Farmland: Connecting families
December 9, 2010
There were about 35 people in the Farm Bureau building on auction night — farmers, investors, brokers and others. Most were there out of curiosity about what the quarter section (160 acres) would bring. At the end, only one person mattered, and he wasn’t even in the room. V. had the winning bidding for his uncle, who listened by phone from Virginia.
The price went higher than was expected, $1,950 an acre — and higher than Uncle wanted to pay. The next day I emailed him to see how he was doing. His response: “Shouldn’t I be OK? LOL.”
He was looking for a good investment and feels he found one. The ground is right across from our home quarter and near other land Uncle owns. (Here’s a glimpse on this frosty December morning: http://www.youtube.com/watch?v=pD5OfAtvjJA.)
We’re very pleased for the opportunity to farm more land. It also feels good to look out over Woolf land. Maybe someday, our son can farm it for Uncle’s daughters and grandchildren.
That’s the other value of farmland — what the land means for farm families. This rang especially true when I talked to the sellers, the granddaughters of the original owner. Their reason for selling: To help care for their father in his remaining years. Comments from Dana: http://www.youtube.com/watch?v=Xf8IFvXpx9s.
Season to season, family to family.