November 14, 2013
The Triple Crown of auctions took place November 7 and 8 when 33,667 acres of Kansas farm and ranch land were put on the market by Hall and Hall Auctions. Over 500 spectators, including 128 registered bidders, participated in a two-day auction, which totaled $46,485,770 in land sales. Highlights of the auctions included: a 160-acre Wichita County tract that brought $3,312 per acre and ranchland south of Meade that brought $1,007 per acre. Properties were purchased by 22 separate individuals, including local landowners and buyers from Louisiana, Texas, Nebraska and Colorado.
Land assembled over 35 years
The auction of 33,667 acres of western Kansas land, including this tract of ranch land near Scott City, totaled $46,485,770.
"The Hager Farms auction was a complete success and the sellers could not be happier," says Scott Shuman, real estate partner and auction specialist at Hall and Hall. "The vast land holding was assembled by Walter Hager and his wife Virginia over a 35-year period. After interviewing many auction firms, Virginia made the decision to market the property through Hall and Hall utilizing our unique multi-par choice process."
Hall and Hall conducted three separate auctions that brought in $31,275,300, $6,756,970, and $8,453,500 respectively. All three events were very well attended, and attendees were impressed with the process and prices. "We received an array of compliments on our brochures, maps, and advertising program," Shuman says. "Auction attendees agreed that Hall and Hall Auctions went above and beyond in every way. I am proud of our team."
Each Hall and Hall auction utilizes the full Hall and Hall database, which has been selected over 60 years to ensure every qualified buyer has an opportunity to be exposed to the property. Hall and Hall now video streams its auction, which allows interested parties to participate in the auction process from across the globe.
Equipment auction coming up
The Hager Farms equipment auction will take place at 10 a.m. on December 4 at Auction Tract 45 southeast of Leoti. The auction will include: feedlot equipment, feeders, panels, trailers, extensive farm equipment, cattle handling equipment, several tractors and pickups, and stop tools. The equipment auction will be conducted by Sheridan Realty and Auction in cooperation with Hall and Hall Auctions. For directions, visit the Sheridan Realty and Auction website.
About Hall and Hall
Hall and Hall was formed in 1946 as an agricultural mortgage company, and has since branched out into farm and ranch brokerage, appraisals, resource management and enhancement, retained search, auctions, and consultation on conservation easements and stewardship plans. Hall and Hall has emerged as the largest full service rural real estate firm in the Rocky Mountain West and Great Plains regions, managing more than one million acres of land, and servicing a loan portfolio of more than $500 million. A unique partnership between its offices in Montana, Wyoming, Idaho, Texas, Kansas, Nebraska and Colorado ensures the client receives local knowledge and personal service as well as the international perspective needed to make informed acquisition and management decisions. For additional information on farm and ranch auctions, visit the Hall and Hall website.
Source: Hall and Hall
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