say that the majority of the activity is probably going to be put around Mount Rushmore.
Speaker 2:Sure, yeah, I agree with that. You know the Fourth of July weekend is one of my favorite holidays. I just think it's a time that we've always spent with family one way or the other. When my grandma was alive, we'd go to Bismarck and spend the Fourth of July in Bismarck and watch the fireworks at the Capitol there, and there's nothing more wholesome than than that. The parade in Mandan is is is a really neat experience for for people to go to that parade. And so what do you? What do you typically do? Andy is a really neat experience for people to go to that parade. And so what do you typically do, andy? Oh, andy, first introduce yourself what your role is at Pifers, where you grew up. Give me a little bit of background, because you've been on the show many times, but I think some of our new listeners. It'd be really interesting to hear a little bit about yourself.
Speaker 3:Yeah, well, it's Fourth of July weekend and we don't own a boat, so we're going to hang out a little. We've got a lot of sales coming up here, so you know, before and after the holiday we're basically on the road. So we decided not to travel this year for the 4th of July. But I've been with Pifers for pushing 19 years now, and so that tells me how old you are, steve, not how old I am. It tells me how old, how old you are, because, uh, you were, you were there when I got, when I got here too.
Speaker 2:Yeah, I think I was just. I think I just got my driver's license, though when you got here, right Huh.
Speaker 3:Well, if you didn't, I for sure did so. Uh yeah, I've been with Piper's for with, and you guys have all been fantastic to be side-by-side with in this venture as we continue to build something pretty special. I'm born and raised and hail from Bowman, north Dakota, where we own and operate the Pifers Regional Office right here in Bowman, and my partner, jim Savvy, and I have been together for, like I said, almost 19 years, so it's been quite a ride Really. Hail from a tremendous family operation. We operate a livestock operation, purebred cattle operation, with the commercial side. I also have a commercial feeding operation as well, so that, in tandem with the grain operation here at the Murnauch Ranch just south of Bowman. That's pretty much where I grew up. I'm as embedded into agriculture as you can get. I graduated college at Oklahoma State University back in 2006. So, and I've been with Pipers ever since.
Speaker 2:Does it bother you as much when people confuse Oklahoma and Oklahoma State as much as it does for me as NDSU and UND?
Speaker 3:I didn't know, people got them mixed up. That's right, that's right and I'm not, you know, I'm not in the middle of the uh, the ou osu uh rivalry and there really isn't a rivalry anymore because, oh, you switched over and went to the sec. So you know, that was kind of like back in the day when, you remember, ndsu made the jump up in the division and you indeed didn't follow and all of a sudden that rivalry disappeared. You know, and hopefully someday we can rekindle that rivalry.
Speaker 2:But, um, but you know, the last of the bedlam matches was were were incredible down in oklahoma yeah, so you mentioned growing up on a farm and continuing to be a part of that, that operation the cattle and the farming. How important do you think that is on your today, your day-to-day work? How important is it that you have that experience?
Speaker 3:I think it's an incomparable and unmatched If, if to be in this business. We work with uh egg producers every day and that's 99% of the uh of our clientele and our customers that we work with. You know, if you, if you don't have any experience operating the equipment that you're trying to, that you're trying to offer to the public, it's pretty hard to give a you know your own opinion of it. It's pretty hard to give a sales pitch on that specific item, you know. So if it comes to a John Deere sprayer or John Deere combine or a New Holland combine, you know we've owned a lot of those individual items ourselves and we've operated them for years and without that experience it's really hard to give you know, to give a one-on-one analysis of any individual piece of equipment.
Speaker 3:Now, when it comes to the land side, same thing you know we've been in the land management business for a lifetime. Or you know our operations over a hundred years old, and that's what we do is we manage land and if you have the ability to have a one-on-one, you know direct connection with that, then we're in great shape. You know you have the ability to connect with your buyers and if they're asking about you know what stocking rates are on pastures. It's really hard to fumble your way through that if you don't have any experience in the business.
Speaker 2:I agree, and that's one of the things. I agree, and that's that's one of the things. So I you know you get asked a lot about capital gains tax and and REITs, real estate investment trusts, and 1031s, and and I personally have have done each one of those, and the new hot topic is 180 tax deduction. The new hot topic is 180 tax deduction and um, and so I'm trying to go through some of that on some of the land that that I own, so that when people ask me questions about it, I can give them, um, not only proper answers but but but real life experience on that, and I and I, and I think that that's so important. Andy, you're married kids how many kids do you have?
Speaker 3:You have two beautiful kids, three and five.
Speaker 2:So that keeps you grounded as well, too right.
Speaker 3:As much as possible.
Speaker 2:Yeah, that's right. That's right. So, preparing for the show today, I did a little search on it, since we're halfway through the year to kind of talk about where we've been, and then later on in the show we're going to ask Kara, our marketing director, to talk about a few things that are coming up and some awards we've gotten in the past too. So I'm excited to have her on in the next segment and to talk about that. And then I'm going to ask you, as we go through this show too, some of your highlights of the first half of the year. And then I know we have some tremendous land options that are coming up um later on and machinery auctions, and so I'm going to ask you to go go through a number of those in the in the segments um coming up.
Speaker 2:But the stats one of the stats that I that I pulled from from our company so far in 2025 is we sold 150 parcels so far this year, 150 parcels representing 35,000 acres, and an average an overall average is is is 4,300 per acre and that's been in Minnesota, north Dakota, south Dakota, nebraska. We've had some sales in Nebraska and some sales that we've touched on in Eastern Montana, and so that's kind of our trade area? Out of all of those so far this year, what's your overall take on the first half of this year, andy?
Speaker 3:Well, I think it's pretty safe to say that we have just completed the first half of probably the best year that we've ever seen, and it doesn't mean that every sale has broken records like we've seen in years past, right where the market continually and was steadily climbing.
Speaker 3:Those are exciting times too. Those are exciting times too, but for all economic indicators pointing the directions that they were pointing as we entered into 2025 and following a really, really good 2024, having it level off a little bit more extreme than it did, and, in my opinion, we basically took the first two quarters and continued what we saw for the entire year of 24. And so the steady market as it has been, I see, as much strength and confidence both on the land side and on the equipment side, with all economic indicators pointing the other direction, you know, between interest rates and between net farm income changing. You know, over the past few years, seeing a reduction in overall government influence into the farm programs, into the farmer's pockets, direct pockets it just didn't seem like anything was going to keep pushing this market the same direction it had been and, as of right now, I don't see any downturn and it doesn't look to me like we're seeing much softening for the future. It's pretty refreshing to say that we've finished two extremely good quarters.
Speaker 2:Some of your conversations with the buyers you touched on that the interest rates, the input costs of farm profitability. What do you think the number one driver of maybe some hesitation on some of the buyers is? Is it that or is it a combination of those things?
Speaker 3:You know, I think North Dakota, you know, this time of year probably the biggest concern for all the producers that I deal with on a daily basis. It really comes down to weather, you know, and weather affects our internal confidence level as much as anything. Going into the first part of May, western North Dakota seemed to be in probably as extreme of a drought as we could have anticipated and that was really tough to swallow for a lot of guys. Big drought buster come around the 14th, 15th of May and pretty much took everybody out of that mentality, out of that mode. Sales immediately following that were as strong as we could have asked for and I believe that that momentum has continued. Now we're getting into July, starting to dry out a little bit again, starting to see a little bit of that pullback as far as the mental focus is, but I think all in all we start catching a few more rains. Weather is probably going to have as much change in the market as we could anticipate.
Speaker 2:Yeah, and I think I agree with you, and maybe later on in the show we can talk about some of the weather events that's happened throughout North Dakota here and it's just incredible with all the crazy weather we've had and how it's affected some people's lives. So we're coming up to a break here. Again, I'm going to ask Kara Zastrow to talk about our marketing opportunities that we have coming up on this next segment. So, as we close out, I want to remember for all your auction expertise or farmland management, turn to Piper's Auction Realty and Piper's Land Management. Where experience meets results, right, andy? We just talked about that, the experience that we have. So, listeners, stick with us. We've got a lot to cover here in the next three segments. We'll be right back after these.
Speaker 2:Welcome back to american land auctioneer. I am steve link with our co-host, andy murnock, and we're unpacking the 2025 trend so far. This uh, halfway through the year. Again, you can go back to our past episodes on Piferscom. Click on the podcast tab and search for America's Land Auctioneer there, or go to Apple and Spotify at any time and go to the past episodes. I want to thank Pifers Auction and Realty and Land Management, your go-to team for equipment sales, farmland and asset management. All right, the second segment. We invited Kara, our marketing director, on to talk about what has happened so far in 2025 and some exciting things that are going to happen later in the year. So, kara, introduce yourself. Who are you? You've been on the show in the past, but for new listeners, tell us a little bit about yourself.
Speaker 4:Yeah, I'm a city native, so farmland and agriculture is not wasn't my strong suit at first, but being here for nine years and now the marketing director for Pfeiffer's, it's been eye-opening to learn about an industry I wasn't familiar with, and so with that, some fun news happened yesterday where we got an e-blast from the Land Report, which is a magazine nationally here and Pfeiffer's again. Year after year, we've won this award, but we are one of the top auction houses in 2025. So we just got that news yesterday, which was great to hear. We were in the last hard copy issue, but it's on the digital version as well, and so that was a really exciting thing to hear about yesterday, going into the long weekend, and it's just a great honor to know our team keeps being recognized for this award year after year, and so we just keep it, keep the trend going and, along with our fall catalog, our annual publication which gets printed and distributed in early September we always gauge to have it in hand by Big Iron, which is September 9th through the 11th this year, and we are excited to announce that we are actually going to be printing at hard copy again and we are going to be printing about 10,000 copies.
Speaker 4:We have a digital version that we send out with about 50,000 people we have on our e-blast list and this is the only publication that we allow outside advertisers to advertise in, and this is the only publication that we allow outside advertisers to advertise in. We are also mailing some out to land auction attendees. We're mailing them out to banks, law firms in the Midwest and we're also doing a flyer insert with our partnership with the Fargo Forum in the Farmers Forum. That's the Wednesday supplement of the ag issue inserted in the Fargo Forum Wednesday paper along with Ag Week. We did this flyer last year and we had great results where people were calling and asking for a hard copy.
Speaker 4:So if you're interested in advertising in our fall catalog, you can call me at 218-477-3010, or you can email me at Cara that's C-A-R-A, at Pifers P-I-F-E-R-Scom. If you're listening and you're a bank, if you're a law firm, this is a great opportunity to get you guys' name out there because we have people that are going to be seeing this from buyers, sellers, people that could utilize your business for anything they need ag-related, your business for anything they need ag-related. And if you are a seller on the fence, you can call a Piper's representative, or you can call myself too, if you'd like but from an advertising standpoint, for advertising your land, if you are looking to get into this annual publication, probably a Piper's representative is the best to go to. Depending on what region you're in, you can visit piperscom and kind of see which region agents are in your region. So, yeah, just get that on your, on your radar, and so we're excited to get a get this going again this year.
Speaker 2:Well, okay, kara, that was a lot to unpack, you do an amazing job.
Speaker 2:You do an amazing job for for Piper's and and and, and we love your enthusiasm. So so those listeners, if you have a chance, go to land report, go to land reportcom I'm assuming that's their website. Their publication of magazine is is a nationwide magazine and they have tons of good articles and then you know a lot of advertising in there for ranches out west and farms out east and such, and so that land report it also publishes every year the top land owners in the nation and so if you have interest in that, the land report is a great publication on it. Yeah, we've been fortunate. We've known them for that organization for a long time and we've always respected them and that kind of catapulted us into when we have been doing our fall catalog. We really like to mimic what they put out there because it's such an impressive magazine and so the fall catalog is something we do every year, correct, kara?
Speaker 4:Yes, yep, so we like to start around June reaching out to our outside advertisers. I know our agents are out and about trying to drum up some, some clients to be in the fall issue as well, and so, yeah, it's just kind of a process or a progress project that we have been working with for since I've been here and I think, with it being a lot of anniversaries and big names, so it's our fifth anniversary for Sioux Falls, our office opening up, we got our 20th anniversary of our Western Dakota land auction events this year and it's 25 years in business for Piper. So this year has just been really exciting for a lot of big news and events going on in our company.
Speaker 2:So and that's and that's what I was going to. I was going to mention, you know, that publication. When I travel and I go into banks and I go into law firms and I go into people's houses, I will see. I will sometimes see the land report and I'll see our Piper's magazine sitting in their office in their waiting room. I'll see that time and time again, or a lot of times, it's just our publication, our fall catalog, and I think that that's really impressive and important for sellers that are thinking about selling.
Speaker 2:It's a great marketing tool that we utilize and that they can take advantage of because it goes out to so many people. And you know there's some that might say that some of that print advertising is old school, but old school works and a lot of our buyer clientele loves to pick up a hard copy of something and utilize that. So I'm really impressed with that product that you guys in the marketing team put out for us and it's a lot of pressure on Andy and myself to go out there and get good quality pictures because that certainly helps you when we can highlight it. It's helping that it's raining out west, right, andy? Is it pretty green out there right now or is it dry?
Speaker 3:It's still pretty green, but we're starting to see it go backwards a little bit. So the grass is starting to crunch under your feet now. But I was down in the hills, uh, getting some more footage for the property that we're selling here in july and it looks as beautiful down there as I could ever, you know, you could ever ask for. So all the new footage carrie's been working on that here the last few days, so it's all being published as we speak.
Speaker 3:So the difference between the last time you're out there to this what last week it's nine day, it's beautiful out there maybe that's a new fall catalog cover potential there, yeah, and we thought it was green when we went there the first time.
Speaker 4:And now you really see the difference between uh end of june versus the uh, you know end of april well then you got that picture of mount rushmore in the distance and I like, zoomed up on, I'm like I'm pretty sure that's mount rushmore. So if you want to go to piperscom and check out that picture, it's the front cover picture of Andy's. Custer County, south Dakota auction.
Speaker 2:Yeah, there's nothing more than 4th of July that speaks louder than Mount Rushmore and that sale that's coming up, and I can't wait, andy, we're going to get into a lot of details on that sale in the coming segments. Carrie, you got one other quick big life event that's that you should announce over there. You, you, you're engaged this year, right?
Speaker 4:Yeah, yeah, my, my fiance and I have been together for nine and a half years. It's an ongoing joke. He wanted to try to get married before we hit 10 years, but our venue was booked that week, so we ended up pushing it back a week. So it's 10 years and a week being together and getting married in Fargo here, where I call home, even though the cities are my roots, but Fargo is my forever home now. So I'm very excited and hopefully you and Andy can make it out here and enjoy the fun well, congratulations.
Speaker 2:And so the next time when, when we have you on, you might, or later this year, you might, have a different last name. On, on, on. On the. On the tagline.
Speaker 4:That's going to be the weird adjustment. I think is especially the signature part. I'm like I gotta probably start practicing that now.
Speaker 2:All right, we were running short on time again and uh. So, kara, thank you for being a part of this segment and uh and we'll, we'll, we'll, have you on a future, future uh show. So, as we close out this segment again, remember, go to pyfers auction, uh, or go to pyferscom and check out all our upcoming auctions and and our farmland managers are on there. Uh, go to pyfers auction and realty and pyfers land management for experience. We'll be right back after these messages. Welcome back, I'm.
Speaker 2:Steve Link with Andy Murnock on America's Land Auctioneer, we have been going over the first half of 2025. In this segment we're going to go over some really detailed specifics on some of our land sales. Again, if you've missed any of the beginning of this episode or past episodes, go to Piferscom, click on the podcast tab or go to Apple and Spotify and search out America's Land Auctioneer. Pifers Auction and Realty and Land Management are, here again, experts in auctioneering and farmland management statewide. Go to our website and if you're thinking about doing anything, go to our meet our team tab and make sure you contact one of our representatives. We'll come out and do a free consultation.
Speaker 2:So, andy, I thought we would go over some of the land options we've having and kind of break it down. Maybe start east and move to central North Dakota and then end out in the western Dakotas and kind of talk about what we have seen specifically in the first half of 2025. And I'll start out on the eastern part, in the valley, on both the Minnesota and North Dakota side. For those listeners that are outside of the area, you know we affectionately call this the Red River Valley, and the Minnesota and North Dakota side are really similar in the landscape. They're really similar in the productivity. They both have parts that are really heavy gumbo muck and they go out to some really fertile land and then they get out into the sand beach ridge where you start to see a little bit more sandy, you see a little bit more pothole-y and then you have that alkali areas that creep in in different parts of the land up and down the valley and all of that affects how the land will sell. We talk about the interest rates, we talk about the farm profitability and all of that, but it really comes down to the land itself and really truly analyzing how marketable it is.
Speaker 2:And there's nothing more evident that when you're talking about the valley, everybody assumes that it's universal, that from from the south dakota border or even for a little bit further south in the south dakota border, up all the way up to the canada border and and 30 miles on each side of of the border, that all of the land is uniform and the same. Now you can have quarters and you can even have sections that only have one or two or three different soils in it and very little topography change, and so within that section you're going to see a lot of just same attributes. But when you are comparing from even you know a section over, you're going to find different dynamics, even though it looks uniform. You're going to find different soils, you're going to find different drainage, you're going to find a lot of different things. And so when we talk about what land is averaging in the valley, the eastern part of the state, you can only get an average if you have really high sales, if you have some low sales and then that makes your average right, andy. And so the high that I see is we had a couple sales that again up in the Pemina County, up in the Northern Valley, that hit up over 11,500 per deeded acre, came up over 12,000 per tillable acre. Those are kind of the highlights. We got over into the Minnesota side in Clay County. We sold some land there for 10,500 an acre. Again, that brought it up over 11,000 per tillable acre in that. And then he got all the way down to some land that they're selling in that $3,000 an acre and I, you know, and I think that that is the range that you're going to see here, to see most, you're not going to see very much land in the valley that's going to be really below 5,000 an acre, but every once in a while you'll find some pieces that are tough. That will be in that 3,000. And that is really probably within five to 10 percent been the same as it was in 2024.
Speaker 2:We're not seeing a lot of gyrations in the land market now. There's always those exceptions. There's something that people have coveted for a long time or the neighbors have always wanted that and they may push it a little bit higher, like we saw in that Clay County land where that'll bring that nine to ten thousand, where most of the land in the area is bringing that eight to nine thousand. You know it brings another, another thousand dollars an acre and but for the most part buyers are analyzing it based on productivity. How many years out of the last five years, 10 years, are they getting a crop?
Speaker 2:So they get crops on it every year. Is it prevented, planted, is it heavy gumbo, is it fine? A little bit more fine soils on it and that's bringing the premium some of the better land. But good participation on the Eastern part where two years ago we had, you know, 20, 25 active, solid bidders, we're probably down into the single digits that are active bidders on it. We have more people that are showing up than that, but some of them are just watching. Some of them are just analyzing what their land holdings are worth, and that's what we're seeing in the eastern part. Andy, you watch all of our sales. Is that kind of a fair conclusion on the eastern part, in the valley?
Speaker 3:Yeah, I think it's very fair and I think your last comment actually stretches all the way from east, all the way to west and, I believe, north to south as well. I mean deep into Kansas. I was talking to some guys in that part of the world too. I think they're seeing the same trends which you just said. Kind of hit the nail on the. You know on the head. You've got the the same same auction settings, you've got the same type, you know type and style and kind of properties across the region and it's the same buyer base.
Speaker 3:It's always shown interest in the real estate market. However, I believe that there's less active bidders, less registered bidders at the table, even though the crowd may be the same. We are seeing a really good presence on the Internet for online bidding. We've increased the amount of investors who have now entered into the market versus what we saw probably in 22 and 23. And moving from you know, across our region the perception of value on each of these properties hasn't changed and in fact, in some cases it's increased, but there are less buyers in the market.
Speaker 2:Yeah, I know, and we just had a sale. It's Southwest of Fargo, it's not in the heart of the Valley, it's on the, it's on the ridge. One of the parcels brought 6,000 an in the heart of the valley, it's on the, it's on the ridge. One of the parcels brought six thousand an acre. One of the parcels brought seven thousand an acre.
Speaker 2:Well, if you analyze that, compared to some of the past sales that were all in that seven to eight thousand, maybe eighty five hundred an acre, your, your first conclusion would be like well, that that that sold a little, that that sold a little light. Well, when you break it, one of the quarters that sold for $6,000 an acre had productivity indexes in the high 60s. Um, it wasn't in the seventies, it wasn't in the eighties, it wasn't, uh, it was in the in the high sixties. It had a little bit of a sandwich, it had a little bit of alkali on it. I think that buyer, that farmer, is going to do really well with it. Um, but it just was evident there we had a room full of bidders and buyers and people that have bought in the past and and they concluded that that was um, what, what it was worth. And I tend to agree with them.
Speaker 2:The other parcel was a little bit laid a little bit better, had a little bit better soils on it. It was in the mid 80s and that sold for 7,000 an acre Good access, and I think that that was, you know, and it's a little bit of an unusual time for us to be selling active good farmland in June. Historically, before COVID, we very rarely had a sale in the mid-summer and we would typically have them in the early spring, late winter or in the late fall. Early winter was historically our best time to sell and I think that that's true going forward. What do you think, andy?
Speaker 3:Yeah, without a doubt. I mean we've got a lot of great sales coming up, some good egg properties coming up here in July and I think they're going to be really strong sales, given the type and kind and quality of the properties, and we'll talk about them here in the next segment. But historically we've always tried to offer agricultural properties and agricultural equipment when the egg producers have the most capital in their pockets, and that's in the spring and in the fall.
Speaker 2:So in the central part of the 160 acres on it, and and so you'll you'll find sales that we've done up to nine thousand dollars an acre, which was a record breaking sale in South Central North Dakota all the way down to six hundred dollars an acre South Central North Dakota, all the way down to $600 an acre, and you know, and that's probably pasture that has a lot of water on it, and so you'll see that big of range and I think it's really important, if you are selling, that you are analyzing what you have to sell so that you're prepared for what the bids are going to come in. I think our seller profile on some of that is indicative that they are estates that are selling and so they are. When it's $1,000 to $1,500 an acre, that's what they're expecting and they're excited that that's what they got on it. What are you seeing in the western part of the state?
Speaker 3:Western side of the state. It's been really exciting this year and the main main focus is probably the the big push behind grassland. We've always said commodity markets is one of the biggest key factors when it talks to or when it comes to depicting what the land market is. And in the last few years we've seen as strong of a livestock market as we ever have in history and it's really starting to show on the grass side A lot of demand for grass leases, as Dwight could attest, through the land management side of Pifers.
Speaker 3:But the land sales and land auctions that we've had that have pushed on grazing properties has really, really increased and we've seen the value take probably a 10 to 15% hike in certain areas. First part of May we had a really nice ranch for sale up by Sentinel Butte 3,000 acres and you know I would say historically that would have been a $1,200 to $1,400 an acre property. It really was Really nice property in that part of the world Topped out at $1,800 an acre average for a really, really nice auction and that's a lot to do with what the livestock market's done in the last couple of years.
Speaker 2:All right, andy, thank you for that and I think we want to touch a little bit more on that in the next segment. Again, for any questions on upcoming sales or past sales or if you want to talk details about it, go to pyferscom, look up one of the representatives, give them a call on anything on land management. We're the land experts. We deliver results. We'll be right back after these messages 35,.
Speaker 1:I'm going to get an email 35 and a half so we'll be right there. Give birds a straight bye.
Speaker 2:You're listening to American Land Outs. Here I'm Steve Link with Andy Murnack and we're on our final segment. This time has gone fast. Go to Piferscom, learn all about us. I won't get into that. I've gone over that a few times in this show because we are short on time and we have a lot to cover here. Andy andy, you were talking about some of the results in um in in western north dakota and the grass production and in all of that and I kind of cut you off you had a great sale. Any other, any any other sales in western north dakota you want to highlight?
Speaker 3:yeah, you the the grazing properties really started up in Dunn County back in April too. We had a tremendous or shoot that was back in February already way back in February selling grassland and some cropland up there, averaging $2,300 an acre on 1,200 acres in Dunn County and that really kicked off what we saw as far as grazing properties bringing. You know are seeing a substantial increase in value and across the board there's probably as much strength in the market and in grazing properties as there is cropland. Cropland's always got the you know, the upper hand and the strength in the market. But it's really been refreshing to see what's been happening on the grazing properties itself and obviously it's caused wholly in part by what we've been seeing in the commodity markets on the livestock side.
Speaker 2:All right, let's talk about what we got going on in July, because we got a lot of stuff going on starting here already. Next, this coming week, here in July 9th, you're going to be in Buffalo Gap, south Dakota. What do we got going?
Speaker 3:on. Yeah, we're taking off tomorrow. We've got open houses on the Spring Ranch right outside of Hermosa. We're going to be there on Monday and Tuesday, the 7th and 8th of July, showing off the 839-acre property that's coming up on the 17th. We'll talk about that here in a second.
Speaker 3:The following day, july 9th, we are going to have a tremendous little equipment auction right outside of Buffalo Gap, south Dakota About 12 miles down gravel to get there, steve. It's out there quite a ways, but I'll tell you what. Right now it's one of the coolest settings that I've seen in all of South Dakota. You're sitting right on top of the River Ridge, of the Cheyenne River, and it overlooks this beautiful valley and right now it's as green as you could ever ask for in that part of the world.
Speaker 3:Really really nice sale. Lots there. There's lots of small items at this sale. This is an estate auction, so we've got got two families basically brought their, brought their equipment into this, into this single event or, and we've got really nice tractors, lots of great livestock equipment. But on the backside, for all of the folks that are going to join us live because this is going to be a live on-site auction with simulcast online bidding for just the main items. Probably four hours of small items that have, you know, really good value. Lots of good motors, antique cars, lots of good livestock equipment, shop tools, equipment. We basically have an entire operation to clean out because they sold the farmstead.
Speaker 2:Nice. And then later on that week we have some Towner County land 160 acres. Go on our website. Look at the deer that they have on camera there. It's a good little hunting piece. I think the buyer of that is going to have years and years of enjoyment on that. And then we had July 16th. We get to do a live auction up in Benson County 400 acres right there we're holding the sale in Devil's Lake and that should be a really good sale with cropland. And then the marquee of July the July closes out July 17th. The Custer County, south Dakota land that we've touched on this whole show. Tell us some details on that, andy.
Speaker 3:You bet this can be an online-only auction. That closes out one o'clock mountain time on July 17th in Custer County, south Dakota. We're going to be on site from the 14th to the 17th offering direct tours of the property, last-minute tours before bidding you can bid at the ranch. We'll have a computer station set up. We'll allow you to bid there, get you set up on the Wi-Fi and if you have your phone, you want to bid on the final seconds. If you get out, bid on something, we'll take you for a quick tour again. We'll jump on a side-by-side go look at another piece and we're going to keep the auction running.
Speaker 3:It's going to be a tremendous, tremendous event. It's probably one of the top three, most parcel one. We've said it a thousand times, but you have a direct view of Mount Rushmore. Tremendous building opportunities on parcels one through nine, anywhere from 40 acres to 160 acres deep in the heart of the Black Hills. The western edge of the entire ranch is the Custer State Park, so you've got direct access to the park. The LH road goes right through this property and the park entrance is. Lh road goes right through this property and the park entrance is literally, you know, anywhere from 10 feet to, you know, a half a mile from whatever parcel that you're going to buy.
Speaker 2:Fourth of July weekend. There is nothing more American than that. That's awesome. I'm excited for that sale. I can't wait to see the results on that and I hope you have a good time showing everybody that property Later in July. Ending July 22nd, we are selling six parcels that range from an elevator that is not in operation in downtown Horace to farmland that is really good quality farmland up in the northern part of Fargo, and that property is coming on an online sale ending in July. And then we have another land sale in Divided Williams County, North Dakota, and then the Classic Car Auction there in Bowman. So I want you to touch on those sales there, Andy.
Speaker 3:Well, the Classic Car Auction itself is really built into something special. I'm sitting in our office right here in Bowman, in the regional office here in Bowman. The auction is going to be on Main Street during one of North Dakota's largest car shows and that's been building up here for a few years, right here in Bowman. Right, if I look down over the balcony here, I can see a 2008 Ford Mustang Shelby GT 500, cobra, and that car has got 2,053 original miles on it. Beautiful car. We've also got a 1990 Chevy Corvette ZR1. That car has 4,000 original miles on it. Neither of these cars have a single blemish on them. They are number ones. They are excellent, excellent cars and ready to find a new home.
Speaker 3:We also have a little barn find coming from Buffalo Gap, south Dakota. It is the 1968 Chevy El Camino and that is a cherry cherry ride. We're also looking at a 2017 Dodge Challenger. I've got a 2015 Dodge Challenger inside our office as we speak. These cars are coming in left and right. There's going to be about 40 lots and that's all happening on Main Street, bowman, north Dakota, and I believe that's July 26th. Does that sound right, steve? July 26th? Saturday, july 26th, at 11 o'clock.
Speaker 2:Yep, and again remind people if they cannot make it for the sale, you're going to have that. Sign me, cast it online so they can bid. They can come and preview it if they want to the cars at any time. Coordinate that with you and then bid online during sale, right?
Speaker 3:Absolutely On any of our upcoming auctions and all of our past sales. You can see all of our past auction results at pyferscom, but you can see all inventory updates, pictures, photos and, of course, online bidding at Piferscom as well as our other internet broadcast platforms.
Speaker 2:All right. So that was a lot of July. I think we have another land auction at the end of July in Kitson County, minnesota, and 7.86 acres up in Williston on July 30th up in Williston on July 30th and then another equipment sale in Albany, minnesota, and a land auction in Pierce County, north Dakota. So that really summarizes what we do. We're all over the upper Midwest selling land and equipment and classic cars and you know, on some of these estate sales you'll see guns and you'll see hunting stuff and you'll see four wheelers and trailers and you know you name it. There should be something for everybody.
Speaker 3:Yeah, without a doubt, lots of great sales coming up again. Just get on the website Piferscom, you can see our complete inventory details on all upcoming auctions, land auctions, everything. That sale in Albany, minnesota, to round out the end of July is going to be a really, really nice sale for the Lock-In family. And you want to talk about some good, low-hour, well-maintained, high-horsepower tractors? You know we've got a Case IH400, modest hours on it. There's a couple old Magnums on there, the 7220 and really cherry shape. I tell you what it's going to be a small sale but a really, really nice one, steve.
Speaker 2:You know so well, we are out of time for this show and, Andy, I want to thank you for coming on and telling us a little bit about yourself and highlighting all these sales. You know I in my opinion I know I'm biased there's nothing more than American than than what? Apple pie and parades and auctions. Auctions are just about as American as you can get and go into a land auction or machinery auction. You know you come home and there's no better feeling when you spend the day doing that. Bring your family, bring your kids. They're a ton of fun. So again, go back to Piperscom and see all that. Thank you, listeners. Have a wonderful fourth weekend, be safe out there and come back next week and listen to the next episode of Client Auctioneer. Have a good one.