Active bidding from a small group of aggressive farmers resulted in a 40-acre farm selling for $14,350 April 24. The farm is located east of Sanborn in O'Brien County in northwest Iowa. The farm sold with immediate possission and no leases.
The offering included 37 acres of quality tillable cropland. The Corn Suitabiltiy Rating 2 (CSR2 with 100 being maximum) on the property is 97.6. The CSR is 78.1 versus a county CSR average of 71.8.
Rich Vander Werff of Vander Werff and Associates, Inc., Sanborn, 712-729-3264 handled the auction.
Says Vander Werff: "We had five or six active bidders. We started the bidding at $8,500 and were at $12,000 an acre within three minutes. A local farmer was the buyer."
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