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Ohio family farmland sells for US$7.4 million (Nov 14, 2017)

11 buyers split about 849 acres of land

By Diego Flammini
News Reporter
Farms.com

A grouping of farmland owned by an Ohio family, that’s slightly larger than New York’s Central Park, sold for more than US$7 million at a recent auction.

Close to 300 people attended the Nov. 2 auction in Shiloh, OH to watch the sale of 849 acres of farmland during the Burrer family land auction.

“It was a wonderful experience,” Dale Evans, general manager and auctioneer with The Wendt Group, who ran the auction, told Farms.com today, “It was one of the largest offerings we’ve had in years.”

The farmland, located about 20 miles northwest of Ashland, was split into 17 parcels ranging from two acres to 121.5 acres in size. A majority of the land was cultivated for corn, soybean and wheat.

But one 258-acre parcel included a 1,000 square-foot home, complete with three bedrooms and a full basement. A Quonset building and three gain bins (1,000 bushels, 3,500 bushels and 6,500 bushels) were also on this parcel.



 

Some parcels have land enrolled in USDA programs and others cross township borders, meaning the sales team had to be prepared for any questions.

“There’s an enormous amount of information when you’re selling off this much land,” Evans said. “Our goal is to try to get as much information regarding the farm services as we could. There’s some (Conservation Reserve Program) acres and, with all the privacy acts, it’s important the auctioneer gets as much of information as possible.

“We need to know when the parcels come out of any USDA programs and how big they actually are. We actually gained 11 acres after using a GPS to mark the fields.”

And that’s only the tip of the iceberg when it comes to Burrer family sales.

On Mar. 15, 2018, another 1,061 acres of the family’s farmland, located in Lorain County, will be for sale.

Five days later, the Burrer family will sell a variety of farm equipment.



 
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