A spate of Internet rumors sprung up in the last week concerning that eye-blinking $20,000-an-acre farmland sale in northwest Iowa late last year. Thrust of the rumor -- that it did not close. Contrary to the rumor, it did. Confirmation comes from Pete Pollema of Pollema Auction & Real Estate, Sioux Center, Iowa, who handled the auction. "It closed last week," he told us. "I've got the commission check.
"I don't know where that rumor came from," he continued. "I had several calls in the past few days asking the same question. The buyer had his financing lined up before he came to the sale and there was never a question that the sale would close," he told us.
By the way, here is an interesting story about farmland vales in general and Sioux County farmland in particular. Click here.
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