Land Auctions are Heating Up
By: Randy Dickhut, AFM
Farmers National Company
Senior Vice President - Real Estate Operations
As we move into the post harvest period leading to the end of the year, the number of land auctions at Farmers National Company is heating up. We are not only experiencing an increase in auction activity, but also an increase in our private treaty listings for sale too. Landowners who have been thinking about selling for awhile have decided to move forward and talk to our agents about getting their property sold. Most of the sellers at this time continue to be inheritors and beneficiaries.
Farmers National Company's land auctions this past week have also been heating up in bidding activity. Paul Schadegg, Sales Manager, reported on our recent auction of seven tracts in Furnas County, Nebraska. The different tracts, ranging from good dryland to pasture, generally brought at or above the market. The overall auction price was well above local expectations.
Sam Kain, National Sales Manager, reports that his auctions in Iowa this past week generally brought a higher price for the sellers than expected. Bidding activity was good and interested buyers were in the room.
Story source: FNC release