Brown County farmers react to record breaking purchase - KSFY News - Sioux Falls, SD News, Weather, Sports

Brown County farmers react to record breaking purchase

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Earlier this year a tract of land was sold for $8,300 an acre at a land auction, a Brown County Record.

That record for price per-acre has already been shattered…twice.

At an Aberdeen land auction two tracts, each 158-acres, went for $13,000 per-acre and $11,500 per-acre respectively.

Craig Schaunaman has been farming in Brown County for years and says high commodities, low interests rates, and guarantees from crop insurance was his belief for why the land went for so much money.

Schaunaman, still admits he was shocked to hear the final bid.  "I knew the land was great…" Schaunaman said, "But it still really surprised me when it went past the 10,000 dollar mark."

Jim Thorpe was the auctioneer for the auction and says Schaunaman was not the only one who couldn't believe the final price.

"They room was pretty quiet," Thorpe said with a laugh. "…Nobody anticipated this kind of money…they were in total shock."

Schaunaman did offer his advice for the two buying parties.

"Cross your fingers and pray we don't have a drought!"

Grant Gilchrist purchased the tract worth $13,000 per-acre, while the other purchaser wished to remain anonymous.



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