EPISODE 2 DETAILS

Cropland Auction Sets Fresh Record in North Dakota

PIFERS AUCTION AND REALTY

According to a post on Facebook, on November 1, Pifer's Auctioneers hosted a live and online land auction. The farm featured 320 acres of highly-productive land in Pembina County, N.D. That's the very northeastern corner of the state in the Red River Valley. The auction house says the land sold for $17,500 per deeded acre to a family farm operation. It says that shattered the all-time high for North Dakota cropland. Roughly 30 bidders were on hand for the auction.

The Pifer team says that area is known to be tight where very few farms ever get exposed to the market. Another of the enticements comes from the crop rotations in that region. Farms typically grow potatoes, sugar beets, wheat, corn, barley and soybeans. The ability to produce sugar beets and potatoes on medium to heavier loam soil, without irrigation, was a strong draw.

FEATURING

Pifer’s Auction & Realty

https://www.pifers.com/

@Pifers.Auction.Realty

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References

https://www.agweb.com/news/crops/crop-production/look-out-iowa-cropland-auction-sets-fresh-record-north-dakota

https://www.pifers.com/