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NW Iowa land auction, $20000 an acre!
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Stormwatcher
Posted 12/8/2011 14:21 (#2091746 - in reply to #2091687)
Subject: Re: NW Iowa land auction, $20000 an acre!


WCMO-SWMO Area
starvation - 12/8/2011 13:27

I have a friend that knows and talked to the cryer, the man that bought this is a sto dairy farmer 50+ cows , farms 240ac, ok the 2nd to the last bidder has steped on the toes of the buyer for yrs, from rent or buying land he had or wanted, ( not only that but I will say no names but anyone that knows who the 2nd to the last bidder, knows he is a prick.) ok back to the buyer, the 80 he bought lays next to land, as far as the $ it is pd with cash and the dairy is 100% debt free and still has planty of cash to plant crops for yrs to come, buyer's MIL died sometime back and a large sum of $ changed hands. I also was told that if the 2nd bidder would not have quite bidding this could have/would have gone 10g/ac high. now tell me again farming is not personal. I trust my friend that told me this, so yes I beleive it.


Well that explains it...There are a couple of 50 cow dairy farms in my area and neither has anywheres close to 1.6 million laying in the bank....A wealthy MIL sure helped things..
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