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johnk

Posted 12/22/2015 05:59 (#4978168)
Subject: belmond iowa farmland auction yesterday (dec. 21)????

ncia

I would like a report on the selling price. couldn't go watch. Thanks

hawkfarmer

Posted 12/22/2015 06:50 (#4978238 - in reply to #4978168)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

NC IA

http://sullivanauctioneers.com/auction/wright-county-iowa-land-auct...

Kornkurt

Posted 12/22/2015 07:09 (#4978265 - in reply to #4978238)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

Central Iowa

Do you know who the buyer was ?

Dave NWIL

Posted 12/22/2015 10:13 (#4978669 - in reply to #4978265)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

I was told it was an investor. No name given.

johnk

Posted 12/22/2015 07:16 (#4978277 - in reply to #4978238)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

ncia

thanks

frytownfarmer

Posted 12/22/2015 07:35 (#4978324 - in reply to #4978238)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

Frytown, Iowa

Wow. I'd say one person is pretty happy. Sounds like first auctions choice took all

Illinois Steve

Posted 12/22/2015 07:29 (#4978296 - in reply to #4978168)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

North Central Illinois

What would this ground have sold for a couple of years ago?

pilgrim

Posted 12/22/2015 07:43 (#4978340 - in reply to #4978296)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

Pocahontas, IA

As much as there is of Harps and Okoboji soils, that is an extremely strong price. Here those farms would be near the top of price range from last few years.

Cattle Feeder

Posted 12/22/2015 09:35 (#4978594 - in reply to #4978340)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

Sullivan Bros are GOOD at what they do. And that's about what they would have brought last year

clicker

Posted 12/22/2015 11:52 (#4978861 - in reply to #4978594)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

Southern IA

I agree with you, but what do they do that other auctioneers don't do well. They do a lot of promotion and keep their website updated with prices and that alone gets them lots of followers and attention. But most buyers end up being locals, what makes them bid more at a Sullivan sale than the local yodelers can get them to bid.

cows-n-crops

Posted 12/22/2015 21:14 (#4980095 - in reply to #4978861)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

NEMO

I don't know for sure clicker, but they get it done.

For one, they have a group of investor guys I think they call on if they need to get the price going. If something seems under value, they get on the phone with investors. Also it seems like they are in regular contact with investors to know who has money to spend. Just my observations, so take it for what it is worth, maybe 2 cents on a good day!

Top notch first class and professional kind of auctioneers. They are upfront and honest, if it is a no reserve auction, then you are bidding to take it home or own it. If the seller has a reserve, they let it be known before they start.

They know what stuff is worth. Start it low and let it go up from there which sure is better than to start out above where it will end and then have to back up and start over lower.

They just have a knack for it. Some things can't be explained. They will make you back their commission, and then some!!!

Ben Riensche

Posted 12/22/2015 18:15 (#4979541 - in reply to #4978168)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

Jesup, IA

I have friends that farm in that area. So when I was off seeing them we took a look. Long straight rows, black dirt, but plenty of places the water would sit and pond when things get wet. This had eye appeal, but from a production perspective, it's only place to drain was an overloaded county main tile. It would have water troubles on a wet year.

Edited by Ben Riensche 12/22/2015 18:16

Cujo1969

Posted 12/22/2015 23:23 (#4980393 - in reply to #4979541)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

Southern Alberta

The crp payment are $236/acre?

coup

Posted 12/23/2015 06:18 (#4980585 - in reply to #4979541)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

USA

Looking @ the plat map, if I owned what Loren Payne owned. I would have owned 7 more tracts when the bidding was done.

NCIA Farmboy

Posted 12/23/2015 09:07 (#4980996 - in reply to #4980585)
Subject: RE: belmond iowa farmland auction yesterday (dec. 21)????

North Central/Central Iowa

If I was Loren Payne, I would be calling the guy that just bought all 7 tracts. That's a pretty good price for today's economy.

Kooiker

Posted 12/23/2015 09:19 (#4981028 - in reply to #4978168)
Subject: RE: RE. In it's entirety at the end?

midwest - 12/23/2015 09:14 I read the sale bill. I wonder if they would have received a higher total bid if they would have offered it in it's entirety at the end?

Doubtful.

If you let someone buy the entire piece at the end that person doesn't have to bid at all until it is offered together.

And at that time a lot of the other bidders are no longer able to bid unless they get together with a whole bunch of the other bidders quickly.

Falconten

Posted 12/23/2015 13:01 (#4981452 - in reply to #4981028)
Subject: RE: RE. In it's entirety at the end?

As an attendee of the auction I would give the auction company an A+. I have never been to a sale they were in charge of but was very impressed in how it was conducted. The price was started low enough to get instant bidding. Very minimal amount of time wasted marketing the property during the actual sale. These guys assumed any potential buyer had done their homework prior to the start of the auction and additional promotion was unnecessary.

Definitely not surprised at all that the sale was over in the 1st round of bidding. Someone came to buy the farm and they got to business. Earlier posts had mentioned Mr. Payne whom owns the remaining 1/4 of the section. I believe he farmed it all at one point in time and without question could have bought the farm if so desired. If anyone knew the quality of the land he would.

Jacob Bolson

Posted 12/29/2015 14:51 (#4995519 - in reply to #4981452)
Subject: RE: RE. In it's entirety at the end?

Iowa

Falconten - 12/23/2015 13:01

As an attendee of the auction I would give the auction company an A+. I have never been to a sale they were in charge of but was very impressed in how it was conducted. The price was started low enough to get instant bidding. Very minimal amount of time wasted marketing the property during the actual sale. These guys assumed any potential buyer had done their homework prior to the start of the auction and additional promotion was unnecessary.

Definitely not surprised at all that the sale was over in the 1st round of bidding. Someone came to buy the farm and they got to business. Earlier posts had mentioned Mr. Payne whom owns the remaining 1/4 of the section. I believe he farmed it all at one point in time and without question could have bought the farm if so desired. If anyone knew the quality of the land he would.

Who is the actual buyer of the land? I understand that Jared Schmidt from Farm Financial Strategies represented the buyer-

http://www.farmestate.com/new/farmestate/

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