On Saturday, January 14, 2012 Glaub Farm Management auctioned 465.5 +/- acres in Clay County, AR. The auction attracted 23 bidders from six states. Tract 1 sold at $3,760/ac and Tract 2 sold at $4,200/ac averaging $3,968/ac across both. Tract 2 sold for a premium compared to Tract 1 due to being a cotton farm, free and clear of any lease in 2012, and better drained than Tract 1. In addition Tract 2 fit the buyer’s need as an addition to land already owned in the area. Below is a summary of the two tracts.
Tract 1 is 245 +/- acres with approximately 92% cultivatable and 82% of the cultivatable acres are irrigated. The irrigated acres had been precision leveled with two irrigation wells and underground pipe. The farm is better suited for rice/soybean production and is located in area where cotton is the main crop produced. This tract also has a verbal lease for the 2012 crop year.
Tract 2 is 220.5 +/- with approximately 95.2% cultivatable and 59.8% of the cultivatable acres are irrigated. The farm is well suited for cotton production. The sale included a pivot and power unit and is free and clear of any lease for the 2012 crop year.