- Nov 15, 2002
- NW TN
I know there was a thread a while back about them but couldn't find it. Went to an auction today in a small community where I own 87 acres. They were auctioning 166 acres in 17 different tracts. I was only interested in 1 tract and it's just 1 acre that borders mine giving me 88 acres. Luckily for me that piece was by itself and they wouldn't combine it if the bidding got that way. I went it high at $4,000 and got it. No one else bid. Once all the individual bids were done they started combining tracts. I've never been to an auction like this and was kind of comical to see these people (mostly farmers) compete against each other. Total value of property sold for 166 acres ended up at $1,136,000. 6 tracts sold as one and there were a few others that combined properties. If a farmer ever tells you they are broke I'd probably believe a story from a politician over that. They are doing just fine in their line of work.