Clift Land Auctions Gets $1.7 M for OK Panhandle Farm

Clift Land Auctions Gets $1.7 M for OK Panhandle Farm

IMG_1495On Thursday, May 28th, Clift Land Auctions held a land auction in Boise City, OK.  Up for sale in three individual tracts was 1,281 acres of Oklahoma Panhandle irrigated farmland.  “While most of the interest in this farm came from the Boise City and Felt, OK area, we had interest as far away as Amarillo, TX and Cheyenne Wells, CO,” commented George Clift, owner of Clift Land Auctions and Clift Land Brokers in Amarillo, Texas.

While eleven people registered to bid at this auction, most of the competition for this farm came from four determined bidders. “That’s what multi-parcel land auctions are all about”, said Clift, “When you split a place into multiple tracts, you bring in more potential buyers, some interested in just one tract, others wanting to combine two or more tracts, and still others wanting the entire property.” This auction ended with the three tracts going to three separate buyers.

IMG_1509To kick off the bidding, Auctioneer Todd Robertson conducted a charity auction, soliciting a donation to the Felt Foundation, LLP for the Felt School System.  Winning this auction and donating $650.00 to the Foundation was Farm Credit of Western Oklahoma out of Guymon, OK.  Shawn Davis and Wes Fitzgerald attended the auction representing the lender. Farm Credit also sponsored the refreshments for the auction.  As at each auction, Clift Land Auctions will match this donation up to $500.00, making it a pretty good day for the Foundation. (Pictured: Shawn Davis, Farm Credit of Western OK, Shirley Camilli, Felt Foundation, LLP, and Wes Fitzgerald, Farm Credit of Western OK)

In the last five years, Clift Land Auctions has sold over $27M in farms and ranches, proving the value of multi-parcel auctions.  For more information about Clift Land Auctions, the multi-parcel land auction process, and how you can benefit from this marketing option, visit CliftLandAuctions.com or call 800-299-LAND (5263).

Midwest Farmland Values Improve

Midwest Farmland Values Improve according to Colvin & Co. LLP Farmland Forecast May Newsletter. Farmland values in the upper Midwest increased 100 basis points during the first quarter of 2015, after declining over the past six months. Farmland values from the first quarter of 2014 were unchanged due to the large decline in grain prices over the past year. Credit conditions continued to send mixed signals at a time when farmers are recovering from a decline in farm income. Read the entire article here.