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Land Auction Results From 11/05/2011

On Saturday, we auctioned 316.6 +/- acres in Randolph County, AR.  The farm included three irrigation wells, two 5,500 bushel grain bins, a T&L Pivot, and approximately 93 acres of precision leveled ground.

The farm sold for $3,050/acre.  In my opinion this was a solid selling price due to the farm’s condition and this year’s spring flood issues/levee damage.  The farm has many challenges, but it is well suited to become an excellent farm with some additional improvements.

 

By Jeffrey Hignight, Farm Manager and Associate Broker at Glaub Farm Management. Serving Landowners in Arkansas, Mississippi, Missouri, and Tennessee.

 

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