LAND MANAGEMENT NEWS
DTN Ag Business Benchmark
Marcia Zarley Taylor DTN Executive Editor
Thu Jan 10, 2013 02:09 PM CST

AUSTIN, Texas (DTN) -- "Help, I'm about to set a county land record," a middle-aged Iowa farmer called to confess late last year. The heirs to a farm estate next door to his home farm had turned down his private offer of $13,500 per acre and were putting the parcel up for public auction. He later spent over $15,000/acre outbidding other aggressive neighbors, but he justified it since he paid cash out of this year's profits, it abutted his land and it hadn't exchanged hands in more than a generation.

Emotions can override economics at auctions, sometime for good reason. ...

Quick View
Related News Stories
World's Dry Areas Feel Pinch
Drought Perspectives
Clean Water Rule Announced
Exporters Report Soybean Sale
Lawmakers Want More Time on Water Rule
A Savanna Reborn
Rethink Planter Speeds
Nutrients Trade Launched
Where's WRDA?
Weed Patch Lessons