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2018 Auction Season Winding Down
You are here:   Blog  »  Agricultural Real Estate  »  2018 Auction Season Winding Down

December 10, 2018 

 

Land auctions typically slow down as we approach mid-December and the year-end holiday season. Many sellers who sell after harvest want to be able to close the sale and have their proceeds before year end. Others who wait till later in the last month of the year may not need to close in the current year, but still want the sale to happen sooner than later.

Farmers National Company land auctions this fall and early winter have gone well. Depending on the quality of the farm and the competitiveness of the area, sale prices have generally met or exceeded expectations for the seller. Farmers National Company agents work diligently to provide a realistic view of the local land market so that sellers can set their expectations for the sale price that will result in a good sale for them.

There have been a few delayed sales where the sale did not happen at the consummation of the auction, but did happen after one-on-one negotiations with the interested bidders. Price expectations were not met at the auction that day, but buyer and seller came together on an agreeable price in a short time.

Auction season kicks off again in early January at Farmers National Company as we have sales booked in January and through spring tilling and planting. For these auctions coming up, sellers usually are trying to close the sale and transfer ownership so that the buyer has possession for the new cropping season.
 

   

Randy Dickhut 

Senior Vice President - Real Estate Operations  

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