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5,345 acres on 27 auctions in next 30 days in Minnesota
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PeteMN
Posted 11/6/2012 13:34 (#2681628 - in reply to #2681548)
Subject: Re: 5,345 acres on 27 auctions in next 30 days in Minnesota


E.Central MN
Of course the auctioneer would continue trying to complete a deal, thats how they get their commission. And while some may think a no-sale can have bad PR, in this inflated ag land market I don't think any of them lose a night's sleep over it. A few years ago I saw land auctions where the auctioneers had several small parcels from different sellers. It was basically just listing the parcels and hoping that two people would get in a bidding war and bid more than what the seller was asking. A lot of time nothing sold unlike now.
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