A 208-acre farm in south-central Wisconsin went up for auction at the end of April, and if you blinked, you might have missed what happened.
The farm, located about 15 miles south of Madison in Stoughton, was offered in five tracts. It sold for a combined total of $4,554,884 or about $21,946 per acre. Adam Crist, one of the Peoples Company agents handling the sale, said the pace and price left some of the attendees stunned.
“It was some of the quickest, most rapid-fire bidding in an auction that I have ever been a part of in several years,” said Crist. “We started out around $7,000 or $8,000 an acre, and we went over $20,000 an acre on the first four tracts within minutes. And we were jumping in $1,000 increments. It was extremely competitive.”
About the Sale and Buyer
In the end, one buyer walked away with all five tracts. Crist said there were nearly 50 registered bidders, including local farmers, investors from Illinois and Iowa, and buyers interested in building homes on the property…