Staggering prices continue for farmland at Clare public auction | farm online

There was another strong auction result for farmland in the well-kept district of Clare.

The 266-hectare (657-acre) Andrews Farm sold for $3.95 million at public auction today – or $6,012 an acre to local farmers Darren and Melissa Longmire

Ray White Rural agents negotiated the final price with the highest bidder after consulting with sellers after the land, sold for the first time in more than a century, fetched $3.8 million.

Geoff Schell started the auction with a seller’s bid of $3.2 million.

Andrews was said to be “an efficient-sized plot of quality land” in the Mid North.

This property was offered for public auction at the Valleys Lifestyle Center where another public auction a few weeks ago saw Hill View’s 736 hectares (1,818 acres) attract a winning bid of approximately $7,100 per acre.

The two properties are about 30 km apart, but in terms of buildings and agricultural infrastructure, they were very different.

Hill View had a renovated house, more land, more water, a large concrete-floored shed with workshops, numerous grain silos, and even an airstrip.

Andrews is located eight miles south of Spalding off the RM Williams Highway.

Andrews offered 266 hectares of productive arable land, including 41 hectares of dirt and clay suitable for growing alfalfa.

Andrews was offered for public auction today for the first time in over a century.

The farm offers rich, fertile soils suitable for a flexible business combination including wide cropping, hay production, alfalfa and livestock option

The property is watered by a bore which feeds four water troughs and there are permanent springs in Hutt Stream which runs through the north end of the property.

The property is fenced into seven main paddocks.

MORE READING: Another record broken for farmland in the Wimmera.

Structural improvements include a tool shed (18m x 7.5m), an old two-stand mowing shed and an old stone house which has been uninhabited for several years.

The seller estimates the annual rainfall in the district to average 470mm.

Advanced agricultural practices have been adopted for many years involving a no-till system with good agronomic practices.

Ray White Rural SA’s agents were Geoff and Daniel Schell.

Don’t miss all the latest rural real estate news. Sign up here to receive our new free weekly Farmonline properties newsletter.

Previous Property sales in Thailand expected to remain strong in 2022 — CBRE
Next Positive Outlook Helps Boost Calgary Luxury Real Estate Sales